JPMorgan Chase to Strengthen Offshoring to India

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00018614-jpmorgan-chase-to-strengthen-offshoring-t/

In yet another instance of international businesses moving operations to India, American banking giant JPMorgan Chase plans to hire 4,500 staff in India over the next two years with an aim to move 30 per cent of its back office and support staff at its investment bank offshore by the end of 2007.

The plans are being seen as the most ambitious move till date by an international investment bank to take advantage of the low cost of highly educated staff in India.

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