Securities finance and collateral firms have never seen this situation before: they want to hire but they can’t find people to take the roles. Junior people may be applying but lack some of the basic qualifications that are expected. Mid-level and senior people aren’t applying, and a war for talent is going on across the industry. On the rare occasions when someone moves to another firm, it is often clear that an exciting opportunity is in store, usually building a new desk or service. How can the industry reverse this trend?
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