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.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.