Fi­nan­cial ser­vices is one of the ar­eas see­ing a def­i­nite re­cruit­ment spike

Irish Independent - Business Week - - Front Page -

con­sid­ered the most vul­ner­a­ble among EU mem­bers to any change in trade af­ter Brexit, the fi­nan­cial ser­vices firms want to keep close ac­cess to clients af­ter Britain leaves the EU in 2019.

Bar­clays, Le­gal & Gen­eral In­vest­ment Man­age­ment and Stan­dard Life Aberdeen are among com­pa­nies to pick Ire­land as a post-Brexit base against stiff com­pe­ti­tion from ri­val cen­tres in­clud­ing Lux­em­bourg, Frank­furt and Paris.

Robert Mac Gi­olla Phadraig, Sig­mar Re­cruit­ment’s chief com­mer­cial of­fi­cer, said head­hunted per­son­nel were se­cur­ing in­creases of be­tween 10pc and 15pc, with front-of­fice staff able to com­mand the high­est salary jumps. Two-thirds of em­ploy­ers sur­veyed by Sig­mar and ac­count­ing firm EY said they ex­pected to give staff a pay rise in or­der to stop poach­ing by ri­vals, a prac­tice al­ready ac­count­ing for one in four hires.

“We have reached a tip­ping point ... this is a tal­ent cri­sis.”

Lo­cal banks Al­lied Ir­ish Banks and Per­ma­nent TSB both said they had lost staff to in­ter­na­tional ri­vals in re­cent weeks, hob­bled by a salary cap and ban on share-based re­mu­ner­a­tion.

Around a fifth of va­can­cies are be­ing filled from abroad and more em­ploy­ers are also of­fer­ing flex­i­ble work­ing to help seal the deal.

An­drew Craw­ford, head of Ex­peris Ire­land, said ap­pli­cants were com­ing from as far afield as Aus­tralia and the US, af­ter many had left fol­low­ing the 2008 fi­nan­cial cri­sis. (Reuters)

The DCU Brexit In­sti­tute has an­nounced a three-year agree­ment with AIB, which joins law firm Arthur Cox as an of­fi­cial spon­sor of the In­sti­tute. The first cen­tre of its kind in Europe, the DCU Brexit In­sti­tute was launched on June 23 2017, a year af­ter...

Dublin’s dock­lands is at the cen­tre of a boom in re­cruit­ment for fi­nan­cial firms

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