Vanguard Group to establish its first India GCC in Hyderabad

Hyderabad DHNS: Pennsylvania-based Vanguard Group Inc, investment management company, will establish its first India global capability centre (GCC) in Hyderabad.

Vanguard, which operates under a unique, investor-owned structure, manages global assets worth approximately Rs 8,54,50,000 crore ($10 trillion) and serves over 50 million investors, will formally open its Hyderabad office later this year, and will employ 2,300 members over the next four years

A 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 Chief Minister A Revanth Reddy and top officials, including Chief Secretary Shanti Kumari on Monday.

During the discussions, Vanguard executives said they would immediately look to hire engineers with a special focus on artificial intelligence, data and analytics, and mobile engineering at its Hyderabad facility.

“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 Vanguard CEO Salim Ramji.

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