UBS AG opened its India Service Centre (ISC) Hyderabad, Andhra Pradesh state in the Financial District at Nanakramguda on the city outskirts. The unit will form a global hub to provide UBS with knowledge services including research and analytics, business process offshoring transaction and data processing, and IT infrastructure support. UBS plans to take headcount to 500 by the year-end and invest Swiss Franc 50 million over the next year on its development. It plans to raise its BPO seats from 450 to 1500 by the first half of 2007. UBS has more than US$2 trillion in client assets.