The new Business Services division in Sri Lanka will provide support to the Group’s operating entities across the globe.
The venture will provide the best and brightest technology talent in the country with the opportunity to be a part of an ever expanding, innovative knowledge hub.
The new LSEG facility will directly employ 400 personnel in high-technology jobs, with an additional 1,200 employed indirectly.
These employees will be tasked with providing technical support services that are central to the Group's global network.
LSEG's investment and recruitment drive in Sri Lanka will also provide an immediate boost for the IT sector of the country.
Murali Subrahmanyan, Head of Business Services Colombo, LSEG said:
“Our plans to establish a 26,000 sq ft state-of-the-art facility In the heart of Colombo reaffirms our commitment to the technology sector of Sri Lanka.
Our new facility at Expert City will house some of the best talent in the industry, and it is important to us that all our facilities reflect these high standards.
The launch of this new technology centre represents an exciting opportunity for the local population to join a truly global organisation.”
The proposed new 26,000 sq ft premises would complement LSEG BSL’s current incubation hub which is also housed at Expert City.
About London Stock Exchange Group
London Stock Exchange Group (LSE.L) is an international markets infrastructure business.
Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management.
LSEG operates an open access model, offering choice and partnership to customers across all of its businesses.
The Group can trace its history back to 1698.
The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe's leading fixed income market); and Turquoise (a pan-European equities MTF).
Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets.
The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.
Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $10 trillion benchmarked to its indexes.
The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, XTF and RNS.
Post trade and risk management services are a significant part of the Group’s business operations.
In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house; Monte Titoli, a leading European custody and settlement business; and globeSettle, the Group’s CSD based in Luxembourg.
LSEG is a leading developer and operator of high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets.
Additional services include network connectivity, hosting and quality assurance testing. MillenniumIT, GATElab and Exactpro are among the Group’s technology companies.
Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 3,500 people.
Further information on London Stock Exchange Group can be found at www.lseg.com