Swiss banking major UBS has opened a new Global Capability Centre (GCC) in Hyderabad and plans to hire around 3,000 employees over the next two years. The decision boosts the bank’s presence in India and highlights Hyderabad’s growing role as a global business hub.
The new centre will support UBS’s global operations, especially in areas such as technology, digital services, and back-end financial operations. The company said the Hyderabad hub will play an important role in building advanced technology solutions and improving efficiency across its worldwide businesses.
Telangana IT and Industries Minister D. Sridhar Babu, who attended the inauguration, said the investment shows global companies’ trust in Hyderabad’s skilled workforce and strong infrastructure. He added that the state government continues to support international firms looking to expand in the region.
UBS officials said Hyderabad is a key location for the company’s long-term growth plans. The centre will focus on innovation, including digital platforms and advanced technologies such as artificial intelligence and data analytics. By expanding in India, UBS aims to strengthen its global delivery network and improve services for clients worldwide.
India has become a major destination for Global Capability Centres, with several multinational companies setting up large offices in cities like Hyderabad, Bengaluru, and Pune. These centres provide technology development, research, operations support, and other high-value services to global headquarters.
Industry experts say UBS’s expansion reflects the increasing importance of India in the global financial and technology ecosystem. The country’s large talent pool, competitive costs, and strong IT expertise continue to attract major global players.
With this new facility, UBS joins the growing list of international firms choosing Hyderabad as a strategic base for innovation and global operations.
Also Read: RBI targets bank mis-selling