New vacancy numbers in London’s financial sector continue to grow rapidly. Recruitment agency Morgan McKinley’s survey of middle and back office staff shows that demand is outstripping supply by a significant margin. “A war for talent has been raging in The City for the last two years and it shows no sign of dissipating,” Robert Thesiger, COO of Morgan McKinley Told WealthBriefing. “Job numbers were up 27 per cent in April compared with same month in 2006.” Mr Thesiger said M&A activity is buoyant which is inflating bank profits. “We are seeing demand growing in all the functions we surveyed including risk management, credit control and compliance.” New job vacancy numbers overall were up for the third month this year. It is the ninth time this has been the case in the last 12 months. Candidate numbers rose by 15 per cent during the same period, so demand is still significantly outweighing supply. Despite this, the average City salary has remained steady month on month at £51,159, down 0.2 per cent on March.