International Recruitment Consultancy Takes Advantage of Banking Sector Recovery

NEW YORK, May 4, 2010 /PRNewswire/ -- The major banks are slowly ramping up investment on recruitment, an indication that recovery for the global banking sector may well be on the horizon.

Over the past quarter, Huxley Associates, a leading financial services recruitment consultancy, has recorded an average rise of almost 10% per month in the number of placements it has made in the banking sector, across its network of offices.

This positive changing face of global banking has facilitated the opening this week of the company's first office in Delhi, a venture that will respond to the demand from the banking community for high level banking technology professionals in the region.

Globally the number of placements that Huxley Associates has made has increased slowly but steadily on a monthly basis since January and looks set to continue. This thawing of the international recruitment freeze imposed by the majority of the major financial institutions is a sure sign that the sector is beginning to recover.

Furthermore, Huxley's expansion into India at this time will enable the consultancy firm to develop its service further to global financial institutions, as the Director at Huxley New York, Morgan Kavanagh explains:

"This is another piece of very positive news. It's great to see Huxley Associates continuing to deliver on its aggressive growth plans. Our increasing global reach enables us to deliver our dedicated service at a local level to meet the needs of global organisations who are increasingly looking for multi-shore staffing specialists. "

This latest venture follows demand in India for a specialist recruitment consultancy that can deliver a client-focused model and source senior banking technology candidates from all over the world. While there are many high-volume, low-level staffing agencies in the country, Huxley Associates is among the first senior-level specialist recruitment consultancies with a global reach to establish a local presence in the region.

Annil Chandel, India Country Director at Huxley, said: "Our increasing global reach makes us a more serious contender at a local level and we are confident that we will soon develop a solid reputation with client companies across India."

About Huxley Associates

Huxley Associates is a leading international recruitment consultancy in banking & finance as well as other sectors, with offices in 10 countries across North America, Europe and East Asia.

http://www.huxley.com

SOURCE Huxley Associates