Locallly staffed facility to have no effect on company's U.S. employment levels U.S. financial services group Wells Fargo & Co. said Tuesday that it is setting up a technology facility in Hyderabad, India, citing a growing need for technology talent that cannot be met solely in the U.S.The facility will provide technology resources including software development for a variety of functions at the company.The facility will open in the fourth quarter with between 30 and 50 local staff, Wells Fargo said. The operation will not affect the company’s U.S. employment levels and will not manage any customer information, the company said. Customer-facing functions will also continue in the U.S. A number of U.S. and U.K. banks including Bank of America Corp., Citigroup Inc. and HSBC Bank PLC either have their own operations in India or outsource to local companies.The facility, which is to be set up as a subsidiary of Wells Fargo Bank NA, plans to have up to 300 staff by the end of next year. Technology Industry