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Twenty Financial Services Firms That Will be Hiring in 2013

It’s been a turbulent year in finance, with layoffs, scandals and depressing balance sheets making most of the headlines. Large banks have cut tens of thousands of employees, hedge funds are closing on a daily basis and compensation is being cut across the board.

Still, some finance firms are fighting through the regulatory red tape and economic hiccups to add to their workforce. Below are 20 finance companies poised to add talent in 2013. Get your resumes together.

Ernst & Young

One of the Big Four accounting firms, Ernst & Young has one of the biggest tax services units in the U.S. The firm is also investing in its consulting business, which has shown the ability to prosper in a slow economy as clients pare down full-time staff. The firm currently employs roughly 167,000 people, with 50,000 in the Americas.

E&Y expects to hire more than 10,000 experienced and entry-level financial services employees in the U.S. during its fiscal year ending June 30, 2013. Within its advisory group, Ernst & Young is focusing on healthcare, technology and financial services. The firm also plans to hire 20,000 people in Europe the Middle East, India and Asia.

Cantor Fitzgerald

Originally formed as an investment bank, New York-based Cantor has expanded into fixed income, trading and asset management and, most recently, launched a commercial real estate brokerage business. Cantor currently employs more than 1,600 people, up from 1,400 early last year.

The firm recently announced plans to hire at least 200 staffers for its brokerage unit over the next year. It wants candidates for its investment banking and asset management groups, as well as to fill specialty finance roles, among others.

European Central Bank

The European Central Bank just had its job description changed dramatically. The ECB is now charged with overseeing 6,000 European banks, with direct supervision over 200 of the area’s largest lenders. The ECB currently maintains a full-time staff of around 1,600.

ECB Vice President Vitor Constancio said the bank will need to hire “slightly above 500,” disputing earlier reports that the firm could add as many as 1,000 new staffers. “The recruitment will have to be done mostly from the national authorities, meaning national supervisors or national central banks,” Constancio told Bloomberg. All new hires will be ECB employees.

Wells Fargo

Wells Fargo is one of the top home loan companies in the U.S., putting the firm in a strong position to hire in 2013 as the mortgage industry continues to come back to life. Like other banks, Wells Fargo is also growing its brokerage business. The bank employs around 280,000 people.

Wells Fargo last year doubled to 1,200 the number of team members charged with supporting the Home Affordable Refinance Program (HARP), which enables homeowners suffering from dwindling real estate prices to refinance their homes, said Tom Goyda, a Wells Fargo spokesman, who said that skilled underwriters are in particular demand in 2013. Wells Fargo has roughly 1,300 jobs available on CareerBuilder.

French Banks

French banks like BNP Paribas and Societe Generale, which had to slash U.S. staff during the financial crisis, are quietly adding headcount as the market stabilizes. Don’t expect them to ramp up as fast as before the crisis, but moderate hiring has returned.

Prudential Financial

Prudential Financial is predominately a life insurance company that offers a number of financial services, including annuities, asset management and pension and retirement-related services, among others. The firm has 20,000 employees in the U.S., and is looking to add talent domestically throughout 2013.

“We are planning for particular focused hiring in the areas of information technology experts, client service professionals, and as always actuaries and sales/business development executives,” Jana Fallon, vice president of Prudential Staffing, told eFC.

Guardian Life

Guardian Life is a New York-based mutual insurer that is always on the lookout for quality sales professionals to sell its services. The firm has a goal of hiring 875 financial representatives in 2013, after adding 840 in 2012.

“This is a conservative forecast and we should exceed it,” Scott Rich, field vice president of financial representative recruiting at Guardian Life, told eFC.

What makes Guardian so interesting is that it isn’t necessarily looking for people with sales experience, or even an insurance background.

“We are primarily targeting career changers coming from roles with transferable skills sets and markets,” Rich said. “We are seeing increasing hires coming from legal, sales, business and corporate roles into financial services where people can expand on their backgrounds by building entrepreneurial financial services practices.”

J.P. Morgan Chase (U.S. Veterans)

J.P. Morgan has made it a goal to hire U.S. military veterans, both through its participation in the 100,000 Jobs Mission and hiring internally at the firm.

“We plan to continue hiring military talent in 2013 and in the many years to come,” a J.P. Morgan spokesperson told eFC. “We are hiring - and will continue to hire - across all lines of business and at all levels.”

The bank just launched a branch manager training program, and is in the process of recruiting and hiring 20 veterans to be branch managers in New York, Dallas, Columbus and Tampa, according to the bank spokesperson.

J.P. Morgan Chase (Islamic)

J.P. Morgan is planning to increase its Islamic finance footprint in 2013.

“We want to up our game across the Islamic product spectrum and countries, hence are looking to strengthen further our local capabilities with select new hires,” Sjoerd Leenart, senior country officer for J.P. Morgan told Dow Jones last month.

HSBC, Deutsche Bank, Standard Chartered, QInvest and Citi also maintain a strong presence in the area.

Edward Jones

Edward Jones is a Missouri-based financial services firm that focuses on individual investors and small business owners. The firm is always on the lookout for financial advisors.

In 2013, Edward Jones hopes to add 3,000 new financial advisors, 1,500 branch office administrators and 130 home office associates, a company spokesperson told eFC.

Coutts & Co

Coutts is the wealth management arm of the Royal Bank of Scotland. Chief executive Rory Tapne told Gulf News last month that it is looking to rapidly expand in the Middle East. The firm just opened in office in Dubai.

Coutts, which currently generates roughly 55% of its business in the U.K., is looking for its international units to account for 60% of revenues in the coming years.

EFG Hermes

The joint venture of Cairo-based EFG Hermes and Qatar-based QInvest should result in some aggressive Middle Eastern hiring in 2013. The newly-formed firm hopes to grow its asset management capabilities by more than 50% over the coming years, according to Mena Fund Manager.


Headquartered in London, Markit is a global financial information services company with more than 2,500 employees. The firm has offices in New York, Dallas, Boulder, Calgary, Vancouver, Toronto, Amsterdam, Frankfurt, Luxembourg, Tokyo, Singapore, Delhi and Sydney.

The company’s cash cow is MarkitSERV, a joint venture between Markit and The Depository Trust & Clearing Corporation, which accounts for 84% of the firm’s processing revenue, according to Financial News. MarkitSERV has helped create 200 jobs, and Markit sees no signs of slowing down.

The company’s website shows 58 open jobs across the globe.

Quicken Loans

Quicken Loans, an Internet-based U.S. mortgage house, hired an average of 120 mortgage brokers per month in 2012, and seems poised to continue to grow in 2013, Michelle Salvatore, director of recruiting, told eFC. The firm currently has over 200 job openings on its website.


Mitsubishi UFJ Securities International (MUSI), the capital markets business of Tokyo-based banking group Mitsubishi UFJ Financial Group, says it wants to develop its business globally next year.

A spokeswoman for the firm in London said “continued growth” is predicted in the City next year but that the core focus for 2013 will be growing the investment banking business in Asia and the US and expanding the bank’s “product reach” in the process.

Marex Spectron

London-based Marex Spectron is one of the world's largest privately owned brokers of financial products in the commodities sector. Newly appointed Chief Executive John Wall, a former investment banker at UBS, said earlier this fall that the firm would look for new acquisition targets and hire more staff, according to Reuters. Marex didn’t respond to requests for comments and their specific hiring plans for 2013.

Carmignac Gestion

In the last two years, French asset management firm Carmignac Gestion has recruited 60 new collaborators in Europe as it’s developing its business outside of Paris, especially in London, according to Financial News. And they're still looking at hiring new folks across Europe.

Edmond de Rothschild

Private French bank Edmond de Rothschild wants to increase its assets under management by 26% by 2016. For that, it’s planning to recruit, especially in Asia, Latin America and the Middle-East.

Hedge Funds

While most hedge funds have toiled through a generally difficult 2012, a handful have had very strong years, and are well positioned to hire in 2013. Bluecrest Capital Management, Winton Capital Management, D.E. Shaw and Bridgewater Associates to name a few. Click here for the full list.

Bank of America

Yes, Bank of America has announced thousands of job cuts in 2012. But that doesn’t mean the firm isn’t adding talent in select areas. BofA added 900 small business bankers in 2012, and will look to bring the number of new hires to 1,000 early in 2013, a bank spokesperson told eFC.

“These bankers serve as a local resource by consulting with small business owners at their place of business, assessing their companies’ deposit, cash management, and credit needs,” the spokesperson said.

The bank also hired 1,600 veterans in 2012, and said it will continue to recruit and retain military employees across the U.S. in the coming year.

AUTHORBeecher Tuttle US Editor
  • Be
    8 January 2013

    Santosh, let me get right on that for you...

  • Sa
    Santosh Gupta
    29 December 2012

    Hi Team,

    Thanks for this list. Could you please compile a similar list for Asia - especially Singapore. It would be a great help.

    Request people part of Singapore financial services industry to also indicate some names. It would be great help.


  • Wh
    26 December 2012

    I will believe it when I see it.

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