Swiss Banking recruitment in 2011

What with all the re-emergence of the Western sovereign debt spectre, the near future of recruitment and growth of banking jobs in Switzerland is far from certain. The probability is that next year will feature less banking recruitment than 2010. What recruitment that will be conducted will probably be a result of movement caused by dissatisfaction with bonuses

However, there are actually pockets of expansionary enthusiasm with in Switzerland banking sector. On a bank through bank basis, heres where recruiters and also media reports suggest the recruitment will be done in the Swiss banking industry next year.

Credit Suisse

Credit Suisse has grown its investment banking headcount by 9% this year. In its Q3 presentation your banker said its flow gross sales expansion was, "largely full"�

Recruitment will be probably sporadic in 2011. Then again, recruiters point out that Credit Suisse must recruit a team involving banks analysts to replace those that went to BNP.

HSBC

HSBC is mentioned by various Swiss recruiters as being a likely candidate for setting up new banking jobs in Switzerland in 2011. Recruiters predict new jobs, "across equities."� Then again, HSBC is known to its cautiousness. The real focus will probably be emerging markets.

JPMorgan

Recruitment at JPMorgan is supposed to be muted in 2011. This banker has grown its banking jobs overall by 7%. Head-hunters say its overweight in most areas, particularly cash equities after pursuing the Cazenove tie-up.

Morgan Stanley

Morgan Stanley is only three quarters of the way through its intended sales and trading recruitment and many believe the bank wants to recruit salespeople and traders, particularly in rates and FX, next year. Recruiters say Morgan Stanley ought to recruit in commodities to be able to replace a team that left for UBS recently so cash equities and equity derivatives will likely be an area with focus.

UBS

As we certainly have noted, UBS has be used up of its budget for new recruitment after some excitable recruitment. However, recruiters say it will have to recruit in 2011, mostly to get rid of people who leave soon after the expected poor bonus awarded this year.