A projected upturn in merger and aquisition (M&A) activity in 2005 should lead to a rise in recruitment in the London corporate finance sector, according to research released today.
Recruitment consultants Morgan McKinley said that the upturn in M&As along with the growth in financial regulation and reporting requirements should propel demand for financial services experts.
Ken Brotherston, chairman of Morgan McKinley, said that 2005 is “shaping up to be a good solid year” for the financial services recruitment market in London.
The report showed the trend in salaries for 2004 was generally upwards, with average City salaries increasing by 3.69 per cent.
The highest salary increases were for middle-market professionals (financial controllers, junior analysts, and product controllers) and administrative/support staff. These gained respective increases of 13.8 per cent and 6.9 per cent over the past 12 months.