21 February 2017
Visit dh.com

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

03 September 2012  |  6866 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  |  8360 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  |  11653 views  |  0 comments
Credit Suisse to open second Indian back office

Credit Suisse to open second Indian back office

22 April 2009  |  7684 views  |  0 comments

Related company news

 

Related company information

Credit Suisse

Related blogs

Create a blog about this story (membership required)
visit BNP paribasvisit dh.com

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
17117 views 11 comments | 53 tweets | 87 linkedin
Nesta launches £5 million Open API challengeNesta launches £5 million Open API ch...
10330 views comments | 21 tweets | 19 linkedin
Jaguar embeds payments into digital dashboardJaguar embeds payments into digital dashbo...
10255 views comments | 49 tweets | 58 linkedin
The fintech effect: Banks buy in to benefits of boosting financial well-beingThe fintech effect: Banks buy in to benefi...
9244 views comments | 17 tweets | 12 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
8325 views comments | 17 tweets | 14 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job