I was asked recently for my perspective on Investment Management hiring by a journalist at the FT. Clearly, hiring is not at the top of our clients' agendas for the rest of 2020. And we fully expect market disruption to impact compensation and bonuses for 2020 as they should do given how we are all being impacted. However, we have been reassured by the commitment our clients are making to maintaining strategic hiring activity as well as being able to "see through" the next 6 months of challenge as they seek to add new capabilities to their investment waterfront.
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Investment Management Hiring Outlook
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The disruption wrought by the coronavirus has caused working life to change drastically in the past few weeks.
Yet while many fund professionals may have adjusted well to a new reality of Zoom calls and commuting to the kitchen, the downbeat economic outlook heralds a period of intense uncertainty in the labour market.
Firms including BlackRock, JPMorgan and Amundi have hunkered down in the face of the virus by implementing hiring freezes, while Gam announced last month that it will be proceeding with its plans to cut staff numbers by 16 per cent by the end of the year.
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