Europe’s brightest investment banks Credit Suisse, Deutsche Bank, UBS and Barclays Bank have begun to search for new talent after a long period of restructuring.
The banks’ move to increase headcount is the first since 2015. In 2016, Europe’s top investment banks slashed 12,000 jobs. As part of restructuring plans, Credit Suisse, Deutsche Bank and Barclays carried lay-offs to downsize their workforce.
Last year, Credit Suisse, Deutsche Bank and UBS made advancements in hiring new staff, which shows in their full-year report, according to Financial Times. Barclays also increased staffing in 2017.
The second half of 2017 saw Credit Suisse, Deutsche Bank and UBS overall include 3,000 jobs, and Barclays add 2,500 in the same year, excluding Africa. Towards the end of 2017, the staff recruitment by all four banks totalled 285,500.