UBS To Establish Shared Services Center In Nashville

Global Financial Services Firm to Invest $36.5 Million, Create 1,000 New Job

Wednesday, August 28, 2013

Tennessee Governor Bill Haslam, Economic and Community Development Commissioner Bill Hagerty, Nashville Mayor Karl Dean along with UBS officials announced Wednesday 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.

“It is exciting that UBS – one of the world’s largest banking and financial services companies – is making this significant investment in Tennessee,” Governor Haslam said. “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.”

“Tennessee’s No. 1 ranking for job growth in the Southeast is only further enhanced by the added momentum of today’s 1,000 job announcement,” Commissioner Hagerty said. “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.”

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,” Kathleen Lynch, chief operating officer, UBS Group Americas and Wealth Management Americas, said. “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.”

“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,” Mayor Dean said. “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.” 

“A $36.5 million investment and the creation of 1,000 new jobs is outstanding news for Tennessee,” U.S. Senator Bob Corker, said. “I want to thank UBS and its employees for their commitment to the Nashville area and congratulate them on their latest success.” Senator 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.”

“We are excited that UBS has chosen to expand in the Nashville region,” Nashville Area Chamber of Commerce President and CEO Ralph Schulz said. “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.” 

“Congratulations to UBS on their continuing growth and announcement to expand in Nashville,” TVA Senior Vice President of Economic Development John Bradley said. “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.”



State Unemployment Rate Remains Near Historic Lows, Holds Steady From February

Tennessee Governor Bill Haslam and Department of Labor and Workforce Development Commissioner Burns Phillips on Thursday announced the March 2018 statewide unemployment rate for Tennessee remained near historic lows and matched the revised rate from the previous month.   The preliminary, seasonally adjusted rate for March was 3.4 percent, which mirrored the revised ... (click for more)

TNECD Announces 7 Counties To Participate In New Round Of Select Tennessee Property Evaluation Program

The Tennessee Department of Economic and Community Development (TNECD) announced on Thursday the counties chosen to participate in the latest round of the Select Tennessee Property Evaluation Program (PEP).   The counties selected in this round of PEP include Anderson, Benton, Cheatham, Hardin, Henry, Marshall and Washington.   Started in 2015, PEP ... (click for more)

Federal Lawsuit Dismissed In Officer-Involved Shooting Of Javario Eagle

Federal Judge Sandy Mattice has dismissed the lawsuit filed in the officer-involved shooting death of Javario Eagle on Dec. 12, 2015. Attorney Jamie Parks Varnell of the firm of Davis and Hoss said, " Judge Mattice found the five Chattanooga Police Department officers’ use of deadly force to be reasonable in this case. "The jury trial was set for May 8 and was scheduled ... (click for more)

$10,000 Reward Offered For Unsolved Murder Of Janet Newman In 1984

An anonymous donor is contributing $10,000 to the reward fund in the unsolved case of Janet Newman.  Someone killed Ms. Newman 11 days before Christmas in 1984 as she worked alone inside Cannon Towel and Linen on Brainerd Road. When Ms. Newman’s boss returned from running errands in the middle of the afternoon of  Friday, December 14 , he found Ms. Newman’s ... (click for more)

A Tribute For My Brother – Sgt. Jonathan Gardner, U.S. Army

Seven years ago today, my family and I found out that my brother, Sgt. Jonathan D. Gardner, was seriously injured by a roadside bomb, (explosively formed penetrator - EFP), while on a mission in Kuwait. The EFP went through the bottom of his seat and put a softball size hole in his upper thigh. The doctors said that if the bomb had entered the Humvee an inch to the right, he ... (click for more)

Roy Exum: Our Teacher's Pay Cut

The Hamilton County School Board will hold a “working session” Thursday afternoon as steps continue to formulate the FY2019 budget and it is a frightening process in a badly-broken system. Everybody knows it is equally embarrassing and after watching teachers who “have had enough” go on strikes in Oklahoma, West Virginia and Kentucky this spring, I guarantee you that Tennessee is ... (click for more)