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IPS says fear of change is blocking recruitment

Recruitment is being blocked in the financial services sector, says David Thompson, head of IPS Financial Services Recruitment for the north.

The rash of mergers and buyouts is making potential candidates wary of moving companies for fear their job descriptions will be subject to change.

In two months at IPS in Leeds, Thompson has built up a portfolio of more than 100 vacancies at executive and managerial level and is looking for candidates to fill them.

Thompson says: “We have seen a rash of banks buying brokers, as in the case of Barclays. Recruits to such companies have found themselves working for a bank, which may not have been their career paths at all. People are sitting tight to see what happens.”

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