June 14 - WSJ.com - There are many low-margin businesses where outsourcing operations to India can mean the difference between profit and loss. Investment banking, with its big fees and lavish paychecks, isn't one of them.
But some Wall Street securities firms are going that route. Merrill Lynch & Co. has taken a minority stake in the Indian research firm Copal Partners, which specializes in creating what are known as "deal books" for corporate mergers and takeovers.
Copal is officially based in the United Kingdom but maintains a research staff of about 540 near New Delhi. Founded five years ago, the firm made its name by putting together deal books, which investment bankers give to potential deal participants, but more recently its research has branched into other areas, like credit and special situations. Read More.
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