London City Job Vacancies Rise 21% in August as Financial Markets Revive

The number of job vacancies in London’s financial district climbed in August as “dormant” markets revive, recruiter Astbury Marsden said.

According to its research, the number of new jobs created in the City last month was 5,031, a jump of 21 percent from a year earlier and up 6.7 percent from July’s 4,713.

“Institutions have to fight a lot harder to get the staff they want compared to a year ago,” Mark Cameron, chief operating officer at the London-based financial-services recruiter, said in an e-mailed statement today. Investment banks are hiring again after a pause as they reshape some teams, he said.

Debt markets including sovereign bond and high yield securities markets have remained “very active,” according to Astbury. Banks are also looking at other markets such as mortgage backed securities that “had been dormant but seem to be flickering to life,” Cameron said in the statement.

To contact the reporter on this story: Finbarr Flynn in Dublin at fflynn3@bloomberg.net

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