The 1 billion Swiss franc project unifies all of UBS' private banking booking platforms onto a single one – in Switzerland.

Big Plans in Navi Mumbai

Moreover, UBS plans to take back on roughly 60 percent of its back office, after outsourcing much of it in recent years due to spending cuts. India, the outsourcing and offshoring destination par excellence, plays a key role. In Navi Mumbai, for example, the bank opened a new service center this year (pictured below) with space for 3,000 staff.

The move elevates Mumbai to one of the most important back office hubs in Asia. Egger's experience is well-suited to redefine UBS' sourcing needs and re-integrate many jobs back into the bank. 

UBSIndien 500

Egger is intended as a «cultural carrier» and to spur growth, in part through the sourcing changes, according to a memorandum on his move seen by finews.com