Hyderabad, NFAPost: The London Stock Exchange Group (LSEG) has recently announced its intention to establish a technology centre of excellence in Hyderabad, India. This move is expected to create approximately 1,000 job opportunities each year and give a significant boost to the Banking, Financial Services, and Insurance (BFSI) sector in the city. The decision came after a meeting between Telangana IT and Industries Minister KT Rama Rao and LSEG Group CIO Anthony McCarthy in London.
LSEG is recognized as a leading global provider of financial market infrastructure and data, catering to customers in 190 countries and operating across 70 countries worldwide. It boasts a vast network of over 2,000 issuers spanning 100 countries, and its benchmark of USD 161 is tied to FTSE Russell indexes. With its extensive reach and influence within the global financial industry, LSEG remains a prominent player.
Hyderabad has been steadily establishing itself as a burgeoning hub for the BFSI industry in India. The establishment of LSEG’s Technology Centre of Excellence in the city is expected to significantly enhance this sector and create numerous employment opportunities. This initiative aligns with the Indian government’s ongoing efforts to attract foreign investment and promote economic growth.
LSEG’s commitment to India extends beyond the technology centre in Hyderabad. The company has already set up operations in Mumbai and Bangalore, offering a wide range of services to its customers. The establishment of the Technology Centre of Excellence in Hyderabad will further solidify LSEG’s presence and strengthen its position in the Indian market.
