London Stock Exchange Group to set up Technology Centre of Excellence in Hyderabad
The announcement was made after Minister KTR met with LSEG CIO
Hyderabad: Telangana IT and Industries Minister KT Rama Rao's four-day tour of the United Kingdom (UK) to attract investors to Telangana has got off to a good start. London Stock Exchange Group PLC (LSEG) announced that it will establish a Technology Centre of Excellence in Hyderabad, which will generate employment for about 1000 people in a year. The announcement was made after the Minister met with Anthony McCarthy, Group CIO, LSEG in London.
A Memorandum of Understanding (MoU) in this regard was signed by Jayesh Ranjan, Principal Secretary of IT and Industries Departments, and Anthony McCarthy, Group CIO, LSEG. E Vishnu Vardhan Reddy, Special Secretary, Investment Promotion & NRI Affairs, Konatham Dileep, Director, Telangana Digital Media Wing, Amarnath Reddy Atmakuri, Chief Relations Officer were present at the occasion.
The establishment of the Technology Centre of Excellence by London Stock Exchange Group (LSEG) in Hyderabad is a significant boost to the Banking, Financial Services, and Insurance (BFSI) sector in the city. The move is expected to create ample employment opportunities and drive growth in the industry.
London Stock Exchange Group (LSEG) is a leading global financial market infrastructure and data provider, operating in 70 countries worldwide and serving customers in 190 countries. With over 2,000 issuers across 100+ countries and a benchmark of $161 linked to FTSE Russell indexes, LSEG continues to be a major player in the global financial industry.