Despite all the uncertainties associated with Brexit and its impact on executive recruitment in the UK, at least one sector seems relatively unaffected for now: the banking industry - despite speculation to the contrary.
In this article, executive search firms are commenting on the fact that high level roles are staying in London, while smaller operations and back-office jobs are more likely to be relocated.
Furthermore, it is becoming clear that many of the most important operations are set to remain in London. Lloyd Wahed, Managing Director at recruitment firm Athelstan Search, explained: “Not only are the more highly skilled and strategic roles staying put, we have seen demand for data analysts in London’s investment banks increase. In particular, there has been an uptick in search requests for chief data officers.” According to Wahed, while banks are looking to move certain functions to mainland Europe, the bulk of this movement will come from back office, support and administrative roles.