Vanguard Picks Hyd For Its GCC

Hyderabad: Vanguard, an US-based investment management company, will establish its first Indian Global Capability Center (GCC) in the city. The company will formally open its Hyderabad office later this year, with plans to hire 2,300 employees over the next four years.

The announcement was made after a senior delegation from Vanguard, led by its CEO Salim Ramji, CIO and MD of IT division, Nitin Tandon, Chief Human Resources Officer, John Couture, and Principal, Head of GCC - Vanguard India, Venkatesh Natarajan, met the officials Telangana delegation led by Chief Minister A Revanth Reddy.

During the discussions, Vanguard informed that it would immediately look to hire engineers with a special focus on artificial intelligence, data analytics, and mobile engineering, for its Hyderabad facility.

“We are excited to be adding talent who will focus on AI, mobile, and cloud-based technologies that drive our business outcomes and deliver a world-class experience for our clients. Hyderabad was an obvious choice because of its diverse talent pool, quality of living, an ecosystem of tech expertise and innovation mindset, and the friendly policies of the Telangana state government,” Ramji said.

Welcoming Vanguard to Hyderabad, Revanth Reddy said: “I am delighted to welcome Vanguard to join the irresistible and unstoppable Hyderabad Rising vision. As part of Telangana Rising, we are shaping Hyderabad into a GCC hub for the world across domains, and Vanguard’s endorsement will further strengthen our global positioning.”

The Vanguard Hyderabad office would serve as an integral part of the global organisation, Ramji informed adding that it will become an innovation hub that will support IT mission and drive AI strategy, unlock potential of data and analytics, and support the firms’ mobile-first initiatives. Vanguard is currently designing its strategy to ensure it finds right talent to add to its global talent pool. The company operates under an investor-owned structure, manages global assets worth about $10 trillion and serves more than 50 million investors.