Feb 4 (Reuters) - Blackrock ( BLK ) plans to hire nearly
1,200 people to expand its two support hubs in India, Bloomberg
News reported on Tuesday, citing people familiar with the
matter.
The world's largest asset manager wants to build out its
artificial intelligence capabilities in India with the
expansion, the report added.
The iHubs, as the centers are known, are in the country's
financial hub Mumbai and Gurugram, which is near the national
capital New Delhi.
The new hires will increase total headcount to roughly 3,500
in the two cities, and include more engineers and data experts,
according to the report.
Blackrock ( BLK ) is also inheriting a so-called global capabilities
center in India's IT hub Bengaluru, through its proposed deal to
acquire data provider Preqin, Bloomberg reported. That center
will have roughly 1,500 staff members.
Blackrock ( BLK ) did not immediately respond to a Reuters request
for comment.