BlackRock to hire 1,200 employees in India to expand AI and support hubs

The world’s largest asset manager BlackRock Inc is set to expand its presence in India by hiring nearly 1,200 people across its support hubs in Mumbai and Gurugram, Moneycontrol reported on Wednesday. The new hires will increase BlackRock’s headcount in these cities by about a third, adding to the existing 3,500 employees.

Expanding AI and data capabilities

BlackRock’s hiring drive is aimed at strengthening its artificial intelligence (AI) capabilities and expanding its iHubs – its innovation and support centres that handle investment research, risk management, financial engineering, business operations, and data analytics.