London Stock Exchange Group (LSEG) is setting up a new business services centre in Bucharest, which will employ 200 personnel and will deliver technology, data services and corporate support functions across the group’s global operating entities, the group said on Wednesday in a press release.
The group has secured office premises located within the central-west area of Bucharest, near the Polytechnic University.
The Romanian facility will initially employ 200 personnel across a range of roles and complements BSL’s existing operations in Colombo, Sri Lanka, which employs 480 people, according to the group.
“Romania offers LSEG a highly skilled workforce, a strong education system and good infrastructure. We have been delighted by the warm reception that we have received from the Government of Romania, Invest Romania Agency and the local business community. We look forward to being an employer in Romania and contributing to the further development of capital markets skills in the country to support its future growth,” says Murali Subrahmanyam, head of LSEG Business Services.