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If you are interested in placing or being placed as a permanent employee in financial services or property, simply click here. If you are interested in placing or being placed as an Executive Contractor, in Australia, Asia or elsewhere, simply click here.
Australian banks lending responsibily throughout GFC

The Australian banks have emerged from the GFC as beacons of responsible lending at a time when European and US banks pulled back to focus on their home markets. The power shift has provided the big four opportunities to exploit the situation and have moved quickly to widen their interest rate margin – difference between their cost of funds and interest rate charged to customers.

 

 

The opportunity to rake in profits by widening the spreads on foreign exchange and interest rate hedging transactions was also quickly enacted.

 

 

The result is a massive spike in profits for Australia’s big four.

 

The GFC also saw them swallow the mortgage lenders such as Wizard and RAMS resulting in a larger slice of the lucrative home lending segment. Further, the takeover of St George by Westpac and Bendigo and Adelaide by Commonwealth further reduced competition and prompted Gail Kelly to raise Westpac’s home lending rate by almost double the 25 basis point increase by the Australian Reserve Bank. The justification by Kelly was one of the best for a while – claiming it was winning too much of a share of the home lending market.

 

 

The hunt is on for talented candidates with skill sets and experience to assist the rapid growth of these Banks. A number of prime positions are currently available and if you are currently working in Europe or the USA, contact Partner Grant Movsowitz on +61 410 605 020.

 

 

T+O+M also are seeking candidates for Asia – interested contact Partner Ben Tallentire on +65 8111 0598 or +65 6526 1636.
T+O+M launches in Melbourne
Following on from six highly successful years in Sydney delivering executive search mandates for Financial Institutions, T+O+M’s Partners Ben Tallentire, Richard O’Flynn and Grant Movsowitz have announced the opening of an office in Melbourne, Victoria.
T+O+M Singapore expands
Two new staff have been added to help the rapidly expanding office. Partner Ben Tallentire said targets for the first operating year were met and that the growth in the Singaporean middle and back office markets would continue because of a range of Investment Banks making Singapore their regional hub.
Australian banks lending responsibily throughout GFC
The Australian banks have emerged from the GFC as beacons of responsible lending at a time when European and US banks pulled back to focus on their home markets.
Asian office begins with a bang!
T+O+M's Singapore office opened its trading with two above-target months in October and November and featured placements in major international banks.
Australia on top
The recently relased Mid-year Economic and Fiscal outlook has confirmed the Australian Federal budget in May was too pessimistic.
Australian job figures for August
Employment fell by 27,000 in the month and comes after a 34,000 rise in July, reflecting volatility in these numbers which show little underlining trends. The unemployment rate has held steady at around 5% for the past six months.
Upside Surprises
The global recovery is looking decidedly V shaped. The initial phase of the recovery is being driven by an inventory rebuild, but the evidence for a pick-up in final demand is mounting: just look at global car sales and the turn in the US housing cycle now starting to get underway.
T+O+M opens office in Singapore
Announcing the opening of their Singapore office, the Partners of T+O+M foreshadow the emergence of the successful Australian Financial Services Recruitment Company to a broader role in the Asian region.
T+O+M Partner returns from Asia.
Ben Tallentire returned from a visit to Singapore last week having spent time assessing the impact of the financial crisis in the Republic.
Future brighter for Aussie Banks.
The reporting season is now well underway and of the twenty eight major companies reported, ten of them have exceeded expectations – the largest surprise came from CBA – Commonwealth Bank of Australia – which predicted a first half profit for ’09 of aud $2billion
T+O+M bullish about the future.
T+O+M see early signs of a Financial sector recruitment stirring. Arguably, more closely linked to Aussie banks than most other recruiters, T+O+M sees early signs of recruitment activity.
The new reality
In an unsure world, Australia is making impressive economic moves to help lessen the impact of a global recession...