Deloitte Touche Tohmatsu’s recent report says financial Institutions in U.S. are seriously looking at India and China as their investment banking solution providers. The report said faced with dwindling profit margins in the extremely competitive global markets investment banks are desperately looking out for a cheaper and high quality human resource pool. Some big names are already getting their work done in countries like India and China. Amongst them Citigroup, Morgan Stanley, Lehman Brothers, JPMorgan Chase are big names. Along with cheap labor time difference (saving) also plays a pivotal role here. JPMorgan Stanely is the first among the lot who has transferred high end research analysis function successfully to India, Hong Kong and Singapore.



Via [CNN]