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Goldman to export back office support and research jobs to India

04 February 2004  |  8633 views  |  0 outsourcing_2

Reuters reports that Goldman Sachs is setting up a back office support centre in Bangalore, India, where it expects to employ about 250 people at the end of this year.

Though the centre focuses on support, some jobs involve advanced skills in investment, accounting and analysis, says the report.

"The Bangalore centre is mainly for accounting and technology support and is part of our expansion of functions globally," Edward Naylor, Goldman Sachs spokesman in Hong Kong, told Reuters.

In full-page newspaper advertisements on Wednesday, Goldman said it was looking to hire analysts and researchers in asset management, accounting, equity and treasury operations, investment banking and corporate services.

Advertising for more than 75 positions, Goldman said it had a wide range of jobs in India across multiple businesses.

Goldman's move follows similar efforts by other Wall Street houses to set up equity research outposts on the sub-continent.

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