Source: www.business-standard.com

Broadridge Financial Solutions Inc. that provides technology-based outsourcing solutions to the financial services industry, plans to set up a facility in Hyderabad with an investment of $6-million (approximately Rs. 24-crore).

As well, end-March 2008 will see the firm ramping up its Hyderabad headcount from the present 500 to 750-employees.

Currently, housed in ADP Brokerage Services Group’s Hyderabad centre, Broadridge is the American ADP’s recent spin-off, however it will shift to its new facility by September - October 2007.

Talking to the media, Richard Berke, Corporate Vice-President and Chief Human Resource Officer - Broadridge Financial Services Inc. said: “With the setting up of our new facility here, we are looking at continuing to leverage India’s R&D, finance and BPO professionals.”

Broadbridge’s Hyderabad centre professionals will mainly focus on technology development and software re-engineering, in areas of investor communications, securities processing, and clearing and outsourcing solutions.