Key facts
- Hedge funds are actively recruiting talent in the Middle East's financial hub.
- The average compensation for European ETF talent has reached $340,000.
- Roles in legal, risk, and compliance have seen some of the largest pay increases.
- The competition for talent is described as fierce.
The competition for talent within the European Exchange Traded Funds (ETF) sector has escalated, driving average compensation to $340,000. This fierce competition is particularly evident as hedge funds actively recruit from one another within the Middle East's primary financial centers. Significant pay increases have been noted for professionals in legal, risk, and compliance roles within the ETF industry. Trading giant Susquehanna is reportedly offering top interns $8,600 per week, highlighting the high demand for skilled individuals. RBC is also looking to expand its European workforce, while BlackRock's hedge fund chief has transitioned from the White House to the world's largest asset manager.