Asset managers shrug off post-Brexit jitters as recruitment sees 'bizarre' uptick

Despite fears around hiring freezes

The asset management industry has seen an increase in recruitment activity since last month's referendum, despite fears uncertainty around the UK's future relationship with the EU could lead to industry-wide hiring freezes, according to executive search consultancy Alderbrooke.

Alex Howard-Keyes, head of wholesale financial services at the company which specialises in senior level appointments, said asset management firms have continued to prioritise their growth as they do not believe the leave vote significantly changes their needs. "The uptick in inbound hiring requests from long-only, global, traditional asset managers has been bizarre," he said. "Firms may conceivably have to put people in more parts of Europe if needed, but right now their view is they can continue to hire in both the equity and fixed income sides of their businesses." What next for UK...