Financial recruitment 'not in decline'

An expert has rejected the idea that the UK financial recruitment sector may be suffering as a result of turmoil in the global credit markets.

There has been a significant level of negative publicity surrounding job cuts in the industry, but there has been "no evidence" of a downturn in this market, Kevin Rolfe of Independent News & Media told onrec.com.

In fact, the number of applications for finance roles has seen a significant rise in the recent past, rather than experiencing a fall, he claimed.

Mr Rolfe added: "I am convinced that 2008 will be strong year for City recruitment levels as commercial developments in this area come to fruition."

Earlier this year, a survey by PricewaterhouseCoopers led the firm to conclude that businesses in the wealth management sector should prepare themselves for the "war for talent" becoming more intense in the near future.