WASHINGTON - Headhunters were out in force at the Investment Company Institute's annual meeting, which wrapped up on Friday. The conference drew 1,900 participants from around the mutual fund industry, making it prime territory for recruiters.
One firm - Primary Group Inc. - had at least four people working the crowds at the receptions and exhibit halls. Prospective employers and corporate recruiters alike said job opportunities were abundant. "This is a zero-unemployment business," said one mutual fund executive.
Bisys is one employer increasing its work force. Charles Mohr, president of investment services, said the Columbus, Ohio, company's mutual fund services division is looking for 20 to 30 fund accountants and 20 to 30 transfer agents to keep up with demand from its clients as they expand operations domestically and abroad.
Several mutual fund companies are said to be doubling or even tripling their staffs of wholesalers, both external and internal.