WALL STREET COMPANIES DIAL UP INDIA FOR RESEARCH ASSISTANCE

THE WALL STREET JOURNAL ONLINE ^ | OCTOBER 2, 2003 | By JOANNA SLATER , Staff Reporter of THE WALL STREET JOURNAL

[JENNIFER_SMITH]

CHENNAI, India -- Prassana Madan's phone rings here in Chennai, formerly Madras, in southern India and from half a world away she hears a familiar voice. An American investment banker wants an analysis of the performance of energy companies when tracked against macroeconomic parameters -- by the next day. The 23-year-old Ms. Madan and her colleagues scramble. "There's lots of pressure and lots of deadlines, but we want to make our bankers happy," she says.

[PianoMan]

Funny how these articles never mention that there is virtually no oversight in terms of insider-trading type laws in India. These firms are putting the information of their clients at risk, especially when simply faxing over confidential documents to be created. It will only take a scandal or two to happen over there, before the banks have to re-evaluate things. Some departments are in the long term cheaper and smarter to in-house.

And speaking on behalf of i-bankers whom I know, OfficeTiger does crap work. Several of the i-banks are doing some outsourcing, and none have had a good experience with it. But, HR has their obsessions.

[Support Free Republic]

Lighten Up, Francis!

Fundraising posts only happen quarterly, and are gone as soon as we meet the goal. Help make it happen.

[WilliamofCarmichael]

Who's the gatekeeper for those tens of thousands of miles of under seas cables and their (currently) cheap bandwidth?

I thought bankrupt Global Crossing was the major player. A Singapore company took control recently. Isn't this like being dependent upon foreign oil?

What happens if the gates are closed -- terrorist attacks for example.