UBS Launches Major Hyderabad Global Capability Centre with 3,000-Job Expansion Plan
In a significant move to bolster its Indian operations, Swiss multinational investment bank and financial services leader UBS has officially inaugurated a new Global Capability Centre (GCC) in Hyderabad. The announcement, made on Wednesday, marks a substantial expansion of the bank's presence in the city and underscores its long-term strategic commitment to the Indian market.
Massive Hiring Initiative and Strategic Investment
The newly established state-of-the-art facility represents a major investment in Hyderabad's growing financial ecosystem. According to an official release from the company, UBS plans to add approximately 3,000 skilled professionals to its workforce at this centre over the coming two years. This ambitious hiring initiative positions the Hyderabad GCC as a critical component of UBS's global operations network.
The expansion further solidifies Hyderabad's reputation as a premier destination for high-value financial technology, operational excellence, and GCC leadership on the global stage. The city has been steadily attracting top-tier financial institutions seeking to leverage India's deep talent pool and supportive business environment.
Government Endorsement and Strategic Importance
During the inauguration ceremony, Telangana Minister for IT and Industries D. Sridhar Babu highlighted the significance of UBS's decision to deepen its Hyderabad presence. "Hyderabad has emerged as a preferred location for the world's most respected financial institutions," the Minister stated. "UBS choosing to establish this new centre here reflects our city's growing credibility as a global hub for talent and innovation."
Minister Babu emphasized that this development represents more than just another corporate expansion. "The decision of UBS to establish its new centre in Hyderabad reflects the confidence global industries place in our institutional stability and progressive policy framework," he explained. "We view this as a long-term partnership that strengthens the India–EU–Switzerland economic corridor and adds meaningful value to the global financial services landscape."
UBS Leadership Perspective on Hyderabad's Advantages
Matthias Schacke, Head of India Service Company and Group Operation & Technology Office India at UBS, elaborated on the strategic rationale behind choosing Hyderabad for this significant expansion. "Hyderabad continues to be an important growth location for UBS, thanks to its strong talent pool, supportive policies, and excellent infrastructure," Schacke noted.
The UBS executive outlined the company's forward-looking vision for the new centre. "We're looking forward to further expanding our technological capabilities at this location, including advancements in artificial intelligence, while simultaneously enhancing our operational footprint across the region," he added, signaling the comprehensive scope of the Hyderabad GCC's planned activities.
Broader Implications for India's Financial Services Sector
This development represents a notable milestone in India's ongoing transformation into a global financial services powerhouse. The establishment of such a substantial GCC by a leading international bank like UBS serves multiple strategic purposes:
- Strengthening India's position as a preferred destination for global financial operations
- Creating high-value employment opportunities for skilled professionals
- Facilitating knowledge transfer and technological innovation in financial services
- Enhancing collaboration between Indian and European financial ecosystems
- Contributing to Hyderabad's economic development and infrastructure growth
The UBS Hyderabad GCC is expected to play a pivotal role in the bank's global operations, particularly in areas of technology development, operational support, and specialized financial services. With its commitment to hire 3,000 professionals within two years, the centre will significantly contribute to job creation and skill development in India's rapidly evolving financial technology sector.
This expansion comes at a time when global financial institutions are increasingly recognizing India's potential as both a market and an operational hub. UBS's substantial investment in Hyderabad reflects broader trends in the financial services industry toward leveraging India's combination of technical expertise, English-language proficiency, and favorable business environment for global operations.
