Only one in eight (12%) City finance professionals are committed to staying with their current employer this year, according to the latest survey by eFinancialCareers.

More than half (52%) of those polled say they definitely intend to move to a new employer this year, and a further 36% intend to jump ship.

For a third (34%) this means considering working overseas, with Hong Kong and Singapore being the most popular destinations. However, most (52%) say they would prefer to stay in the UK.

However, competition for talent is heating up. Forty-six per cent of those surveyed said they had received more calls from recruiters so far this year compared to the same period last year — only 14% said the number of calls was down compared to last year.