Banking recruitment begins to recover

RECRUITMENT firm Michael Page is hiring staff again in the banking sector and expects Asia and Latin America to lead an improvement in demand for workers this year.

Earlier this week, leading job agencies Adecco and USG People also said companies were starting to hire again.

"We are hiring generally in banking around the world and in geographies it would be Latin America, Asia and Australia," Michael Page chief executive Steve Ingham said yesterday.

The company said last year had been one of the most challenging in its history as it operating profit fell 86 per cent to 20.2 million.

Ingham said Britain was the only one of its four markets not to be showing growth, although it had stabilised.