SMBC and Julius Baer Expand India Presence With New Tech and…

Sarah J · 2026-03-17T16:53:49.000Z

Global financial giants Sumitomo Mitsui Banking Corporation (SMBC) and Julius Baer Group are accelerating their India expansion plans by setting up global capability centres (GCCs) focused on technology, operations, and risk management. These new hubs are expected to be established in key cities such as Chennai and Hyderabad, with the firms collectively planning to hire over 1,000 professionals to support their global operations. The move reflects India’s growing importance as a global hub for financial services technology, where international banks are leveraging the country’s deep talent pool, cost efficiency, and digital capabilities to centralise critical business functions. The centres will focus on areas including technology development, payments, research, and AI-driven operations, aligning with the broader trend of financial institutions building advanced digital and automation capabilities in India. This expansion also comes amid tightening global mobility and visa regulations, prompting firms to increasingly localise talent and operations in India rather than relying on overseas deployments. Overall, the development highlights how India continues to strengthen its position as a strategic base for global banking and financial services innovation, attracting major institutions looking to scale technology-led operations.

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SMBC and Julius Baer Expand India Presence With New Tech and… | SEINET