AssetMark opens Hyderabad tech centre with room for about 500 staff

AssetMark, a United States company that builds technology and investment services for financial advisers, opened its first global capability centre (GCC) in India on Tuesday, 27 October 2026, in Hyderabad. The centre, called AssetMark Global Wealth, is in the H-10 building by Phoenix in Hyderabad's Hitec City and has been fitted out for roughly 500 employees. The company says hiring is under way at every level, from senior leaders to early-career professionals, for technology, engineering and AI work.

A global capability centre is an office that a foreign company owns and runs itself in another country to do core work such as software development, data analysis, finance or customer operations. India hosts the largest number of such centres in the world, and Hyderabad, along with Bengaluru, Pune and Chennai, is one of the main hubs.

AssetMark's move follows a pattern seen across many global firms: work once handed to outside IT services companies is being brought into their own centres in India. For job seekers, that matters because GCC roles are usually direct jobs with the parent company, often working on its main products and with colleagues abroad, rather than project work for a client.

The focus on AI in wealth management is also telling. Companies that serve financial advisers are using AI to help advisers prepare reports, answer client questions faster and handle routine paperwork. Building that software needs engineers, data specialists and product managers, the kind of roles the new centre is hiring for.

For young engineers and graduates, a new GCC opening with hiring across levels is a concrete opening in a year when many reports say fresher hiring at large IT services companies has slowed. Candidates interested in finance and technology roles can follow AssetMark's official careers listings for India, and should apply only through the company's own channels rather than through unverified agents who ask for fees.

Short-term: Recruitment for the Hyderabad centre is already under way, with openings for leaders, experienced professionals and early-career candidates in technology and engineering.

Long-term: As the team grows toward the centre's capacity of about 500, AssetMark will rely less on outside contractors and more on its own India staff for product development, adding to Hyderabad's base of finance-technology talent.

Who is affected: Software engineers, AI and data professionals and fresh graduates in Hyderabad and nearby states; AssetMark's former outsourcing partners; and the Telangana technology ecosystem, which competes with other cities to attract GCCs.

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