U.S. banks 2021 hiring show lenders are seeking talent far beyond Wall Street

　　div classBodysc17zpet90 cdBBJodivpBy Elizabeth Dilts Marshallp

　　pNEW YORK Reuters – More than half of the new employees banks and other financial services companies hired in 2021 are based in Orlando, Dallas and other cities – far from Wall Street – as the battle for talent pushed companies to cast a wider net for candidates, according to a study published on Thursday.pdivdivdiv classBodysc17zpet90 cdBBJodiv

　　pGlobal real estate management company JLL, which manages office buildings for many of the worlds biggest banks, found that 51 of all finance jobs filled last year were in Orlando, Dallas, Austin, Tampa, Indianapolis, Nashville, Seattle, Charlotte, Atlanta and Miami. p

　　pThis marks a notable shift from before the pandemic when financial firms were just beginning to build hubs in secondary markets like Salt Lake City and Charlotte, the report said. p

　　pDallas and Austin saw more than 6 growth in the financial services sector in 2021, with nearly half a million people working in that field in those cities. p

　　pBanks are facing stiff competition when hiring for technical and management jobs, said Sanjay Rishi, the head of JLLs Americas works business.p

　　p“The drive to find talent is the big challenge,” Rishi said. “They have to source it from not just the traditional cities they have sourced from, but also these tech cities like Austin.”p

　　pTesla Inc, Oracle Corp and Hewlett Packard Enterprise all moved headquarters to Austin in recent years from highertax states like California.p

　　pThe shift in recruitment patterns are occurring as some Republican states like Texas target corporate practices that lean on or take sides on progressive cultural themes like fossil fuel lending curbs. p

　　pLast year, Texas banned state entities from working with companies that discriminate against firearms or fossil fuel companies, leading some banks to pull back from the municipal bond business there.p

　　pMore recently, companies like Citigroup Inc have started covering travel costs for U.S. employees seeking to access abortion services outside states where it is tightly restricted. [L2N2VJ2DE]p

　　Reporting by Elizabeth Dilts Marshall Editing by Bernard Orrp

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