Treasury recruitment market shows signs of recovery
The treasury recruitment market, like many others, suffered from a collapse in demand in the later part of 2008 and the first half of 2009. Whilst there were redundancies, the majority of departments retained their staff. Not surprisingly, given the origins of the recession, treasury departments experienced increased work loads and the corporate profile of many departments was enhanced.
The economy is now stabilising and the highly uncertain conditions that have characterised the recruitment market are receding. Confidence has tentatively started to return.
This confidence is now leading to increased treasury recruitment activity. The rise in demand is being enhanced by developments in the regulatory and accounting frameworks such as FSA liquidity regime and IAS 32/ IFRS 7.
Whilst the pressure to reduce costs will remain high, well managed and adequately staffed treasury departments are rightly viewed as necessary to protect and promote corporate financial stability. Treasury supervision and governance are likely to become growth areas as companies look to streamline and enhance both their back and front office activities.
Not withstanding the sheer scale of the downturn and the capacity of events both unforeseen and otherwise to derail recovery, we are cautiously optimistic that a more sustained demand in treasury recruitment is in the process of developing.
For a more detailed picture of the current treasury recruitment market, please contact Dean Spencer ds@barclaysimpson.com on 020 7936 2601
Barclay Simpson is committed to equality of opportunity and promotes diversity. All applications for positions advertised on behalf of our clients will be accepted and reviewed solely on merit. To view our Equal Opportunities & Diversity Policy, please click here. |
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