The Depository Trust & Clearing Corporation (DTCC), a global leader in post-trade market infrastructure, has officially opened its new office in Hyderabad, marking a significant expansion of its operations in India.
As part of its long-term strategy, DTCC aims to employ up to 2,000 professionals in the city, which will become a crucial hub for the company’s technology, operations, and customer support services.
The expansion in Hyderabad is expected to support DTCC’s growing global footprint and strengthen its position in the financial services industry.
Strategic Expansion to Strengthen Global Operations
DTCC’s decision to establish a major office in Hyderabad comes as part of its broader plans to enhance its technology and operational capabilities.
The Hyderabad office will play a vital role in delivering key post-trade services, including trade clearing, settlement, and risk management services to clients around the world.
By expanding its footprint in India, DTCC is positioning itself to better serve its clients in Asia and globally, particularly as the demand for efficient, secure, and scalable financial infrastructure continues to rise.
Hyderabad was chosen as the location for the new office due to its growing prominence as a technology hub and its access to a large pool of skilled talent in fields like financial technology (FinTech), software development, and data analytics.
The city is already home to several multinational companies, especially in the IT and financial services sectors, making it an ideal choice for DTCC’s expansion plans.
Job Creation: DTCC Aiming for 2,000 Employees
DTCC plans to hire 2,000 employees across various functions, including technology, operations, and customer service.
The recruitment drive will focus on talent with expertise in financial services, software development, and cybersecurity to support the company’s core services and continue enhancing its post-trade infrastructure.
The positions will cater to a range of roles, from junior developers to senior managers, ensuring that DTCC builds a diverse and experienced workforce to meet the demands of its global clients.
The hiring spree in Hyderabad will boost the local economy and establish the city further as a key global hub for financial services and technology innovation.
Company’s Commitment to India and Local Growth
DTCC’s presence in India is not new; the company has had a foothold in the country for several years, with an office in Mumbai.
However, the new Hyderabad office represents a substantial investment in the region’s growing financial and technological ecosystem.
The Indian government’s push to strengthen its financial services industry and enhance its position as a global technology and finance hub aligns with DTCC’s expansion.
The new office will focus on providing a range of post-trade services to financial institutions worldwide, including clearing, settlement, and risk management, which are critical for global markets.
DTCC has committed to developing Hyderabad into a key strategic hub that will contribute significantly to the company’s ongoing efforts to modernize financial market infrastructures globally.
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