HSBC to set up analytics team
By Mumbai: | 23 Apr 2004
Mumbai: HSBC proposes to set up an analytics team in Mumbai. The new analytics team, which is to start operations in 2004, will support the group's global investment banking operations. "The analytics team should be based in the suburbs of Mumbai. The number of people needed are still being worked out with our London office,'' said Naina Lal Kidwai, Head (Corporate & Institutional Banking).
"The team of a minimum of 40 staff will have the mandate of generating company analytics as well as industry analytics and will complement our other analytics teams based elsewhere," said John Studzinski, Global Head of Investment Banking and Markets, HSBC Holdings.
Currently, the group's analytics teams are based out of New York, Mexico City, London, Paris, Dusseldorf, Hong Kong and Tokyo. "India has very bright people and cost advantages too. The talent in the country is under-utilised by HSBC and I'm going to set it right,'' he added.
The group employs close to 11,000 staff in India including people in its BPO outfits in Bangalore and Hyderabad.
"The investment banking team is also going to see fresh hiring of 20-25 people from universities. Our headcount will increase by 25 per cent over a five-year period," said Studzinski.
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