MNC to open office by yearend, hire 2,300 people
Hyderabad:Vanguard, one of the world's most respected investment management companies, on Monday announced its decision to establish its first Global Capability Centre (GCC) in Hyderabad, joining a long list of global business conglomerates which set up their offices in the city.
The announcement was made after the company’s representatives had a fruitful discussion with Chief Minister A Revanth Reddy. It strengthens Hyderabad’s position as the hub of GCCs with several multinational companies such as Amgen, Elly Lilly, Mariot, McDonalds announcing their entry into Hyderabad.
Welcoming Vanguard to Hyderabad, Revanth Reddy said he was delighted to welcome Vanguard to join the irresistible and unstoppable Hyderabad Rising vision. As part of Telangana Rising, they are shaping Hyderabad into a GCC hub for the world across domains and Vanguard’s endorsement would further strengthen their global positioning.
Vanguard, which operates under a unique, investor-owned structure, manages global assets worth $10 trillion and serves more than 50 million investors, will formally open its Hyderabad office later this year, and will employ 2,300 members over the next four years.
The senior delegation from the company, led by its CEO Salim Ramji, and 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 official Telangana Rising delegation led by the Chief Minister and top officials, including Chief Secretary Shanti Kumari.
During the discussions, Vanguard said it would immediately look to hire engineers with a special focus on Artificial Intelligence, Data and Analytics, and Mobile Engineering at 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 a great obvious choice for us 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,” said Salim Ramji, CEO, Vanguard.
Vanguard’s office in India is a significant milestone in its global expansion, which builds on a decade of partnership with third-party partners to enable it to directly access talent and increase the proportion of technology crew in its global workforce. “As with all of our locations, we will foster an inclusive environment centered around a clear mission, meaningful work, and unique employee experience,” Ramji said.
Vanguard is committed to establishing an enduring technology centre in Hyderabad. The Vanguard Hyderabad office would serve as an integral part of the global organisation, become an innovation hub that will support IT mission and goals, drive AI strategy, unlock potential of our data and analytics, and support the firm's mobile-first initiatives.
Vanguard is currently designing its strategy to ensure it finds the right talent to add to its global crew with a special focus on AI, Data and Analytic, and Mobile Engineering.
