UBS reduces outsourcing to IT services firms, opens facility in Hyderabad

Swiss multinational investment bank UBS has shifted work in-house to its own centres across three cities in India, even as it continues to work with India-based IT services providers such as Wipro, HCL Technologies and Cognizant.

“We are still partners with Wipro, Cognizant and HCL. We have split the things that we wanted to keep inhouse and the things we wanted from partners. It has reduced a little bit with the Hyderabad office,” said Harald Egger, group head – corporate services and chairman of UBS India.