Fidelity sets up ˜partner site' to UK operations

Fidelity in the UK has set up an operations centre in India that will handle fund administration, account handling and some phone operations for its direct clients. Paul Kafka, communications director at Fidelity, said this is a partner site rater than a replacement for UK operations. In terms of phone teams, he said there were multiple sites globally, including the UK, Europe, Asia and India. He said there will be job cuts in the UK, but added that there will not be many.