Mumbai’s ‘the’ place to go for finance pros

“Today, if you are in high finance, you should be in Mumbai, Shanghai or Dubai. Else, be ready for a goodbye,” goes a popular joke in international circuit.

As the global financial nerve centres such as London, New York and Tokyo suffer a crippling recessionary stroke, resulting in wholesale job losses, high quality talent is looking for opportunities in the East.

And among Asian destinations, Mumbai is emerging as the most sought after as more people are drawn to the Indian financial sector’s relative nascence and insulation from toxic assets, not to forget the ease of communication on account of the usage of English.
Doubting Thomases be damned. To the global job hunter, the Tatas, Birlas, ICICIs and IDBIs today sound a lot safer than most marquee names.

Corporate chieftains in the financial services industry, who DNA Money spoke to, agree that there is an unprecedented rise in interest from overseas job hunters.
Puneet Nanda, executive vice-president, ICICI Prudential Life Insurance, says the number of CVs he gets from the US is ten times those from India. “It’s a mix of foreign nationals and NRIs. There are a number of foreign nationals who are willing to relocate to India.”