"The hiring window has been pushed back into the second quarter this year. Everyone is going to be hunting down the top 10% of performers. In this environment, it's all about inducing maximum returns per unit on a lower cost base in a margin-pressed business. There's real competition for the high performers. Fixed income made profits last year and banks are hiring, so we're busier than we were in 2012. In terms of business areas, I'm expecting recruitment in emerging markets, FX, e-Commerce, credit and rates. As far as I'm aware, the situation is less promising in equities..."
Russell Clarke is a founding partner of Figtree Search, a fixed income focused search firm in London.