Want to go and work on Wall Street? If the number of European banks with US aspirations is anything to go by, there's never been a better time to try.
"The number of European financial institutions expanding their reach in the US is growing at an ever-increasing rate," says Ken April of US financial recruitment firm April International.
So which banks are expanding across the pond? Calyon recently announced its intention to double its US revenues to 40% of total sales within two years and is adding to its equity derivatives and M&A teams.
UBS and Deutsche Bank are already well established in the US, but Deutsche for one is in expansionary mode in the country. The German bank has told its investors that building a top North American M&A team is a key priority.
After hiring avidly, BNP Paribas and Soc Gen now have an established presence on Wall Street. Financial News reports that BNP employs 2,400 people in its US corporate and investment banking arm. Soc Gen reportedly employs 1,700.
Nevertheless, BNP has been adding to its US commodities and securitisation teams in the past three months and is likely to continue hiring next year. HSBC and Royal Bank of Scotland are also said to be recruiting.
If you want to make the move, it's best to go for an internal transfer. Michael Hunt of New York-based Tardis Group, a banking specialist search firm, says European banks on the ground in the US are most interested in hiring Americans with local client and industry knowledge.
However, Hunt says talent is also migrating internally from this side of the Atlantic: a hefty segment of management and employees typically come from head offices in Europe.