India Business Journal - UBS expanding GCC in Hyderabad with addition of 1,800 more employees

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UBS expanding GCC in Hyderabad with addition of 1,800 more employees

IBJ Bureau
Jan 26, 2025

UBS, the Swiss banking major, will be expanding its global capability centre (GCC) in Hyderabad with an addition of 1,800 more employees over next two years.

This was announced by Harald Egger, the head of group real estate and supply chain and chairman of UBS India, following a meeting with Telangana IT and Industries Minister Duddilla Sridhar Babu on the side lines of the TEPA Investment Event organised by Confederation Suisse and Switzerland Innovation at the Zurich Innovation Park recently.

The expansion will primarily focus on strengthening UBS’s finance and operations functions, capitalising on the high-quality talent available in the region and in line with the State government’s vision of fostering long-term economic growth while positioning Telangana as a global leader in IT and business services.

“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 Babu has in a release.

Harald Egger notes: “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.”