Telangana IT and Industries Minister D Sridhar Babu recently inaugurated the new global capability centre (GCC) of UBS in Hyderabad, emphasising the city's increasing significance for global businesses.

The establishment of the new centre highlights the robust ecosystem Hyderabad offers for deep-tech engineering, advanced software development, and consistent scalability. The Swiss multinational investment bank and financial services company also announced plans to hire nearly 3,000 professionals over the next two years.

BS's Country Head for India, Matthias Schacke, stated, “Hyderabad continues to be an important growth location for UBS, thanks to its strong talent pool, supportive policies, and excellent infrastructure.” The new office will further bolster UBS’s capabilities, particularly in emerging technologies like Artificial Intelligence.