This week FN (Financial News) reported on how many compliance professionals in the city (London) have decided on a career change, driven by the unprecedented pandemic challenges and the pressure of navigating the regulatory minefield of Brexit.
Denis Spearman (Partner, Head of Compliance & Financial Crime Practice) was quoted regarding the acceleration of compliance hiring in the city so far this year – an upward trend Danos Associates has also seen across Europe, Asia, and the Americas.
“Danos Associates saw a 20% jump in market-wide compliance moves in the year to April compared with the same period a year before.”
Denis also reported on the influencing factors and trends that are impacting change:
Regulatory Governance Pressures
“Spearman said the prospect of the UK deviating its rulebook from the EU’s as a result of Brexit was “absolutely adding to the pressure”,…”
Compliance Professionals Moving From Big City Firms To Smaller Firms
“…biggest migration was from big City firms to smaller ones, which tend to be seen as less stressful, including asset managers, fintechs and crypto firms.”
Read the full article here: Compliance sees brain drain as workers flee City giants in record numbers – Financial News (fnlondon.com)
The last year has shaken up many industries, significant events almost always foster new approaches and innovation. Danos Associates is an agile recruitment firm, we pride ourselves with having a deep understanding of the market, our clients, and candidates.
Denis Spearman is one of the leading recruiters in the Compliance and Financial Crime industry. Having worked in the industry for over 16 years his network is extensive and has an exceptional track record for delivering on assignments.
If you are looking to hire, or would like advice on the current market, please reach out to Denis, who can share his knowledge and identify the best talent for your firm.
Denis Spearman | Partner, Head of Compliance & Financial Crime Practice
Tel: +44 (0) 20 7371 8332 | Email: firstname.lastname@example.org