19 October 2017
visit www.response.ncr.com

BNP Paribas sets up Indian BPO joint venture

06 November 2008  |  7213 views  |  0 blurry people

BNP Paribas Securities Services is to set up a back office processing joint venture in India with Sundaram Business Services, the business process outsourcing arm of financial conglomerate Sundaram Finance.

The Sundaram BNP Paribas Securities Services joint venture will be 49% owned by the French bank and 51% owned by SBS.

The business will be headquartered in Chennai and will provide fund accounting and transfer agency services to both domestic and off-shore investors in India. BNP Paribas will additionally provide banking facilities to the new entity.

The transaction is expected to be completed in the first quarter of 2009.

The latest initiative follows the establishment in 2005 of a similar partnership between the two to provide asset management and housing finance services with the Sundaram Group.

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

Wipro leads race to bag Citi Indian tech arm - Economic Times

Wipro leads race to bag Citi Indian tech arm - Economic Times

04 November 2008  |  9627 views  |  0 comments
TCS to buy Citi Indian BPO unit for $505m

TCS to buy Citi Indian BPO unit for $505m

08 October 2008  |  6556 views  |  0 comments
Nomura to buy Lehman Indian BPO operations

Nomura to buy Lehman Indian BPO operations

06 October 2008  |  8715 views  |  0 comments
Crunch to hit Indian BPO industry but opportunities await

Crunch to hit Indian BPO industry but opportunities await

30 September 2008  |  5896 views  |  0 comments
Atos Origin inks BNP Paribas outsourcing deal

Atos Origin inks BNP Paribas outsourcing deal

09 January 2008  |  10336 views  |  0 comments
BNP Paribas takes minority stake in Natixis securities clearing unit

BNP Paribas takes minority stake in Natixis securities clearing unit

17 July 2007  |  6352 views  |  0 comments
BNP Paribas creates 370 new jobs in Scotland

BNP Paribas creates 370 new jobs in Scotland

01 June 2007  |  8202 views  |  0 comments

Related company news

 

Related blogs

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

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15814 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8953 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8050 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7146 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6287 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job