Banks eye buy-side dealers

Although moves from the sell side to the buy side are well-documented, the reverse trend has yet to take off. But this is not due to lack of demand from the banks, said market participants, but rather because it is often difficult to tempt a buy-side dealer to the ‘other side’.

"Demand for buy-side staff is increasing as banks seek to meet their clients’ needs, and salaries are rising as a result," said Simon Head, principal and head of FX search at recruitment firm Alexander Mann in London.