Overview
Anton Murray Consulting provides professional consultancy in matching high calibre candidates to top tier Investment Banks. Our dedicated specialists on both permanent and contract desks strive to build solid relationships with hiring managers, enabling us to provide tailored recruitment strategies to our clients.
We focus on a broad range of positions from senior management Director level positions down to junior Analyst level assignments. We have a proven track record covering areas within Investment Banking from Operations, Middle Office and Front Office opportunities. The clients we work with in our Investment Banking team are varied; including global Investment Banking houshold names, large Australian Institutional Banks, Proprietary Trading Companies, boutique Broking and Advisory businesses, Market Makers, CFD Providers, Data Providers, Private Equity Firms, and Venture Capital firms to name a few.
Positions
Investment Banking 2010 Market Trends
Globally the Investment Banking market will start to stage a recovery in 2010. We saw a recovery across many areas within Investment Banking from about June 2009 onwards. Although the market started slowly in 2010 with a gradual weakening of the equity markets, we would expect the recruitment market for Investment Banking to be reasonably robust in 2010.
From a Front Office perspective many of the areas within Investment Banking are lightly staffed at the Analyst and Associate level, so there should be a variety of opportunities that will be available. This is particularly true with global Investment banks as they did minimal graduate recruitment in 2008 and 2009 so are now underweight at the junior level. Especially within the equity markets and corporate finance we would expect 2010 to be a reasonably strong year for candidates with direct experience who are seeking to move.
On the Operations and Middle Office end within Investment Banking the market will gradually strengthen throughout 2010. We saw the Operations space within Investment Banking gradually build momentum in the later part of 2009, and we would expect this momentum to gather strength throughout the year. The contracting market for Investment Banking operations candidates seems to have remained weak, although toward the end of 2010 we would expect this to strengthen. Equity markets operations and middle office candidates should have a reasonably good selection of opportunities from March 2010 onwards. Particularly within Operations and Middle Office we are expecting quite a bit of movement post bonus in March 2010, if the market stays confident and there is places for candidates to move to. This will have a flow on effect, and create opportunities across the market.
Salaries within IB Operations & Middle Office areas have remained stable for 2008 and 2009, and given this we would expect them to start to shift upwards in 2010. Given reviews of remuneration structures for Investment Bankers that are happening globally may see an increase in salary levels and a reduction in bonus throughout this year. This change will be more exaggerated with front office candidates, rather than Operations or Middle Office staff.
Anton Murray Consulting, Level 46, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 2000. Tel +61 (02) 8246 8900
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