Market update – July 21
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It is certainly a time for leaders to work closely with their HR teams who are a great conduit between leadership and teams. Their ability to connect people, to align expectations of differing groups, and to help rebuild culture will be essential for firms who want to avoid the worst of the UK’s own Great Resignation. Many firms have done well in creating culture virtually, but it is no substitute for being together in person. My own advice to firms is to not fight the winds of change, but adopt hybrid working. It isn’t a perfect solution, there will be bumps along the way, but the prize could be excellent.
We’re often asked what trends we’re seeing, and so here’s a very brief round-up: investment banking (M&A) and private equity are still extremely busy, wealth & asset management firms are keen to grow but we expect continued consolidation in these markets, and asset finance has rebounded spectacularly. Assuming COVID can be kept to a manageable level, the City could be in for a great end to 2021 and a very good 2022.
I wish everyone reading this a great August, I hope you manage to enjoy a holiday, and I’m crossing everything that we all enjoy a more normal autumn.
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