Deutsche Bank sees value in offshoring back-office jobs

Deutsche Bank has already boosted revenues by about £1.3bn through its ongoing two-year programme to offshore back-office jobs to India, according to press reports.

The Financial Times said that the move highlights the growing trend to offshore high-value activities, instead of traditional areas such as call centres and IT support.

By the end of 2007, the investment bank will have moved almost half of its sales and trading operation’s back-office jobs – more than 2,000 – to India.

JP Morgan Chase has also made recent moves to capitalise on the availability of low-cost, highly-educated staff in India, launching a scheme to transfer one in three back-office jobs by recruiting 4,500 graduates in the next two years.

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