The London Stock Exchange Group (LSEG) announced on May 2 that it is setting up a new business services centre in Bucharest, Romania. The new centre will employ personnel within the group’s shared services company, Business Services Ltd (BSL). BSL currently delivers technology, data services and corporate support functions across the group’s global operating entities.
LSEG has secured office premises located within the central-west area of Bucharest, near the Polytechnic University. The new LSEG 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.
“We are pleased to announce the opening of a new shared services centre in Romania,” said Murali Subrahmanyam, head of LSEG Business Services. “Through the development of strategic operational hubs within appropriate time zones and geographic regions, we are well placed to deliver services and support to our global operating entities.”
“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.”
The Romanian Minister for Business Environment, Trade and Entrepreneurship Stefan-Radu Oprea added: “We are delighted that London Stock Exchange Group has chosen Romania as a location for one of its strategic operational hubs, creating more than 200 skilled jobs in Bucharest. The long-term commitment to our country also reinforces the development of Romania’s capital markets capabilities.”