Futurestep Expands India Footprint to Bangalore- Venture to Redefine Recruitment Process Outsourcing as an Alternative Business Model and - Indian Business Grew 300% in First Year of Operations - BANGALORE, INDIA, SINGAPORE, July 25, 2007 – Futurestep, the recruitment outsourcing subsidiary of Korn/Ferry International (NYSE:KFY) today announced that it has expanded its global footprint to Bangalore, India. The move is the Company’s second expansion to support the ever-growing demand for its services nationwide. In June - only a year and a half after opening its Indian offices in New Delhi - the firm opened an office in Mumbai. Since commencing operations in September 2005, Futurestep India has grown 300 per cent. The team, presently led by Asim Handa, Country Manager for Futurestep India, will service clients across Southern India from the office located at Embassy Square Building at Infantry Road in Bangalore, where Korn/Ferry is located as well. “We have been strategically building our resources in India to keep pace with the increasingly important role the country is playing on a global and regional level for companies everywhere,” said Tim Nelson, President, Futurestep, Asia Pacific. “Being in Bangalore will help us partner more closely with clients across the dynamic South India sub-region, forging deep relationships to transform their recruitment models in a way that not only helps them get the best people to execute their India strategy today, but to reduce turnover for the long term.” “Part of our success to-date reflects not only the MNCs’ desire to approach talent acquisition in India with speed and efficiency, but local companies’ willingness to professionalize HR systems that no longer reflect the entrepreneurial nature of other new, global business practices that are being created here,” said Asim. The addition of Bangalore expands Futurestep’s already unparalleled Asia Pacific footprint. The Company now has local market advisors in 13 cities region-wide. About Korn/Ferry International Asia Pacific Based in Los Angeles, the firm delivers an array of solutions that help clients to identify, deploy, develop, retain and reward their talent. For more information on the Korn/Ferry International family of companies, visit www.kornferryasia.com. About Futurestep For more information, visit the Futurestep Web site at www.futurestep.com. |
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