IT FINANZMAGAZIN: With the acquisition of Credit Suisse by industry leader USB, one of the most significant bank mergers in recent years, a new balance of power in the financial market calls for innovative recruiting. Jeanne E. Branthover, Managing Partner, Global Financial Services/Fintech Practice, discusses the impact on the European job market as published in IT Finanzmagazin:
“While there was previously a shortage of skilled workers in the industry and applicants were in the position of being able to choose from a wide range of vacancies on their terms, the balance of power is now shifting toward companies.
Many players in the banking sector will take advantage of the situation and look to hire away individual employees and entire teams. In the consolidation phase, there is now the possibility that outstanding talent will become available again.”
Article published in German.