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.”


Drug Take Back Scheduled For Dec. 6

Tennessee American Water, Walgreens,  the Hamilton County Coalition and the Hamilton County Sheriff Department announced that a special Drug Take Back will be Saturday, Dec. 6, from 9 a.m. to 1 p.m. The Drug Take Back will take place at two Walgreens stores that in the past have not participated.  Feedback from area residents whose homes are close to these Walgreens locations ... (click for more)

Chattanooga Business Calendar Nov. 29 to Dec. 6

MO/1 Reality Check - Bethel Christian Academy 1:30 p.m. to 2:30 p.m. Bethel Christian Academy: 3001 Hamill Rd. Reality Check teaches 9th graders budgeting and emphasizes the connection between education and income by allowing students to role-play as heads of household while trying to provide for their families on a set budget. Community volunteers are needed to assist ... (click for more)

Woman Assaulted, Man Shot In Chamberlain Avenue Home Invasion

A woman was assaulted and a man shot in a home invasion on Chamberlain Avenue early Friday morning. At approximately 4:43 a.m., the Chattanooga Police Department responded to 2708 North Chamberlain Ave. for a home invasion/shooting.   Officers discovered that a black male forced entry into the residence and assaulted the first victim, a female. Th e suspect ... (click for more)

10-Year-Old Boy Seriously Injured In Attack By Pit Bull At His Home In Sale Creek

A 10-year-old boy suffered serious injuries when he was attacked by a pit bull on Thanksgiving Day morning. At approximately 10:12 a.m. deputies were called to 175 Daugherty Ferry Road regarding a report of a dog attack on a child. On arrival the Sale Creek Fire Department found the child on the front porch of the residence.  The child’s father said his son came ... (click for more)

Lawlessness At Heritage Park

As a frequent visitor at Heritage Park in East Brainerd, I must say that the situation is becoming slightly out of control.  To start, parking is atrocious.  The unpaved lot contains nothing but loose gravel which has naturally given way to divots in the ground assuring you a few bumps.  Why isn't this area smoothed out?  It's not worth parking there anyways ... (click for more)

Roy Exum: A ‘Black Friday’ Poem

On this, “Black Friday,” when frantic shopping and crowded aisles cause some nerves to wear thin, please allow me to share a poem a friend sent me not long ago called “Shoes in Church.” Perhaps it will be fitting: SHOES IN CHURCH I showered and shaved. I adjusted my tie. I got there and sat In a pew just in time. Bowing my head in prayer, as I closed my eyes. I saw ... (click for more)