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.”


Hicks Speaker For Walker Chamber's Monthly Membership Luncheon

The University of Georgia’s Small Business Development Center will be highlighted by keynote speaker Kinsey Hicks, program coordinator, during the Walker County Chamber of Commerce’s April Membership Luncheon which will take place on Tuesday from 11:30 a.m. to 1:30 p.m. at the Walker County Civic Center, 10052 N Hwy 27, Rock Spring, GA.    The Mission of the ... (click for more)

Local Batteries Plus Rebrands With "Bulbs"

Batteries Plus has announced the rebranding of its Chattanooga store at 1925 Gunbarrel Road as Batteries Plus Bulbs. The store’s new identity is part of a company-wide initiative which began in late 2012 that signals its leadership in the expanding $17 billion U.S. light bulb replacement industry.   Batteries Plus Bulbs has access to more than 15,000 light bulb products ... (click for more)

Shots Fired Durng Armed Robbery At Rossville McDonald's

Shots were fired during an armed robbery at the McDonald's on Rossville Boulevard on Friday morning. At approximately 6:15 a.m., Chattanooga Police responded to a robbery at 4502 Rossville Blvd. at the McDonald’s.  Investigators discovered that two masked suspects entered the McDonald’s. One suspect fired a round into the ceiling and then ordered everyone to the ... (click for more)

Man Shot On East Henderson Drive; Suspect Sought

Chattanooga Police responded to 740 East Henderson Drive at approximately 9:02 p.m. on Thursday for a person shot.  Officers located a black male victim who was suffering from a single gunshot wound to the chest. According to witnesses, the victim was in a physical altercation with multiple parties when a suspect fired at the victim striking him in the chest. The victim ... (click for more)

State Moving Forward In Educational Improvements

The State Collaborative on Reforming Education released the following statement from President and CEO Jamie Woodson regarding the 2014 legislative session in Tennessee and HB1549/SB1835, which passed the General Assembly Thursday: After a year of extensive public and legislative conversation regarding higher academic standards and related strategies to improve student learning, ... (click for more)

Roy Exum: Some Really Funny Tweets

I am not on Twitter so I don’t tweet. Difficulties with my right hand don’t even allow me to text and when you blend in the fact I am now a bonafide senior citizen, it is ample reason for me to live a life where I am lacking in what otherwise might be achieved through social networking. Twitter has done real well without me. It is one of the 10 most visited websites in the world; ... (click for more)