Morgan Stanley has indicated it will abandon back-office operations in India.
A sale of its back-office unit has been discussed by US management, who have been assessing the potential value of the transaction.
It is understood the entire Indian back-office operations for Morgan Stanley could be $150 million-$250 million.
The back-office work includes IT development, finance, accounting-related work, equity research, financial modelling and portfolio analysis.
No comments:
Post a Comment