UBS Opens Second Support and IT Centre in India

[kreslik.news]

Swiss banking giant UBS has opened a 1,200-seat support centre in Mumbai, the second in India, as it aims at doing 60% of its technology and operations work in-house, a move that could take work away from Indian IT companies.

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Switzerland’s largest bank has always keen to invest in IT and BPO services. For example, UBS allocated more than $1 billion last year to standardise an IT platform across its wealth management business. But this trend by Asia’s largest wealth manager, however, didn’t benefit the Indian IT sector, ... (read more)