23 January 2017
visit http://www.wolterskluwerfs.com

Credit Suisse shifts back office jobs from Singapore to India and Poland

03 September 2012  |  6840 views  |  0 blurry people

Credit Suisse is shifting dozens of back office jobs from Singapore to India and Poland in a bid to cut costs, according to the Financial Times.

Citing sources, the FT says that the move is part of the Swiss bank's SFr3 billion money saving programme.

Home to Credit Suisse's Asian private banking business, Singapore is a major wealth management hub but several banks have recently sought to switch back office roles such as IT and credit risk to cheaper locations.

Last month Morgan Stanley moved 80 back office positions from the country to Indian ad Hungary.

Separately, RBS-owned insurance provider Direct Line, is set to cut jobs as part of a plan to make £100 million in cost savings by 2014.

The effort comes as RBS prepares to hive off Direct Line in an IPO later this year as part of the 82% taxpayer-owned bank's bailout deal.

Credit Suisse moving some Singapore jobs - FT

KeywordsINSURANCE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

RBS to axe 400 Direct Line jobs - BBC

RBS to axe 400 Direct Line jobs - BBC

26 August 2010  |  8345 views  |  0 comments
Direct Line and Intelligent Finance on the block in UK banking shake-up

Direct Line and Intelligent Finance on the block in UK banking shake-up

03 November 2009  |  11636 views  |  0 comments
Credit Suisse to open second Indian back office

Credit Suisse to open second Indian back office

22 April 2009  |  7668 views  |  0 comments

Related company news

 

Related company information

Credit Suisse

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextravisit wavestone.co.uk

Top topics

Most viewed Most shared
US fintech firms join forces to push data sharing via APIsUS fintech firms join forces to push data...
9755 views comments | 57 tweets | 51 linkedin
HSBC forms tech advisory boardHSBC forms tech advisory board
6906 views comments | 22 tweets | 23 linkedin
hands typing furiouslyBlockchain: Securities market infrastructu...
6069 views 0 | 3 tweets | 2 linkedin
Wells Fargo Digital Lab offers a front-row seat to the future of bankingWells Fargo Digital Lab offers a front-row...
6036 views comments | 18 tweets | 17 linkedin
New York regulator blasts OCC over bank charter plan for fintech firmsNew York regulator blasts OCC over bank ch...
5988 views comments | 21 tweets | 15 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job