The number of people employed in the financial services sector increased by around 11,000 in the second quarter - the fastest growth rate since the financial crisis, research suggests.
According to the latest CBI/PwC financial services survey, the number working in the sector increased for the first time since September last year and at the fastest pace since 2007.
Firms expect the growth trend to continue with the highest hiring expectation recorded since June 2007, the research found.
Volumes of business across the sector also increased over the three months to June but at a slower pace than the last three quarters.
"The financial services sector continued to recover over the past three months, but with slower volume growth, following three stronger quarters," said CBI chief economic adviser Ian McCafferty.
"What is heartening is the unexpected, strong rise in numbers employed in the sector, the fastest since the financial crisis began in 2007. "
Business volumes grew across all the sub-sectors apart from banking and securities trading, where volumes fell, and insurance broking which was flat.
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