December 2014

Posted by Anton Murray Consulting on . Posted in 2014

Sydney hosts several of Australia’s largest banking and wealth management institutions, being the largest financial services employment centre in Australia. Over the past decade the footprint of global investment banks in Sydney has shrunk slightly due to the high Australian dollar and high CBD rentals, however many firms recognise the importance of a presence in Australia and choose Sydney as the obvious location. As the AUD rebalances over the next decade we expect to see several investment banks again increase local hiring with client facing positions.

Many of the largest financial services employers in Sydney are choosing lower cost locations, with substantial offices across the greater Sydney area. As the population shifts toward the west suburban office locations are attractive to candidates who prefer a work location without a CBD commute and can take advantage of the lower cost housing that western Sydney provides.

Sydney has experienced a year of recruitment growth with widespread confidence across both investment banking and funds management. The Australian equity markets have remained relatively stable and have been on an upward trend recently, which gives our clients hiring confidence across all sectors. The Investment Banking, M&A and corporate advisory space has seen increased corporate activity throughout 2014 and we expect similar confidence in the new year.

December is traditionally a quiet month in Sydney as our clients close off any last remaining deals. The month is punctuated by Christmas lunches and after-work drinks before our clients head out of town for a few weeks. The exceptions to this rule are our sales & trading clients that often trade Asia-Pac markets, where it’s business as usual over the holidays. In December we also start initial conversations with clients to consider post-bonus targeted recruitment strategies for January.

Have you been to The Lemon Tree yet? Located next to Sydney banker favourite Ryan’s Bar, it’s the newest addition to Australia Square serving Southern Italian cuisine. The St. George Openair Cinema begins early January and tickets are on pre-sale now. Be quick as they sell out fast. Consistently popular post-work drink destination Opera Bar has undergone a refurb and is reopening on 11th December. Check it out this week.

On behalf of the whole team atAnton Murray Consulting we wish you a very safe and happy Christmas season and a prosperous new year ahead.

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