![]() “The number of people working in technology roles at Barclays has grown by more than 10 per cent in the past two years which is testament to the compelling proposition we offer,” Ashton-Rigby said. In emailed statements, Barclays’ chief operating officer Mark Ashton-Rigby and a spokeswoman for Lloyds – which was recently ranked second in a LinkedIn list of the UK’s top 25 employers – each pointed to the importance their banks place on workplace culture. Challenger bank Monzo has also hired 32 former staff from Lloyds Banking Group and 27 from Barclays. Some 38 HSBC employees have gone to Revolut and 21 to Monzo Bank. A representative for the bank declined to comment.Įlsewhere, some 28 workers have gone from Morgan Stanley to Coinbase and 12 to Wise which has almost 400 jobs available, according to a company spokeswoman. To be sure, the numbers of staff leaving for fintechs and startups are small in comparison to the overall numbers employed in major financial services firms or Silicon Valley tech giants. Another 21 Goldman staff joined corporate credit card startup Brex while 18 went to SoFi Techologies, the fintech firm led by former Twitter executive Anthony Noto. Goldman Sachs saw 37 staff move to Coinbase, the largest US-based cryptocurrency exchange, from January 2020 through April 2022. She cited a better work-life balance, improved pay and better career prospects as key drivers. “People have stopped and re-evaluated what’s important to them,” Lisa Simon, economist at Revelio, said in an interview. The growth in highly qualified staff switching to roles in new sectors comes as tight job markets allow many tech employees to change jobs, seeking higher salaries and more flexible routines. ![]()
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