By Sumit Sharma/Bloomberg
Mumbai: Credit Suisse Group, the second-largest Swiss bank, has started a securities brokerage in India, Paul Calello, the bank’s new investment banking chief, said in Mumbai on 20 March.
“This will substantially strengthen our ability to service Indian and international clients in terms of research, market access, sales and execution,” Calello said.
Credit Suisse, which aims to focus on equity sales and research in India, said its service centre will employ 2,500 workers by 2008. The bank expects India’s economy to grow 10% in the fiscal year 2007-08.