Belfast Telegraph

Banking sector vacancies a sign of more good things to come

By James Thompson

The UK’s banking sector is showing signs of life as one Irish recruitment company said it was looking to fill hundreds of vacancies in the sector.

Hays Ireland said a number of UK banks wished to recruit up to 800 bankers, thanks to an improvement in the UK economy.

Managing director Richard Eardley said: “British banks are already feeling the first winds of recovery and in recent weeks we have seen a very significant increase in the demand for bankers.’

Mr Eardley said while banks were usually the first to make redundancies in a recession, they were often the first to start hiring again. Hays said the vacancies were for bankers with accountancy backgrounds, with salaries of between £50,000 and £80,000.

Neal Lucas, managing director of Neal Lucas Recruitment, said the banking sector was also a barometer for recruitment prospects in other sectors. “Banks are the lifeblood of the local economy — their financial health is essential in enabling local businesses plan investment activities, including recruitment,” he said.

“The pace and extent of economic recovery in 2010 will depend, to a large extent, on the financial well-being of the banking sector.”

Belfast Telegraph