In the financial services sector, emergent tech businesses have taken the fight to the larger established names. The battle for talent has largely been played out at executive level within the technology skill sets – with traditional firms trying to retain their talent from an ever-increasing FinTech market hungry for experienced 'old world' operators.
The consequences of talent within this shifting landscape are clear. The mass migration of talent into the EU as banks set up EMEA HQ outside London (Lux/Ireland etc.) has drawn people away from the city. What was a cosmopolitan centre of EMEA for banking has quickly become disparate. Separating divisions products and regional teams. Add to this the constraints of COVID on travel and the traditional approach to ‘client coverage’ and we see a sector that is fragmented and in large-scale transition.
Technology remains a disruptor within the sector with no areas of FS being unaffected.
The Amrop UK team has a rich and diverse background within Financial Services executive search and consulting. Operating with our client partners to deliver product and corporate executive search as well as due diligence, market mapping and leadership services (assessment/team assessment). Over 50 years of experience have seen our business grow and adapt as our clients have.
Our network is equally diverse, with a focus on not only leaders within the sector currently, but also those individuals who ventured away from the sector into the corporate landscape within key functional/leadership roles.
Mind The Gap
What’s next for financial services attraction and retention?
The financial services sector has suffered from a skills gap for some time with digitalisation playing a fundamental role. Estimates suggest that the pandemic has accelerated the process of digitalisation by five years – and competition for talent is only going to intensify.