UK banks lift Robert Walters

8th Apr 2010 07:54

A revival in UK bank recruitment and good growth in Far East has sparked an upturn in the fortunes of recruiter Robert Walters.Overall, fee income in the three months to March rose by 30 to £32.6m (2009: £25.0m), driven by 63% jump in Asia Pacific to £14.9m (2009: £9.2m) and a 23% rise in the UK to £10.1m (2009: £8.2m). Europe fell 7% to £6.7m (2009: £7.1m), while US& South Africa jumped 89% to £1m."We have seen a significant improvement in recruitment activity in the first quarter, with Asia Pacific in particular delivering a very strong performance," chief executive Robert Walters commented. "The group is also benefiting from increased hiring activity in the UK particularly within the banking sector, however trading conditions remain challenging across some markets in Europe," he added.