If you strip compliance, risk, finance and any other control jobs out of the equation, it’s been a while since banks did any sort of monumental recruitment. This could change. In some quarters, there’s a sense that 2014 might be the year when front office hiring finally makes a comeback.
“There will be headcount additions in 2014,” says Oliver Rolfe, managing partner at equities-focused recruitment firm Spartan Partnership. “Cash equities revenues are growing and we’re expecting most banks to start selectively adding people.”