Credit Suisse announced today its expansion to a new, smart working facility in the 44-acre EON Free Zone campus within the Special Economic Zone in Kharadi, Pune, as part of its strategy to establish India as a center for technology innovation for the bank globally. The state-of-the-art office, called EON II, will co-exist with the present workspace in EON I. From EON II, teams will lead the development and roll-out of cutting-edge technology and innovative methodologies, such as Agile, Cloud Computing, Machine Learning and Robotics, to support Credit Suisse’s global business operations.
The bank’s India IT strategy leverages the large pool of skilled technology talent available locally, and is focused on enhancing local leadership capabilities along with basing global roles in India that have accountability and ownership for end-to-end delivery of IT solutions and services to the bank’s businesses around the world. Around 10% of the global senior IT roles at Credit Suisse are currently based in India.
Credit Suisse has approximately 14,000 staff in India, which includes a mix of in-house employees and vendors, across multiple centers, primarily in Pune and Mumbai, the majority of which provide various corporate function services with a focus on technology to the bank globally. Of the total staff, approximately 5,000 are in-house employees, of which around one-third are in IT roles.
Mihir Doshi, Chief Executive Officer, Credit Suisse India, said: “Credit Suisse has grown its Indian operations significantly over the years. Our investment in the EON II facility highlights our continued commitment to India and our vision of establishing the country – and particularly Pune and Maharashtra – as a premier technological hub supporting our ability to serve the corporate and personal needs of our clients across our businesses globally.”
Gerard Leahy, Head of Group Business Support Services, Credit Suisse AG, noted: “We are delighted to achieve this significant milestone of establishing the EON II facility to support our growing IT presence in India. India plays an important role in Credit Suisse’s technology transformation strategy which focuses on aligning operational responsibilities globally within the bank, and empowering locally-based employees to lead global delivery of high value and innovative solutions to our operations in around 50 countries world-wide, and growing our base of in-house employees to enhance value creation and productivity.”
John Burns, Head India IT and Senior Franchise Officer, Pune, added: “As we further build our footprint in India, we want to attract the best IT talent to join our vibrant community of professionals. With EON II, we’re proud to provide our employees with a dynamic environment that fosters skills development and knowledge-sharing, and provides opportunities to be at the forefront of technology and innovation. We believe that a smart, agile workspace encourages greater efficiency and productivity, increases morale and builds a sense of community – all of which are critical for a successful working environment.”
The EON II campus, designed to the highest international standards, is one of the first and largest smart working spaces in the country and is one of the largest smart working spaces for Credit Suisse globally. EON II spans approximately 450,000 square feet offering world-class amenities and infrastructure that facilitates closer collaboration across teams and functional areas. The design of the facility was inspired by the concept of “seasons” to reflect transformation and growth in a dynamic environment. EON II has achieved certification from Leadership in Energy and Environmental Design (LEED), an international hallmark of excellence that recognizes the highest standards of sustainable, green-compliant buildings.
In 2018, Credit Suisse India IT was named a “Top 5 Coding Powerhouse in India” at the Times Group’s Techgig Code Gladiators event, achieving the distinction of being the only financial services firm to be included in the top 5. The bank also continues to support the growth of tomorrow’s young technology professionals by collaborating with leading educational institutions such as the College of Engineering Pune (COEP), with whom it signed a Memorandum of Understanding last year to collaborate on better preparing students for careers in the banking IT industry.
