London Stock Exchange to set up tech CoE in Hyd
To generate employment opportunities for about 1,000 people in a year
image for illustrative purpose
This announcement was made after Telangana IT & Industries Minister KT Rama Rao met with Anthony McCarthy, Group CIO of LSEG in London, United Kingdom (UK)
Hyderabad: In a major development, London Stock Exchange Group PLC (LSEG) announced that it will establish a Technology Centre of Excellence in Hyderabad, which will generate employment opportunities for about 1,000 people in a year.
This announcement was made after Telangana IT & Industries Minister KT Rama Rao met with Anthony McCarthy, Group CIO of LSEG in London, United Kingdom (UK). 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 also present at the occasion.
The minister's four-day tour of the UK to attract investors to Telangana has witnessed a good kickstart. The establishment of the Technology Centre of Excellence by 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.
The 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 more than 100 countries and a benchmark of $161 linked to FTSE Russell indexes, LSEG continues to be a major player in the global financial industry.
