UK Buy Side Compliance & Financial Crime Market Trends

The UK Buy Side sector experienced a strategic shift in 2023, transitioning from extensive hiring to more thoughtful recruitment. Private Equity firms faced a slowdown due to rising interest rates, but impending 2024 regulations may reignite recruitment. Large Hedge Funds and Private Debt firms maintained robust hiring, driven by product line expansion and geographic diversification, particularly in Europe and the Middle East.

Specialised hires, such as ESG (Environmental, Social & Governance) Compliance experts and AML (Anti-Money Laundering) specialists in Private Asset firms, and professionals in Hedge Fund regulatory reporting became more prevalent, signalling a broader trend towards thematic hires.

Short job tenures emerged as a common trend in certain corners of the Asset Management compliance industry, influenced by various factors from significant salary increases to company performance.

The appeal of boutique firms persisted, attracting Compliance and Financial Crime officers from larger institutions.

Many Buy Side organisations advocated for a return to the office, with a new standard of 3-4 days in the office per week becoming common, especially in the Alternatives sector.

For tailored solutions to your hiring needs in the current UK Buy Side Compliance & Financial Crime market, contact Edward today. His expertise and insights can guide you through navigating the current landscape and securing the right talent for your team.

Edward Wacher
Director, Head of Buy Side Compliance, UK
T: +44 (0) 20 3889 5756 E: ewacher@danosassociates.com