The Market

There is no denying that since the run on Northern Rock, the following credit crunch, SocGen, slowing house prices and reduced confidence in the market have shaken the global economy.

The unsettled economy and renewed fears of a recession are driving down global equities and increasing credit spreads to record levels. The Federal Reserve are keen to prevent a US or even global recession and look set to continue reducing interest rates. Unfortunately these reductions as yet have not been passed on by the banks to their customers.

As a result the need for tighter risks and controls remains essential.

The FS industry in response are looking to increase efficiency and reduce expenditure wherever possible. However the pressures on the industry to deliver business critical projects, tighten up on credit and controls, improve liquidity, reduce operational risk, regulatory pressures, major system upgrades and other critical initiatives are ever present.

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Therefore there is increased demand in the market for top talent. Rare skill sets will be increasingly difficult to recruit for. There will be many average performers in the market as a result of redundancies and discontentment due to poor bonuses.

That is exactly why MDM can help and become a valued supplier as we are to many leading financial services firms. Through our knowledge of the markets, FS network and database we can help to attract those hidden stars for your business.

MDM's team is made up of industry professionals and experienced FS recruiters to ensure in house market knowledge and the provision of the highest calibre of candidates at all times.

Archive:

The Market 2006 - 2007