Nearly two-thirds of director-level staff working at investment banks, private equity firms and fund managers in the City of London are hoping to get another job within a year, according to new research by headhunting firm Astbury Marsden.

The firm, which surveyed 900 staff at City institutions and published its findings on October 31, found that 63% of directors were planning to move jobs within 12 months, while 25% felt that they didn't get enough recognition for the work they do and more than one in five were dissatisfied with their pay.