Within the superannuation sector, recruitment activity has continued at the Senior Analyst level as funds selectively invest in internal capability and succession planning. There has also been some notable movement at the Chief Investment Officer level. These moves reinforce the importance of leadership succession and long-term investment capability across the industry.
Larger Super funds continue the expansion of offshore investment teams, which has moderated some domestic hiring activity, particularly at the more senior end. While opportunities remain, recruitment processes have become increasingly targeted and selective.
Family offices continue to represent one of the strongest areas of demand. Hiring activity has remained buoyant across all levels, with firms seeking investment professionals who can operate across multiple asset classes and bring broad portfolio management experience to increasingly sophisticated investment mandates. Generalist investors with multi-asset capability are attracting strong interest, particularly within family office and boutique investment environments.
Traditional active fund managers have experienced relatively subdued conditions, with overall recruitment activity remaining relatively flat. However, private debt remains a notable exception, with strong demand for investment professionals across a range of seniority levels as firms continue to expand their capabilities and investors allocate increasing capital to the asset class.
Alternatives continue to be one of the most sought-after areas of expertise. Demand for professionals with experience across private markets, infrastructure, private credit and other alternative investments has remained robust, particularly within wealth management and family office environments as investors seek greater diversification and differentiated sources of return. More broadly, private markets capability remains a strategic priority across superannuation funds, wealth managers and family offices
The ESG job market has experienced significant shifts in recent years. Following a period of rapid growth, particularly in financial services, the pace of recruitment has now stabilised. While new role creation has slowed, organisations continue to backfill key positions, indicating sustained demand.
The most sought-after ESG skills include ESG integration, reporting, due diligence, and strategy development. The introduction of the Australian Sustainability Reporting Standards (ASRS) by the Australian Accounting Standards Board (AASB) has driven a notable increase in demand for sustainability reporting roles across sectors. In response, many organisations are engaging external consultants to support the initial implementation of reporting frameworks, ensuring compliance with emerging regulatory requirements and reporting timelines.