State Street to Take Full Ownership of India Venture With HCL
04 12월 2023 - 8:44PM
Dow Jones News
By Colin Kellaher
State Street is finalizing plans to assume full ownership of its
joint venture with India's HCL Technologies, as the
financial-services giant moves to further consolidate its operating
model in India.
State Street on Monday said it expects to complete the
consolidation of Statestreet HCL Services, which it formed with HCL
in 2012 to provide business-operations services, in the second
quarter of 2024.
The Boston company said the move is part of its strategy of
simplifying its global operating model.
State Street in August unveiled plans to assume full ownership
of an India joint venture with Atos Group.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 04, 2023 06:29 ET (11:29 GMT)
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