2020 was a tumultuous year of historic proportions. Between the advent of Brexit and the Covid-19 pandemic and lockdowns, financial institutions faced a volatile and increasingly negative market coupled with the unfamiliar prospect of the majority of their workforce having to complete their duties remotely. Uncertainty remains omnipresent in 2021, but the outlook is positive - download the report for all the trends we expect to see in Europe.
Overview of 2020 and What to Expect in 2021
While several industries suffered dramatically in 2020, across Financial Services there were plenty of examples of unrivalled performance. Many High Frequency Trading firms recorded large profits as they benefited from the volatility in the market. Additionally, some traditional sell-side trading desks in banks such as Jefferies and BNP Paribas posted record quarters going some way to help offset other areas of the bank which may have struggled, such as M&A.
Stay-at-home orders and employee safety concerns led to a sharp rise in remote working, which took some adjusting for both employers and employees. Across Financial Services, this tested pre-existing models, particularly around compliance.
The outlook for 2021 is vastly more positive than last year. Post-Brexit clarity, the vaccine campaign, and established remote working and hiring practices will contribute to better productivity and more stability.
But what effect will this have on hiring within Financial Services?
About the Report
Download our report to read more on how the hiring landscape has shaped up within the European Financial Services space in 2020 and how it is expected to change in 2021. The report contains insights in the areas of:
The Post-Brexit Hiring Landscape
Legal & Compliance
Sales & Trading