UBS Broadens Its Indian Footprint with Hyderabad Tech Hub Amid Credit Suisse Integration and US Wealth-Management Headwinds

Key takeaways
- The new Global Capability Center in Hyderabad opened on Wednesday
- About 3,000 positions planned to be filled in India within two years
- Net outflows in the Americas in Q4 2025 amount to USD 14.1 billion
- Synergy target from the Credit Suisse integration stands at USD 13.5 billion

Hyderabad as a Tech and Operations Hub

UBS aims to bolster technology, data analytics, and operational support for its global operations through the Hyderabad center. Reuters cites UBS plans to add 2,000 to 3,000 roles at the site in the coming months, which would roughly double the local workforce.

This move aligns with a broader industry trend where international banks expand in India to access specialized talent and advanced tech capabilities. The intent is clear: strengthen tech and support functions to improve efficiency and speed across the organization.

Credit Suisse Integration in Focus — Ambitious Targets Remain

The Indian expansion unfolds during a pivotal phase: UBS is in the final year of integrating Credit Suisse, the 2023 acquisition described by UBS as one of the most complex banking mergers since the 2008/09 crisis.

Should investors sell immediately? Or is it worth buying UBS?

UBS’s February 2025 Q4 results highlighted several key figures:
- Q4 2025 net profit: USD 1.2 billion
- Full-year 2025 net profit: USD 7.8 billion
- Proposed dividend: USD 1.10 per share (up 22% year over year)
- Planned share repurchase for 2026: USD 3 billion

Alongside these results, UBS raised its integration synergy target to USD 13.5 billion and outlined ambitions through 2028, including an estimated return on equity of around 18%.

US Wealth Management Under Pressure, Swiss Headcount Reductions Talked

Notwithstanding the growth initiatives, UBS faces headwinds. US Wealth Management recorded net outflows of USD 14.1 billion in Q4, even as inflows elsewhere helped offset the pull. Management expects this pressure to continue into the first half of 2026.

Separately, Reuters reported plans to cut roughly 3,000 positions in Switzerland later this year. The firm maintains that there is no direct connection between these planned Swiss reductions and the New Delhi hires. CEO Sergio Ermotti indicated that a substantial portion of cuts would occur through natural attrition and early retirement.

The Credit Suisse integration is still expected to be completed by the end of 2026, sustaining the broader objective of realizing the full synergies from the merger.