This looks like being a very good year for financial IT recruitment
Anyone wondering whether investment banks' level of IT investment (and recruitment) would continue this year will be buoyed by the sentiment emerging from the latest crop of quarterly results.
Leading the pack in terms of bullish recruitment is Credit Suisse, which said it had added 900 staff in the second quarter - largely in IT.
"The increase in IT professionals reflected increasing geographic and regulatory requirements in conducting our businesses globally as well as the IT-intensive nature of certain client flow-based businesses," it said.
Let's not forget that Credit Suisse was also adding IT staff in the first quarter. As well as building new systems for its private bank, the firm has also been hiring for projects around the development of an FX e-Commerce platform, equities and fixed income IT roles within the investment bank.
But Credit Suisse is by no means alone. For a start, Morgan Stanley pointed to renewed IT investment to "ensure we have the proper infrastructure and analytical tools", according to its chief financial officer Ruth Porat.
This is reflected in the large number of UK-based IT roles across a range of functions within its investment bank and private wealth management function.
Surprisingly, Vikram Pandit, Citi's chief executive officer, also said it was making "significant investments in technology". Lest we forget, the US bank has cut $1.42bn from its technology costs over the last 18 months.
Nonetheless, the Citi appears to be recruiting extensively in this area, with over 200 vacancies currently across Europe. This includes London, but also its development centres in Dublin, Belfast, Budapest and Warsaw.
Similarly, J.P. Morgan - which has previously stated its intention to spend more on technology this year - still has over 150 tech jobs across London and Glasgow.
Bank of America also remains a prominent recruiter in the IT sector, while Goldman Sachs has upped its spend on technology by 8% on this time last year.
