ABN Amro seeks 1,000 new employees in India

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ABN Amro is to recruit more than 1,000 staff in India in the next 18 months, boosting its offshore operations in the region by about two thirds.

The Dutch bank is advertising anonymously through recruitment consultant Firth Ross Martin Associates for a global head of operations in India. The successful applicant will manage the offshored operations in two locations. The advertisement said staffing was expected to grow to 2,500 within 18 months.

ABN Amro plans to cut almost three quarters of its 5,000-strong technology employees, according to reports in the Netherlands in June.

The bank said it would provide an update on the exact number of redundancies in September.

Last year, it said it would look to cut almost 3,000 jobs globally, as well as looking at more outsourcing opportunities.

UBS said last week it was to set up a back-office processing centre in Hyderabad, although the Swiss bank already outsources some operations to India. The centre is expected to be operational in 10 months.

In June, Wachovia, the US's fourth-largest bank, told 3,000 technology employees that some jobs might move to India as the group wanted to cut costs.

HSBC, which operates several offshore centres, also said it planned to open in Calcutta in November.

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