American banking major JPMorgan Chase is planning to hire more than 5,000 people for technology roles in India, the Economic Times has reported citing unnamed sources.
Along with rivals Citigroup and Barclays, JPMorgan is one of the biggest employers in the country’s foreign banking space.
Go deeper with GlobalData
Other than core banking operations, their India team operates in complex technology domains such as artificial intelligence, analytics and blockchain.
JPMorgan is looking to fill up the technology roles in 2022 itself as the bank focuses more on digital operations including big data and robotics.
The jobs will be offered in Hyderabad, Bengaluru, and Mumbai. In 2021, the bank hired 4,000 people in the country.
Confirming the plan, JPMorgan Chase Mumbai tech centre lead managing director Ravi Pasupuleti said: “Our India employees are being aligned to global product roles and are driving initiatives globally.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Historically, leadership roles on product and tech sides have been based in the US, but now our employees in India are taking on global roles from India.”
Notably, around a third of the bank’s workforce is in India.
“Technology is critical to our business success,” Pasupuleti said, adding that “our hybrid cloud strategy is accelerating our modernisation journey.”
“We also continue to be laser-focused on cyber and how new technologies can help us to be more secure,” he noted.
In July this year, a top executive of German financial services group Deutsche Bank revealed that it aims to hire 2,500 people in India to strengthen its engineering and IT capabilities.
