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Tennessee

September 3, 2013

UBS announces $36.5M investment, 1000 new jobs for Nashville

UBS-bank_logo

Tennessee Gov. Bill Haslam, Economic and Community Development Commissioner Bill Hagerty, Nashville Mayor Karl Dean along with UBS officials held a joint press conference to announce the company will establish a shared services center in Nashville. The announcement, representing a $36.5 million investment by the company, will create 1,000 new jobs over the next five years.

Gov. Bill Haslam

Gov. Bill Haslam

“It is exciting that UBS – one of the world’s largest banking and financial services companies – is making this significant investment in Tennessee. “We are grateful for the high quality Tennessee jobs the company is creating. Companies can choose to do business anywhere in the world, and it says a lot for Tennessee and Nashville that UBS wants to be here,” Haslam said.

“Tennessee’s No. 1 ranking for job growth in the Southeast is only further enhanced by the added momentum of this 1,000 job announcement. “Our internationally competitive state provides global companies like UBS with an ideal location, a skilled workforce and attractive business climate which, in turn, allows companies to offer high-wage employment opportunities to Tennesseans. I appreciate UBS’ further investment in our state’s robust business services sector and congratulate the company on its latest success,” declared Hagerty.

UBS currently provides operations support in Nashville through over 200 employees in addition to its full service Wealth Management office. The new UBS Nashville Business Solutions Center will offer expanded business services in support of their wealth management and investment banking divisions.

“Expanding our presence in Nashville is the right business decision for UBS. “The new UBS Nashville Business Solutions Center is part of our global strategy to continuously improve our efficiency and effectiveness for the benefit of our clients and shareholders,” Kathleen Lynch, chief operating officer, UBS Group Americas and Wealth Management Americas, said.

Nashville Mayor Karl Dean

Nashville Mayor Karl Dean

“The decision by UBS to bring 1,000 quality jobs to Nashville speaks to the skilled workforce in our area and the high quality of life here. “I welcome UBS’ Shared Services Center to Nashville and am proud that our city is increasingly being recognized as the premier location for global companies to centralize their operations,” Mayor Dean said.

“A $36.5 million investment and the creation of 1,000 new jobs is outstanding news for Tennessee. “I want to thank UBS and its employees for their commitment to the Nashville area and congratulate them on their latest success.” Corker, a member of the Senate Banking Committee, added, “Governor Haslam and his economic development team continue to attract high quality jobs to Tennessee, and I could not be more proud to join them in welcoming UBS to Nashville,” U.S. Sen. Bob Corker, R-Tenn., said.

“We are excited that UBS has chosen to expand in the Nashville region. “As a financial services industry leader, UBS is creating high?quality jobs as well as making a significant investment in our region. Our team looks forward to continuing to support the company’s workforce needs as it grows,” Nashville Area Chamber of Commerce President and CEO Ralph Schulz said.

“Congratulations to UBS on their continuing growth and announcement to expand in Nashville. “TVA is privileged to be an economic development partner with the State of Tennessee, Metro Government of Nashville & Davidson County, Nashville Area Chamber of Commerce, and the Nashville Downtown Partnership to assist new investments and job creation by global companies like UBS,” TVA Senior Vice President of Economic Development John Bradley said.



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