Business EconomyPosted at: Jan 25 2025 8:51PM


Swiss banking giant, UBS to expand its GCC operations in Hyderabad

Hyderabad, Jan 25 (UNI) UBS, the largest Swiss banker to expand its Global Capability Center (GCC) in Hyderabad.
This announcement was made by Harald Egger, Head 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 margins of the TEPA Investment Event organised by Confederation Suisse and Switzerland Innovation at the Zurich Innovation Park on Friday.
UBS will be expanding its presence with the addition of 1,800 more employees in the next 2years, the company said in a release.
The expansion will primarily focus on strengthening UBS’s finance and operations functions, capitalizing on the high-quality talent available in the region.
The announcement aligns with the state’s vision of fostering long-term economic growth while positioning Telangana as a global leader in IT and business services.
Hyderabad is home to 11 percent 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 said, “As we continue to grow Hyderabad as the country’s foremost hub for Global Capability Centers (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. The expansion of UBS’s operations reflects the confidence global businesses place in our infrastructure and talent."
Harald Egger said: "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."
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