Swiss banking major UBS to double presence in Hyderabad, onboard 1,800 more people at GCC
The Hindu
UBS to double Hyderabad GCC, adding 1,800 jobs, aligning with Telangana's vision for economic growth and IT leadership.
Swiss banking giant UBS will expand its global capability centre (GCC) in Hyderabad and onboard an additional 1,800 employees over the next two years.
The focus of the expansion will primarily to strengthen the finance and operations functions by capitalising on the high-quality talent available in the region. Head-Group Real Estate and Supply Chain and Chairman of UBS India Harald Egger made this announcement after a meeting with IT and Industries Minister D. Sridhar Babu at a conference in Zurich on January 24.
The move aligns with the State’s vision of fostering long-term economic growth and positioning Telangana as a global leader in IT and business services, the Minister’s office said on Saturday in a release on the meeting on the sidelines of the TEPA Investment Event organised by Confederation Suisse and Switzerland Innovation.
“UBS’s decision to double its presence in Hyderabad is mainly driven by the fact that Hyderabad offers the best talent pool, world-class infrastructure and the innovation ecosystem actively fostered by supportive government policies. We are pleased to deepen our presence in Telangana, where we can continue to leverage these strengths to drive our growth and contribute to the evolving economic landscape of the region,” Mr. Egger said.
The development reinforces Hyderabad’s leadership in the global business services sector. Hyderabad is home to 11% of GCCs in India, a testament to the city’s unparalleled growth in the sector. The expansion by UBS underscores the immense potential Hyderabad offers, fuelled by a robust talent pool, a thriving innovation ecosystem and proactive government policies, the Minister’s office said.
“As we continue to grow Hyderabad as the country’s foremost hub for GCCs, we are redefining what it means to be an investment-friendly, technology-driven and future-ready State. Telangana’s IT exports have surpassed $30 billion, and we continue to witness the growth of GCCs in Hyderabad, creating new avenues for employment and driving our digital economy,” Mr. Sridhar Babu said.
The expansion of UBS’s operations reflects the confidence global businesses place in Hyderabad’s infrastructure and talent, he said.
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