UBS handed over its only IT captive unit in Hyderabaad, India to Cognizant Technology Solutions (CTS) and transferred 2000 plus employees as part of the deal. IT services provider Cognizant Technology Solutions Corp agreed to acquire UBS India Service Centre Private Ltd for about $75 million to strengthen its position in financial services, one of its [...]
Posts Tagged ‘UBS’
30 Jun
UBS plans to sell its India based KPO/BPO units. Infosys or Wipro may bag.
Switzerland-based bank UBS is believed to have put its business process outsourcing (BPO) and knowledge process outsourcing (KPO) units up for sale. The bank, which has centres in Poland and Hyderabad, is in talks with Indian IT companies such as Infosys and Wipro, said a person familiar with the possible transaction. The UBS India Service [...]
13 Apr
UBS is planning up to 5,000 more layoffs.
UBS plans to cut up to 5,000 senior and management jobs in the next few weeks, Swiss weekly SonntagsZeitung said on Sunday, according to Reuters. It said up to 2,500 management positions could go in UBS’s dominant and profitable wealth management division, which accounts for 50,000 of the bank’s total 77,000 staff. A UBS spokesman [...]
13 Feb
Investment banks are still hiring but brokers.
Morgan Stanley, where exposure to mortgages and other assets fueled big losses, cut nearly 2,000 jobs last year and ended fiscal 2008 with 46,964 employees. The ranks of advisers rose by more than 400 to 8,426 in that period. Meanwhile at UBS, where overall employment plunged by about 5,700 jobs to 77,783 last year, brokerage [...]
19 Jan
More Job cuts are probable in UBS, Credit Suisse. May benefit Infosys or UBS office at Hyderabad.
Swiss banking giants UBS and Credit Suisse are both expected to cut thousands more jobs this year, Swiss weekly newspaper Sonntag said on Sunday. It has to be noted that UBS is one of the biggest client of Infosys and Infosys’s revenue from UBS was gradually going down for last four quarters. UBS, which shed [...]
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