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The world’s largest asset manager BlackRock wants to increase the size of its two support hubs in India with about 1,200 hires, according to a Bloomberg News report. The expansion is meant to strengthen BlackRock’s artificial intelligence (AI) capabilities. Part of the support hubs all over the world are referred to as iHubs in Mumbai and Gurugram. It is a new recruitment drive expecting to further the workforce of roughly 3,500 employees in these urban centers, looking to employ more engineers, and data experts. BlackRock, also, will take over a global capabilities centre in Bengaluru, IT hub of India, as well as, by acquiring one of the data provider Preqin, it will acquire its IT team based in Bengaluru. Instead, BlackRock has yet to comment on this high market speculation.
