IT Minister and Industries D. Sridhar Babu with the senior executives of DTCC at the inauguration of the company’s office in Hyderabad on Monday.
The market infrastructure supplier after trade for the world industry of Financial Services DTCC (compensation and deposit trust corporation) on Monday (February 3) opened its new office in the city, an installation with 500 highly qualified jobs. The company plans to raise the strength of the staff to 2,000 in the coming years.
“These 500 roles are just the beginning. Not only are we creating jobs, we are training our young people to dominate global financial systems while we anchor growth here at home, ”said Ti Minister and Industries D. Sridhar Babu after inaugurating the office.
DTCC’s expansion indicates the rapid appearance of Hyderabad as a magnet for global companies that seek talent and technological skill, he said, highlighting the corporation’s promise to prioritize local hiring.
“Hyderabad is no longer just a Ti center. It is where Fintech, Biotech and AI converge, ”he told The Gathering. “Bring your boldest ideas here. We offer qualified talent, political agility and the freedom to innovate, ”said the minister’s office in a statement about his speech.
DTCC’s financial director, Rene Larroque Morais, and the information director, Lynn Bishop, were among those present during the inauguration.
Published – February 4, 2025 12:37 am ist
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