US Fintech SEI Explores Hyd For Its GCC Plan
The city is already home to Global Capability Centres of world’s top-5 BFSI players: Sridhar Babu
D Sridhar Babu, Telangana IT Minister, with SEI’s senior leadership in Hyderabad on Tuesday
Hyderabad is emerging as an attractive location for setting up Global Capability Centres, thanks to its rich talent pool, advanced infrastructure, and business-friendly environment fostered by the Telangana government - David Langdale, Global Head (Operations), SEI
Hyderabad: Telangana government is in discussion with US-based SEI, a technology and investment solutions provider, for establishing Global Capability Centre (GCC) in Hyderabad. Building upon its regional presence, SEI is exploring Hyderabad as a strategic operations hub.The company has aglobal workforce of about 5,000 employees working across technology, operations, and asset management roles.
SEI’s senior leadership team called onD Sridhar Babu, Minister of Information Technology, on Tuesday. The team comprised Zachary Womack, Global Chief Technology Officer; David Langdale, Global Head of Operations; Deepak Bhardwaj, Chief Data Officer; Meenakshi Meel, Head of Development for SEI’s Private Banking and Wealth Management division; and Shanoo Maniar, Delivery Head for SEI India.
According to an official release from the Telangana IT Department, the meeting focused on the potential establishment of the GCC and its impact on the region’s economic and technological growth.
Sridhar Babu said: “Telangana’s talent pool in the financial sector is pivotal in attracting global BFSI GCCs to Hyderabad. Hyderabad has established itself as a global hub for the sector, hosting the Global Capability Centres of the world’s top five BFSI players: Bank of America, JP Morgan, Goldman Sachs, Morgan Stanley, Wells Fargo, among others. Through our Young India Skill University’s BFSI programme, we are working with SEI to achieve the goal of enhancing our talent pool with global opportunities, further strengthening our growing ecosystem.”
David Langdale said: “Hyderabad is emerging as an attractive location for setting up Global Capability Centres, thanks to its rich talent pool, advanced infrastructure, and business-friendly environment fostered by the Telangana government. This centre could play an important role in supporting our global digital engineering strategy and enhancing our capabilities in key markets.”
