Home / Front Page/ London Stock Exchange Group to open ultra-modern technology hub in Expert City

London Stock Exchange Group to open ultra-modern technology hub in Expert City


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 16 August 2016 00:41


  • LSEG to occupy 26,000 sq ft premises at Expert City
  • Facility to provide world class working environment 
  • Jobs for 400 highly-skilled technologists 

London Stock Exchange Group’s Business Services division (LSEG BSL) in Sri Lanka will soon open its new headquarters in the historic Expert City precinct, formerly known as Tripoli Market. 

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.

LSEG Head of Business Services Colombo Murali Subrahmanyan 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.   

Below-lead-1-

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.


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Tamil actor Kamal Haasan stars in new role as political leader

Saturday, 24 February 2018

Srinivasan Kamal Haasan is one of India’s foremost film actors. Known popularly as Kamal, the talented and versatile thespian has not only excelled as an actor onscreen, but has successfully engaged in other cinematic spheres too. The multi-faceted


Yameen’s economic offensive to counter political adversity ahead of presidential poll

Saturday, 24 February 2018

The embattled Maldivian President Abdulla Yameen, who is facing intense political opposition both in and out of the country, hopes to win the September, 2018 presidential election using a combination of political belligerence and a strong economic pr


In the end, there was nothing

Saturday, 24 February 2018

Much more than a storm in a tea cup! To a non-discerning person, it all seemed like the final battle of the counter revolution. President Sirisena was up in smoke trying to oust Prime Minister Ranil Wickremesinghe for no articulated reason. He asked


Shouldn’t Govt. prevent parliamentary system from decay and destruction?

Friday, 23 February 2018

The wrong people teach us the best lessons. As a clever nation, we had always used our ballot and chased the wrong people


Columnists More