NASHVILLE, Tenn. (AP) -- Financial services firm UBS AG says it will consolidate back office functions in Nashville, creating 1,000 jobs in the city over the next five years.
Kathleen Lynch, the chief operating officer of UBS Group Americas and Wealth Management Americas, announced Wednesday that the Swiss bank is investing more than $36 million in the city, where it already employs more than 200 people.
Tennessee Gov. Bill Haslam and Mayor Karl Dean lauded the decision to choose Nashville for the center. Both state and local incentives played a role in landing the investment, but both said final details are still being worked out.
Lynch said the some of the jobs will be filled by current employees in other UBS locations, whose positions will be shifted to the new nerve center.
While WVLT allows comments on articles, we ask that you respect the online community. Comments may be removed at any time for violations including:
Comments may be checked for inappropriate content or rule violation, but the station is under no legal obligation to monitor or remove comments. If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.