Swiss banking giant UBS has opened a new Global Capability Center (GCC) in Hyderabad, marking a major expansion of its operations in India. The facility, located in Gachibowli, will strengthen UBS’s finance and operations functions, create new jobs, and reinforce Hyderabad’s position as a global financial hub.
Expansion Details
UBS has leased approximately 150,000 square feet of office space at Phoenix Centaurus, adjacent to the Microsoft campus. This new GCC is part of UBS’s broader strategy to double its footprint in Hyderabad, with plans to add nearly 1,800 jobs over the next two years.
Strategic Importance
The Hyderabad GCC will focus on finance, operations, and technology services, leveraging the city’s deep talent pool. UBS’s expansion highlights Hyderabad’s growing reputation as a preferred destination for global financial institutions, competing with Bengaluru as India’s leading GCC hub.
Impact On Hyderabad
With over 355 GCCs already established, Hyderabad contributes significantly to India’s tech workforce. UBS’s investment further boosts the city’s employment opportunities, real estate demand, and global standing in financial services.
Key Highlights
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UBS opens new GCC in Hyderabad’s Gachibowli
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150,000 sq ft office space leased at Phoenix Centaurus
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Plans to add 1,800 jobs over two years
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Focus on finance, operations, and technology services
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Hyderabad emerging as India’s next big GCC hub
Conclusion
UBS’s latest expansion in Hyderabad underscores the city’s rise as a global financial and technology hub. By investing in talent and infrastructure, UBS strengthens its India presence while contributing to Hyderabad’s growing role in the international GCC landscape.
Sources: Telangana Tribune, Times of India, Trade Brains