BlackRock Plans 1,200 Jobs in India to Boost AI Capabilities

BlackRock plans to hire approximately 1,200 employees to expand its two support hubs, known as iHubs, in India, located in Mumbai and Gurugram, which will increase its workforce in the region to around 3,500. This expansion is aimed at enhancing the company's artificial intelligence capabilities and strengthening its presence in the financial technology sector. In addition to bolstering its existing hubs, BlackRock is set to acquire a global capabilities center in Bengaluru through its purchase of the data provider Preqin, which will accommodate about 1,500 employees. The recruitment will focus on engineers and data experts to support technology-driven initiatives. This strategic move underscores BlackRock's commitment to leveraging AI and data analytics in asset management, positioning India as a key hub for its global operations. The company has not yet commented on its hiring plans or the expansion strategy.