UBS Outsourced Office Open For Business
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Swiss investment bank, UBS, has announced that it is investing SFr50m ($40m) on a newly opened office based in Hyderabad, India.
Delivering research and analytics services as well as transaction and data processing and IT infrastructure support the centre is reported to have already recruited 180 staff. This is expected to rise to 500-600 employees by the end of the year before expanding to over 1000 in 2007.
As reported by finextra.com, Seth Cohen, UBS Head of Offshoring, told reporters that including the amount already spent on facility the SFr50m investment covers infrastructure, management and IT costs.
As reported by finextra.com, Seth Cohen, UBS Head of Offshoring, told reporters that including the amount already spent on facility the SFr50m investment covers infrastructure, management and IT costs.
