UBS has opened a new Hyderabad office and plans to hire 2,000 additional professionals as it expands AI, technology, and operations capabilities in India.
UBS has expanded its operations in Hyderabad with the opening of a new office at Centaurus by Phoenix in Gachibowli, reinforcing the firm’s long-term investment strategy in India and its growing focus on technology and AI capabilities.
The new office marks the next phase of UBS’s expansion in Hyderabad, where the company first established operations in 2020. The firm said it expects to hire an additional 2,000 professionals in the coming months, effectively doubling its workforce in the city.
UBS currently operates offices across Pune, Navi Mumbai, and Hyderabad as part of its India operations supporting global technology, finance, and business functions.
The inauguration was attended by D. Sridhar Babu, who said Telangana continues to strengthen its ecosystem for Global Capability Center investments.
According to the Telangana government, the expansion further reinforces Hyderabad’s role as a major destination for multinational GCC operations and global services delivery.
Matthias Schacke said Hyderabad remains a strategic growth location for the bank because of its talent availability, infrastructure, and policy environment.
“We’re looking forward to further expanding our tech capabilities, including AI, while enhancing our operations footprint in the location,” Schacke said.
The company said the expansion will strengthen collaboration across technology, finance, and operations functions while supporting emerging areas such as artificial intelligence and enterprise-scale innovation.
Angela Honegger said the Trade and Economic Partnership Agreement between India and Switzerland is expected to create additional opportunities across investment, manufacturing, trade, and employment.
UBS said its India teams have supported the company’s global platform for more than a decade across technology, operations, and financial services functions.
The expansion comes amid rising GCC investment activity in India from multinational banking, wealth management, and financial services firms seeking engineering, AI, cloud, and operations talent.
Hyderabad has emerged as one of the fastest-growing GCC destinations in India alongside Bengaluru, Pune, and Chennai, attracting investments from global financial institutions, technology companies, and enterprise software firms.
UBS manages approximately $6.9 trillion in invested assets as of the third quarter of 2025 and operates in more than 50 markets globally.
The latest expansion highlights how multinational financial institutions are increasingly positioning India as a strategic hub for technology development, AI adoption, and global service delivery operations.
Key Takeaways
• UBS opened a new office in Hyderabad’s Gachibowli area
• The company plans to hire 2,000 additional professionals in the city
• The expansion will support AI, technology, finance, and operations capabilities
• UBS established Hyderabad operations in 2020
• Hyderabad continues attracting large-scale GCC investments from global financial firms
Source: UBS