More bankers volunteering

Recession and insecurity prompts professionals to offer services to charities

Increased numbers of bankers are offering their professional expertise to charities on a voluntary basis because of insecurity in the financial world, according to a management consultancy charity.

The Cranfield Trust, which pairs commercial sector managers with charities in need of professional services, said it had seen a threefold increase in the overall number of volunteers during the past two months.

Amanda Tincknell, chief executive of the Cranfield Trust, said: "Mergers and takeovers are happening in the banking sector, so there is a hiatus in normal activity while new roles are being mapped out. This means bankers have more time to take on voluntary work.

"Job insecurity is also key. Taking on voluntary work is a good way to keep your CV active at an uncertain time."

Human resources managers, strategic planning advisers and marketing consultants had also volunteered in increasing numbers since the beginning of the year, said Tincknell.

"Many of these wouldn't consider volunteering if they were busy, but during quiet times they're more willing to work with charities," she said.

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