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December 3, 2021updated 12 Jan 2022 11:57am

Europe is seeing a hiring boom in private banking industry digitalisation roles

By Emil Filipov

Europe was the fastest growing region for digitalisation hiring among private banking industry companies in the three months ending October.

The number of roles in Europe made up 4.5% of total digitalisation jobs – up from 2.6% in the same quarter last year.

That was followed by Middle East & Africa, which saw a 0.7 year-on-year percentage point change in digitalisation roles.

The figures are compiled by GlobalData, who track the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData's thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries.

These key themes, which include digitalisation, are chosen to cover "any issue that keeps a CEO awake at night".

By tracking them across job advertisements it allows us to see which companies are leading the way on specific issues and which are dragging their heels - and importantly where the market is expanding and contracting.

Which countries are seeing the most growth for digitalisation roles in the sector?

The fastest growing country was the United Kingdom, which saw 2.6% of all digitalisation job adverts in the three months ending July last year, increasing to 4.5% in the three months ending October this year.

That was followed by Australia (up 0.8%), Canada (up 0.799999999999999%), and South Africa (up 0.7%).

The top country for digitalisation roles in the private banking industry is the United States which saw 58 per cent of all roles in the three months ending October.

Which cities are the biggest hubs for digitalisation workers in the private banking industry?

Some four per cent of all private banking industry digitalisation roles were advertised in Toronto (Canada) in the three months ending October - more than any other city.

That was followed by York (United States) with 4%, Singapore (Singapore) with 1.8%, and Hyderabad (India) with 1.8%.

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