Talent in banking
Hosted by Deloitte
April 21 2015
Tim Clayton-Ball & Margaret Doyle (Deloitte)
Anne-Marie Annes (Citi)
Catherine Green (Deutsche Bank)
Alex Fraser (ifs University College)
- Survey - Talent in Banking Survey 2014 (Deloitte)
The foreword to Deloitte’s latest survey on graduate recruitment in banking says it all: “It has been more than six years since the collapse of Lehman Brothers, which brought the financial system to its knees and forced the big banks in the US and Europe to turn to their governments for help.” Since then, managements have been focused on ‘fixing the bank’ – but they have also worked hard to restore their image and to change their culture, not least by changing the way (if not the amount) they pay staff.
One good way to test whether this is working is to look at graduate recruitment. Is banking still an industry that the brightest students want to enter? And, if they do go into banking, what do they expect? How do their expectations match up with their career goals? And is the picture consistent across the various countries from which the global banks recruit their talent?
These are the sorts of questions that Deloitte’s annual Talent in Banking survey seeks to answer – and its latest edition offers answers that are both disturbing and surprising. It also provides an anchor for what I hope will be a lively discussion about the future of an industry on which most of us are dependent, one way or another.
I am, therefore, delighted that two of the Deloitte executives who were most closely associated with the Talent in Banking survey have agreed to present its findings:
- Tim Clayton-Ball is the partner in charge of personnel development and growth in financial services, focusing on behavioural change management and HR optimization.
- Margaret Doyle is the partner in charge of financial services insight in the UK. She has been a columnist for ReutersBreakingViews, a staff writer on The Economist and the Daily Telegraph and editor of Economist.TV. And she has an MBA from Havard.
The question then arises just how credible the report’s findings are – and how they are likely to affect both the supply of graduates and the demand for them. I am, therefore, equally delighted that we have representatives from banking and academia to kick off the response.
- Anne-Marie Annes is the head of learning and development at Citi, with responsibility for entry-level development across the global franchise. She joined Citi in 2011 from the Institute of Bankers in Ireland.
- Catherine Green is the regional head of UK and European graduate recruitment at Deutsche Bank.
- Alex Fraser has just been appointed Principal of ifs University College – the Chartered Institute of Bankers as was, which has now transmogrified into a full-fledged degree-giving institution. Prior to joining ifs, he spent six years as chief operating officer at Cass Business School.