21 October 2017
visit www.avoka.com

UBS invests $65m in Indian back office centre

05 July 2007  |  8978 views  |  0 UBS  web screen shot

Swiss investment bank UBS is spending $65 million over two years to expand its back office operations in Hyderabad, India.

The bank said in 2006 that it was spending $40 million on a new back office centre in Hyderabad.

This facility, which is now open, can accommodate 1700 staff and provides research and analytics, business process services - including transaction and data processing - and IT infrastructure support.

Clive Standish, UBS chief financial officer, says the centre "provides our businesses with a flexible and efficient infrastructure to meet their resourcing requirements, reduce costs and streamline processes".

The Swiss bank has now started construction on a second site which will serve as a business continuty base for the bank's Indian operations. This will raise its total investment in the sub-continent to $65 million, according to Reuters.

The new centre, which will be operational in the first half of 2008, will increase the bank's offshoring capacity in India by an additional 750 seats.

UBS also plans to open a near-shore centre in Krakow, Poland in the first half of 2008 which will employ 250 staff. UBS says it chose Poland because of the country's highly-skilled workforce and recent membership of the European Union.

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

Offshore call centres failing to deliver - report

Offshore call centres failing to deliver - report

28 June 2007  |  8062 views  |  0 comments
TT signs UBS to X_Trader

TT signs UBS to X_Trader

22 May 2007  |  5003 views  |  0 comments
Lloyds TSB closes Mumbai call centre; brings work back to UK

Lloyds TSB closes Mumbai call centre; brings work back to UK

02 March 2007  |  19695 views  |  0 comments
Indian call centre worker arrested for HSBC fraud

Indian call centre worker arrested for HSBC fraud

28 June 2006  |  15907 views  |  0 comments
UBS invests SFr50m in Indian back office unit

UBS invests SFr50m in Indian back office unit

26 June 2006  |  6043 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netRegister nowvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9158 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8742 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7860 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7353 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6969 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job