The number of job openings at financial services firms across Europe and the US has slipped in recent months, as banks look to cut thousands of jobs amid slack economic growth in the developed world. Yet in the so-called emerging and frontier markets firms are still hiring.

James Bennett, managing director for Europe, Middle East and Africa and Asia-Pacific at recruitment website eFinancialCareers, says that "there is replacement hiring and not a huge amount of job creation", although there had already been a fair amount of that in 2010 and at the start of this year.