Investment bank Credit Suisse (CSGN.VX) will set up an in-house outsourcing centre in Mumbai, the Economic Times reported on Monday.
“Initially, the captive will focus on KPO (knowledge process outsourcing) but over a time will include other areas too,” Vineet Nagrani, Managing Director and head of knowledge process strategy at Credit Suisse, told the paper.
The investment bank will also work with third-party vendors such as Wipro (WIPR.BO), he told the paper.
In Pune, near Mumbai, the investment bank has a virtual captive unit that works out of a Wipro facility and employs around 2,000 people, the report said.
Source:http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSBOM36472020091130
