One of Wall Street's top recruitment firms identified the key trends in hiring

"The tools and their applications are rapidly becoming mainstream. Their advanced statistical techniques enable firms see past the noise in the conventional recruitment process.

"Firms can now find previously obscured patterns and uncover hidden value—invaluable at a moment when the conventional talent pool is proving inadequate to a dramatically transforming financial-services industry.

"'Talent modelling' tools, for example, can directly address strategic questions like the probability of success for specific kinds of talent under different kinds of hypothetical scenarios."

"The subject of hacking is on everyone's minds as the new year begins. At financial services firms, the traditionally inward looking role of the Chief Information Officer as the defender of client and company data is acquiring a new strategic centrality."

"The trend is driving an enrichment of intellectual capacity among average employees. The phrases "back" and "middle" office will lose cachet."

"National and regional commercial banks are creating robust technological service offerings. Banks are limiting sales-force expansion and decreasing headcount focused on opening accounts, such as retail banking.

"Tech marketing teams will replace conventional sales professionals like wealth managers and retail bankers. Expect expanded hiring in technology roles in place of hiring more retail staff."

"Thousands of UK finance workers will be affected by the vote. London's place as the premier financial center in Europe will be out at risk. The result will be a more evenly dispersed human-capital approach across Europe as Frankfurt and Paris emerge as beneficiaries."

"The election of Donald Trump with his message of renewed growth appears to have fundamentally challenged the psychology of global markets. There is a sesnse that the recent period of constrained macroeconomic growth has come to an end. Only time will tell."

"By the fourth quarter of 2016, investors redeemed $77 billion out of what was a $3 trillion hedge-fund industry.

"According to eVestment, in October alone, 61% of funds recorded net outflows as large investors went in search of high-capacity beta. Both parties found themselves in need of new talent-management strategies—in the case of long-only managers, to capitalize on their windfall, in the case of hedge funds, to win their clients back."

"Heading into the fourth quarter of 2016, the average return of all hedge funds was flat to negative for the third year in a row. Promiment US hedge fund managers went on record about their concerns about the thinness of talent pools, pronouncing themselves "blown away" with the difficulty of procuring the level of talent they are seeking.

"Meanwhile, pay levels remain eye-popping even by the standards of financial services. Hoping to regain their mojo, a number of prominent funds looked outside the industry for senior hires, like aerospace and software design."

"The oldest baby boomers turned 70 in 2016. Millennials—anyone born after 1980—are taking center stage as clients and employees of financial-services firms.

"As they enter the most dynamic phase of their adult lives, millennials will be building college funds and retirement nest eggs. To a degree unprecedented in history, they will have inherited wealth as their baby-boomer parents pass from this earth.

"To appeal to this generation, traditional firms have to create an entirely different approach to address millennials' unique values about work culture and personal motivation, and also how and what medium that is communicated to them."

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