Manpower Group’s 2019 Net Employment Outlook reported financial advice firms weren’t necessarily looking to expand their businesses right now, but wealth management job recruiter, SUPER Recruiter, has said risk and compliance officers are still in high demand.
SUPER Recruiters’ executive director, Sally Humphris, said the firm was experiencing the greatest demand from businesses seeking to acquire talented and experienced individuals in risk, compliance and governance functions, as well as data security.
“We can’t get enough professionals and are actively seeking well-experienced, proven people,” she said.
Humphris said the consequences of the Banking Royal Commission, combined with economic pressures and changing consumer preferences, meant that wealth managers required better risk and compliance insights.
New research has shown that investing in alternative assets and using active management has, to this point, delivered strong results for Australian super funds.
Australia’s $4 trillion superannuation industry is fundamentally reshaping the nation’s external accounts, setting the stage for a more sustainable current account surplus despite weaker commodity markets.
Rest has expanded its portfolio of renewable energy infrastructure by supporting a Victorian solar farm and battery project.
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.