Key takeaways
- UBS has opened a new global capability centre in Hyderabad, aiming to hire 3,000 professionals.
- The expansion highlights the strengthening economic ties between India and Switzerland.
- Hyderabad is emerging as a global hub for financial technology and operations.
- UBS's investment aligns with the Trade and Economic Partnership Agreement between India and EFTA nations.
- The new centre will enhance UBS's capacity for innovation in areas like AI.
Swiss multinational investment bank UBS has inaugurated a new global capability centre (GCC) in Hyderabad, strengthening its footprint in India and underscoring the city’s growing stature as a global hub for high-value financial technology and operations. The new centre, located in Gachibowli, will see UBS add nearly 3,000 professionals over the next two years.
The expansion marks a significant milestone in India-Switzerland economic collaboration, reinforcing UBS’s long-term commitment to India and its strategy to scale global technology, operations, and innovation capabilities from the country.
“Telangana has created an ecosystem where deep-tech engineering and advanced software development can be built and delivered with consistency and scale. 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,” Duddilla Sridhar Babu, Telangana’s Minister for Information Technology, Electronics, Communications, Industries and Legislative Affairs, said.
The expansion also reflects the deepening economic ties between India and Switzerland, supported by the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association nations. UBS’s growing presence in Hyderabad aligns with TEPA’s focus on long-term investment, capability building, and collaboration in knowledge-intensive sectors.
UBS has operated in India for over a decade, with teams contributing across technology, finance, and shared services. The new Hyderabad office expands this presence, providing additional capacity for collaboration and innovation, particularly in emerging areas such as AI.
“Hyderabad continues to be an important growth location for UBS, thanks to its strong talent pool, supportive policies, and excellent infrastructure. We’re looking forward to further expanding our tech capabilities, including AI, while enhancing our operations footprint in the location,” Matthias Schacke, UBS’ Head of India Service Company and Group Operation & Technology Office India, said.
