Banking giant UBS plans to add more than a thousand jobs in Tennessee in the near future, contributing to an overall growth of financial sector jobs. Wells Fargo, additionally, plans to increase job growth nationally to the tune of more than 5,000 people per year.
UBS plans to add 1,000 new jobs in Nashville through 2017, representing a capital investment of more than $36 million, according to The Tennessean. It will revolve around a relocation of the company's offices to downtown Nashville, and it plans to add resources to its wealth management, investment banking and asset management businesses. UBS has posted service job openings as well, including in information technology, operations, legal, compliance and finance.
Wells Fargo plans to begin an annual push to hire between 5,200 and 5,500 people yearly in efforts to staff national growth in brokerage, private banking and retirement business, according to the San Francisco Business Times. Head of talent acquisition for the company Bret Marshall recently said the hiring will include around 750 brokerage trainees, according to the news source. Both industry veterans and relatively inexperienced workers will be sought during the process. The news comes as Wells Fargo says it will cut more than 2,300 jobs in residential mortgage business.