After the trauma of the fallout from the global financial crisis, the financial services industry is now growing at its fastest rate since 2007. Amid increasing competition, there is huge demand for boardroom talent in roles including innovation, risk & compliance and digital.
The post-crash climate has been characterised by major regulatory changes affecting the operation of the banking and pay day loans sectors, aimed at repairing balance sheets and reputations, and a technological transformation. Now consumer confidence is returning. The 100th CBI/PwC survey of the industry, published in October 2015, found activity rising across all customer categories and profitability bouncing back. With less concern about demand and new players on the market including challenger banks Aldermore, Shawbrook, Williams and Glyn, and Sainsbury’s, the focus now is on competing for new business. This is driving investment in both marketing and new technologies designed to meet customer expectations for simpler online and contactless transactions, which brings its own challenges including the emerging threat of cyber crime.
With this backdrop of growth, innovation and tighter regulation, there is a huge demand for expertise in a wide range of senior roles in areas including transformation, commercial, marketing and compliance – both on a permanent and interim basis. This extends to NED appointments, with the increasing focus on corporate governance. HW has extensive experience in executive search and interim management in financial services, with in-depth industry knowledge and access to talented executives across a range of specialisms.
For more information contact John Wakeford.