GlobeOp records 300 pc growth in overall employee base in past 3 yrs

Mumbai, Oct 10 (UNI) A growing client base and increased demand for new hedge fund support services and products underpinned the inauguration of GlobeOp Financial Services' third office in Mumbai, in as many years, according a release issued here today.

GlobeOp is a leading independent financial technology specialist providing automated, integrated middle-and back-office administration and risk reporting services to hedge funds and asset management firms including banks, insurance companies, pension funds and proprietary traders.

GlobeOp is the largest hedge fund administrator in India. More than 900 of the company's 1,500 employees worldwide are based in the country, as are three of the company's eight offices. The new 42,900 sq ft (3,985 sq meters) software development and hedge fund administrative support facility can seat an additional 650 employees, and increases total GlobeOp office space in Mumbai to 96,010 sq ft 8920 sq meters), the release added.

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