A well-known headhunting outfit, Korn/Ferry, says that demand for executive financial services talent has really soared, even with all the controversy over executive pay and bonus restrictions. Domestic banks are certainly stepping up their activity. But the most active recruiters now may be foreign banks, other than British banks of course.

Recall that Britain intends to tax the bonuses of bankers at 50 percent. But companies elsewhere see the U.S. as prime pickings for talented executives, notes Reuters. They can lure them with the fact that there are much less onerous government pay restrictions in their countries. The TARP banks are apparently suffering the most. I expect we'll see more executives leave their big-bank posts to jump back into the re-liquefied hedge fund industry or perhaps work at a boutique. No doubt the recruiters are looking at a golden season. Don't be surprised if you get a phone call. 

For more:
- here's the Reuters article

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