HYDERABAD: Swiss banking giant UBS is doubling its global capability centre (GCC) footprint in Hyderabad with plans to create another 1,800 new jobs over the next two years.
The expansion will mainly focus on beefing up UBS’s finance and operations functions by leveraging the quality talent pool available in the city, the banking biggie said.
The announcement was made by UBS India chairman and head of group real estate and supply chain, Harald Egger, after a meeting with Telangana IT & industries minister Duddilla Sridhar Babu on the sidelines of a TEPA investment event organised by the Confederation Suisse and Switzerland Innovation at the Zurich Innovation Park.
Egger said that UBS’s decision to double its presence in Hyderabad was mainly driven by the fact that Hyderabad offers the best talent pool, world class infrastructure and an 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,” Egger said.
Pointing out that Hyderabad is home to 11% of India’s GCCs, Sridhar Babu said the expansion of UBS operations in the city reflects the confidence global businesses have in Hyderabad’s infrastructure and talent.
“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,” he added.
