Areas we cover

Commercial Banking
Corporate Banking
Trade Finance
Factoring
Invoice Discounting
Asset Based Lending
Asset Finance
Acquisition Finance
Property Finance
Leasing

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July Newsletter

IIn this issue:

News & Comment
Selected Vacancies

News & Comment

Welcome to the July edition of the CRS newsletter. At CRS we recognise that in the search for the right career or the right talent to take your business forward that it pays to be in the know.

Our quarterly comment on the recruitment and financial services market contains news and views which we hope you find invaluable and will go someway to help you make clear and informed decisions on any future career opportunities.

We also expect to keep you fully up to date with developements at CRS.

CRS Opens its Flagship Northern Office!!!

CRS are delighted to announce that we have just opened a new office in South Manchester, this has been the culmination of 2 years building the foundations of a diversified recruitment solutions group and will give us enough space to provide a broader recruitment solution to the market. We expect to be able to service a wide base of sectors and clients with the same exacting standards as we always have done but be able to develop a deeper understanding of those clients.

We expect to move into those offices formally in the early part of August and use that business model to then further develop our presence in the London markets early in 2009.

New Consultants Join the Team!!!

We would like to introduce the following professionals who have joined CRS over the past few months, bringing new expertise and experience to the team:

James Hardy, Senior Consultant (Banking)

James joined the CRS team in April 2008. After completing a HND in Business & Finance he embarked on a career in the Royal Marines. In 2001 James worked for ATA Selection, assisting in the growth and success of ATA's Sales & Marketing team in the North West, he then took on the challenge to set-up the Banking and Financial Services team in the North for Imprint plc, focusing on middle to senior management retained search within the UK and European Corporate Banking.

Elizabeth Apted, Consultant (Banking)

Liz joined the team in June 2008. Since graduating from the University of Manchester with a BA(Hons) in Politics & Modern History and an MA in International Relations she has worked in the public sector as well as in recruitment.

David Carbery, Consultant (Banking)

David joined the team in June 2008. After graduating from the University of the West of England in Bristol with a degree in Engineering in 2006 he went into property development as a land buyer and project manager. David is a keen rugby player who captained his university team and is an avid follower of football.

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What Crisis!...Marie Woodcock is a Senior Managing Banking Consultant at CRS and comments on the difference between the media reporting and the reality of the credit crunch...

What Crisis?

We find ourselves in uncertain times; the banking market is experiencing a crisis of confidence on a scale never seen before. Rumours abound that the US economy is on the brink of recession, with the rest of the globe just a step behind: Surely there is trouble ahead?

But before we all pack up and go home (assuming you've still got one) I would urge you to reconsider ...

It is a truth universally accepted that where one door closes, somewhere another one opens. There will be companies - banks even - that benefit from these unusual market conditions. It would be wrong to assume all financial institutions are in the same position, not all banks rely on the financial markets for their funding and so those that 'supply' themselves should weather this storm relatively unscathed.

Even amongst those that do not borrow, there are varying degrees of exposure to the markets. With increased globalisation and international trading in goods/services and money, world reliance on an upbeat US economy may not be as vital today as it once was and effects of any down turn therefore reduced.

Alternative types of funding such as; Factoring/Invoice Discounting; Asset Based Lending, and Supply Chain Finance will emerge triumphant as 'traditional' funding routes tighten criteria and businesses seek a more flexible approach.

So what does this mean for the job market? In relation to financial services we at CRS believe a greater flexibility will be required from clients and candidates alike. There will always be a requirement for quality candidates, now more so than ever. Having transferrable skills in relationship management, new business development, and credit and risk will remain vital but those with a breadth and depth to their skills - across sectors within financial services or outside of the industry altogether will certainly hold the advantage.

So we pose the question to you: What are you doing to up-skill and prepare yourself for the challenges you will face in the coming months?

Whatever your view on our current situation, economics is about confidence. True confidence comes with knowledge, experience and the bravery to push yourself beyond your current limit. Any downturn will eventually bottom out and fresh recovery commence. What we learn now will help in the months, years and decades ahead. How will you apply it?

Come and talk to CRS about transferring your skills!

Marie Woodcock, Managing Consultant, CRS Ltd

mwoodcock@crsltd.info