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. Receive the Personnel Today Direct e-newsletter every Wednesday 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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