Swiss major UBS opens GCC in Hyderabad, to hire 3,000 people over two years

Swiss multinational investment bank and financial services company UBS opened its new global capability centre (GCC) in Hyderabad on Wednesday (February 11, 2026) and with it announced plans to onboard nearly 3,000 professionals over next two years.

Describing the opening as a significant step in strengthening its presence in the city and reaffirming long-term commitment to India, UBS said the facility in Gachibowli reinforces Hyderabad’s growing position as a global hub for high-value financial technology, operations and GCC leadership.

Telangana IT and Industries Minister D. Sridhar Babu, who inaugurated the GCC, sought to highlight the growing importance of the city for leading firms on the back of the talent pool and other advantages the city offers. “Hyderabad has emerged as a preferred location for the world’s most respected financial institutions. UBS choosing to deepen its presence here reflects the city’s credibility as a global talent and innovation hub,” he said.

The State has created an ecosystem where deep-tech engineering and advanced software development can be built and delivered with consistency and scale. UBS’s decision to establish its new centre in Hyderabad reflects the confidence global industries place in the institutional stability and progressive policy framework of the State. The city hosts all of the world’s top ten global financial institutions, Mr. Sridhar Babu said.

Country Head India Service Company and Group Technology Officer India at UBS, Matthias Schacke, said “Hyderabad continues to be an important growth location for UBS, thanks to its strong talent pool, supportive policies and excellent infrastructure. We look forward to further expanding our tech capabilities, including AI, while enhancing our operations footprint in the location.”

For over a decade, UBS teams in India have contributed to the firm’s global platform across technology, finance and shared operations. The new office in Hyderabad furthers this journey by creating additional space for collaboration, diverse expertise and work in emerging areas such as Artificial Intelligence, the company said.

“UBS’s journey in Hyderabad demonstrates what becomes possible when global institutions meet an ecosystem designed for depth, quality, and future readiness. This new office will catalyse high-end skill creation, strengthen cross-border collaboration and further integrate Hyderabad into the world’s most sophisticated financial and technology value chains,” the State IT Department’s Special Chief Secretary, Sanjay Kumar said.