Charles Schwab, one of the biggest financial services companies in the world, has selected hyderabad as the potential site for its first technology Development Centre in India. Charles Schwab and a few other officials met with telangana chief minister Revanth Reddy, IT minister sridhar Babu, and a few other officials the other day in Dallas. 

"Very Happy to announce that Charles Schwab, a leading player in Financial services at the Global level, has chosen hyderabad as the prospective location for its first technology Development Centre in india," tweeted sridhar Babu after learning of the news. According to sridhar Babu, Charles Schwab was given full help by the government in obtaining technical skills so that he could quickly scale up. "At this time, Charles Schwab is waiting on final approvals to reveal specific details about their upcoming centre and to send a team to india to formally open the Schwab technology centre there," he continued.
 
Charles Schwab representatives were summoned to a meeting with former minister KT Rama Rao last year, during which they were encouraged to establish their development facility in Hyderabad. The present administration initiated the talks and is completing the agreement. With almost 33,000 workers, Charles Schwab is the second-largest broking company in the world, so this is a significant step. It brings in about $18 billion a year in income. Charles Schwab plans to establish a massive Global Capability Centre (GCC) in hyderabad, india, which is anticipated to provide jobs for thousands of people.
 
GCCs for a number of Banking, Finance services, and Insurance (BFSI) firms, including Wells Fargo, Synchrony, DE Shaw, Goldman Sachs, and JP Morgan, are now located in Hyderabad. Charles Schwab will soon open a GCC in the city, making it the first significant pure stock broking company to do so.
 
 
 
 
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G GOWTHAM

11/08/2024 10:40 AM