The City / Only 10% of bankers and hedge fund workers believed London will create the most new banking jobs over the next 12 months

Confidence in the City of London jobs market continues to weaken as UK bankers increasingly pick Hong Kong, Shanghai and Singapore as the generators of new jobs, according to a report.

A study by recruitment firm Astbury Marsden found that only 10% of  bankers and hedge fund workers believed London will create the most new banking jobs over the next 12 months – down from 22% a year ago.

Three out of four of the 460 people polled said the major Asia Pacific centres of Hong Kong, Shanghai and Singapore will create the most new banking jobs.

Mark Cameron, Chief Operating Officer at Astbury Marsden, said: “The centre of gravity continues to move towards China whilst confidence in London continues to be chipped away.

“When we conducted this same research last year we thought that sentiment towards London was at a low – unfortunately we were wrong…

Choosen excerpts by Job Market Monitor from

via Confidence in City falls as bank jobs shift to Asia – Business News – Business – London Evening Standard.

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