London Stock Exchange Group to set up technology center in Hyderbad

The London Stock Exchange group (LSEG) has announced its plan to establish a technology center of excellence in Hyderabad, India. This move is expected to create about 1,000 jobs per year and boost the economy Banking, Financial Services and Insurance (BFSI). in the city. The announcement was made after Telangana’s IT and Industry Minister KT Rama Raos meeting with LSEG Group CIO Anthony McCarthy in London.

Buy Prime Test Series for all banking, SSC, insurance and other exams

LSEG: a global financial market infrastructure and data provider:

The London Stock Exchange Group is a leading global financial market infrastructure and data provider, serving clients in 190 countries and operating in 70 countries around the world. It has more than 2,000 issuers in 100 countries and its $161 benchmark is pegged to FTSE Russell indices. With its extensive reach and influence in the global financial industry, LSEG remains a major player.

Hyderabad as a growing hub for BFSI:

Hyderabad has become a growing center for India’s BFSI industry. The establishment of LSEG’s Technology Center of Excellence in the city is expected to significantly boost this sector and create ample employment opportunities. The move is in line with the Indian government’s efforts to attract more foreign investment and boost the growth of the country’s economy.

LSEG’s investment in India:

LSEG’s decision to set up a technology center of excellence in Hyderabad is part of its larger investment plan for India. The company already has branches in Mumbai and Bangalore where it provides a range of services to its clients. The establishment of the Technology Center of Excellence in Hyderabad will further strengthen its foothold in the Indian market.

Read also:Deadline for linking PAN to Aadhaar extended to June 30, 2023: PFRDA

Find more business news here