LPL Financial Global Capability Center (GCC) launched

Metro India News | HYDERABAD

Minister for IT, Industries, Electronics and Legislative affairs D.Sridhar Babu on Wednesday launched LPL Financial Global Capability Center (GCC) located at Nanakramguda. While its core business remains US-based, the GCC will support activities such as product development, analytics and risk management. It is expected to strengthen various areas of operations. Consul General at the U.S. Consulate General in Hyderabad Laura Williams also took part in the event.

Launching the GCC through online mode, Minister Sridhar Babu mentioned that expansion in IT sector is happening where technology & talent exists and said that it was a matter of pride that Hyderabad has become a global GCC hub.  He appealed to LPL Financial GCC as well as other GCCs to collaborate with the government wherever possible and assured all support from the government including incentives.  He also stated that the government would focus on developing Artificial Intelligence ( AI) infrastructure in a big way in coming days.

Executive Vice President and Country Head for LPL Financial GCC Ramesh Kaza described the launch of the GCC as an indication of Hyderabad and Telangana’s talent and ecosystem. He made it clear that the GCC in Hyderabad would work towards implementing the values and culture of LPL Financial from day one onwards.  The Chief Technical and Information Officer of LPL Financial Greg Gates informed that the firm supports 32,000 financial advisors and wealth managers across the world. He described the GCC at Hyderabad as a “long term strategic asset”

Cyberabad Police Commissioner Dr.M.Ramesh who was one of the dignitaries invited for the event said that it was a matter of pride that more than half of the Global Capability Centers in the country are located in Hyderabad.  He also assured investors on behalf of the police department that in Hyderabad police act as enablers and facilitators of businesses rather than regulators.