The Hindu Business Line : Credit Suisse centre in pact with Wipro

The centre of excellence set up by Credit Suisse has signed a two-year contract with Wipro Technologies to utilise the Pune premises and also provision for outsourcing services for a range of banking functions, including IT, HR and finance.

Talking to presspersons, Mr Tom Sanzone, Chief Information Officer, said the centre has been operational since January and would become a central hub and support its business across 50 countries globally. The centre, which currently has about 200 personnel, is ramping it up to touch 2,500 by 2008, he said.

He said the Pune facility would provide support to its global business activities across information technology, operations, finance, product control as well as a range of front office functions, including analytics. He also noted that it would be bringing in other functions such as IT, BPO and KPO soon.

Mr Tom said it would be a fully captive site, branded Credit Suissewhile pointing out that it has other partners, such as Cognizant and Office Tiger doing different functions. He said the Pune outfit would also support its new integrated global bank strategy where its three core businesses of private banking, asset management and investment banking to provide products and solutions for the bank clients.

Mr Tom, commenting on other locations, said it has set up centres of excellence in North Carolina, Singapore and Holland, besides Pune. He added that it would be ramping up its human resources across these locations also.

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