LPL Financial opens first GCC outside US in Hyderabad, to hire 1500 techies

Hyderabad: LPL Financial on Tuesday opened its global capability center in Hyderabad, marking the US-based wealth management firm’s first site outside the United States as it bets on Indian talent to beef up its technology, operations and AI-enabled capabilities.The company has acquired around 3 lakh square feet spread over five floors for its permanent facility in Financial District for which it plans to hire over 1,500 techies over the next few years. Currently the company is operating out of a temporary facility in the same building and expects to move into its full-fledged office by early 2027.Inaugurating the facility virtually, Telangana IT & industries minister D Sridhar Babu said Hyderabad today houses nearly 450 GCCs creating more than 1.35 lakh high value technology jobs, with 80 of these GCCs being set up in the past one year alone.The minister said the investment by LPL Financial has reinforced Hyderabad’s position in financial services innovation. “Hyderabad today presents a strong and credible proposition to the world. Some of the world’s finest financial products such as UPI, RTGS and IMPS have been built out from here. It is playing an active role in global financial systems that will design and build the next generation financial solutions,” he said.

“In a world defined by volatility and geopolitical shifts, we see Hyderabad as a place for consistency, a place where global companies can plan long term, build with confidence and scale without disruption. Hyderabad brings everything on the table,” Sridhar Babu said. Ramesh Kaza, executive vice president and head of country for the LPL Financial GCC, said the Hyderabad centre will support LPL’s US-focused business across technology, operations, product development, data and analytics, and risk management,“Hiring will be phased and the focus would remain on quality rather than speed.

We have about 30 employees already and there are another 80 plus roles that are at different stages of hiring. This year there is a clear plan that we’ll be anywhere between 680 to 700 employees,” he said.“Over the next three to five years, we expect this center to become an increasingly important capability hub, with teams supporting business, product development, technology, and operations, all executing against US-led strategy and aligned to LPL’s people-first culture and global standards,” Kaza said.Greg Gates, chief technology and information officer, LPL Financial said Hyderabad emerged as the preferred location after a detailed review, largely because of the city’s talent pool.“It’s mainly talent. Hyderabad was the best,” Gates said, pointing out that the city offered talent with strong capabilities in automation, AI, data science and financial services.The Hyderabad facility is part of LPL’s broader global operating model and is aimed at strengthening platform stability, operational resilience and support for advisors and clients. LPL, a Fortune 500 company, supports over 32,000 financial advisors, nearly 1,200 financial institutions and manages about $2.4 trillion in assets for roughly eight million Americans.