UBS opens New Hyderabad Office; Plans to Hire Up to 3,000

Hyderabad, Feb 11 (TNT): UBS, a global wealth management major and Switzerland’s leading universal bank, has strengthened its India growth strategy with the inauguration of a new office at Centaurus by Phoenix in Gachibowli in the city.

The move underscores the company’s long-term bet on Hyderabad as a key global capability and technology hub.

The new facility marks the next phase of UBS’s expansion in the city, where it began operations in 2020. With the addition of the Gachibowli office, UBS expects to hire 2,000–3,000 professionals in the coming months, effectively doubling its workforce in Hyderabad,  the company said in a release here on Wednesday.

Telangana Minister for IT and Industries D Sridhar Babu, who was present in the inauguration, said the expansion reflects growing confidence among global financial institutions in the state’s business ecosystem.

He noted that UBS’s presence strengthens Telangana’s Global Capability Centre (GCC) landscape and deepens India’s economic engagement with Switzerland and the European Union.

From a business perspective, UBS sees Hyderabad as a strategic location to scale high-value functions across technology, finance, operations and emerging areas such as artificial intelligence. “Hyderabad continues to be an important growth location for UBS, driven by its strong talent pool, supportive policies and robust infrastructure,” said Matthias Schacke, Head India Service Company and Group Operations & Technology Office India.

Senior state officials said the expansion is expected to catalyse high-end skill creation and strengthen cross-border collaboration in financial services and technology.

UBS currently operates offices in Pune (Kharadi), Navi Mumbai (Airoli) and Hyderabad, positioning India as a critical hub in its global delivery and innovation network.

With India playing an increasingly central role in global banking and fintech value chains, UBS’s latest investment in Hyderabad signals sustained multinational interest in the country’s talent-driven growth model and reinforces the city’s standing as a preferred destination for global financial services expansion.

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