According to a recent report published by Imas-Insight, a financial data provider, the number of people working in the UK’s financial sector has slumped to its lowest level in seven years following wide-scale job culls across the sector.

The FSA register shows a slump with more than 12,000 people from various sectors wiped off the register, a 7% drop since February 2008.

Nomura, Royal Bank of Scotland, UniCredit and Aviva Investors were amongst those who announced redundancies in recent months. Meanwhile, other firms have also been quietly reducing staff levels, according to the FSA register.

Macquarie, The Australian M&A Advisory bank, has cut the number of FSA-registered staff in London to its lowest level in six years.

However, there are some firms in London which are still hiring, with equity research analysts some of the most sought-after positions.

Our consultants are seeing lots of opportunity right now with boutiques and mid-market firms, looking to pick up talented individuals.