Credit Suisse is looking to further advance its in-house core capabilities by leveraging the sizable pool of skilled technology talent available in the country. Credit: Plaza Financiera.

Credit Suisse has revealed plans to hire more than 1,000 IT employees in India this year to establish the country as a centre for technology innovation across the bank globally.

The Swiss wealth manager said that the new hires will comprise developers and engineers with expertise in emerging technologies to support its digital aspirations.

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This includes capabilities in fields such as cloud, cybersecurity, data analytics, API development, machine learning and artificial intelligence that are anchored in Agile and DevOps delivery methods.

The bank noted that it has hired 2,000 IT employees in the last three years.

India is said to be the largest footprint of any Credit Suisse location globally, with the country accounting for around 25% of the bank’s global IT staff.

Credit Suisse head of India IT and senior franchise officer John Burns said the latest hiring plan highlights the bank’s continued commitment to India.

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The hiring ambitions for 2021 will play a critical role in ensuring the bank’s digitisation-ready architecture, robust platform, adoption of IT best practices and technologies.

Credit Suisse global head of experienced recruiting for technology Prashant Bhatnagar said: “As we continue to build our footprint in India, we want to attract the best IT talent to join our vibrant community of professionals.

“We provide our employees with a dynamic environment that fosters skills development and knowledge-sharing, and we provide opportunities for engineers and developers to be at the forefront of technology and innovation.”

Last year, Credit Suisse appointed Puneet Matta as the new head of its wealth management business in India.

In March this year, Swiss wealth manager Julius Baer bolstered its relationship managers team across all locations in India as part of its growth strategy.