Business

Moody’s to open Vilnius office

Financial services giant Moody’s has chosen Vilnius, Lithuania, as the location of its newest European office. The Vilnius site will offer back office and human resource support to Moody’s operations across Europe and the Middle East (EMEA). Hiring of staff is expected to begin in January, 2019.

“Vilnius was chosen because of its highly skilled workforce who possess impressive business, technology, and multilingual capabilities,” a Moody’s spokesperson told Emerging Europe.

“After long and careful deliberation, we chose Vilnius because of its educated and multilingual talent pool, its highly-developed IT infrastructure and its business-friendly environment,” said Duncan Neilson, a Moody’s senior vice president. “Given our goals of hiring diverse talent and further developing our automation and cyber security capabilities, choosing Lithuania as our newest EU location makes good business sense.”

“The opening of the Vilnius office aligns with our strategic and geographic goals. By expanding our EMEA footprint, we will further strengthen operational excellence as our business continues to grow and evolve in the region,” added the Moody’s spoke person

“The scope of this investment project covers important positions that provide support for our ratings and research businesses and operations in areas such as finance, human resources, information security, and information technology. We expect to initially fill the vacancies with recent graduates in junior roles, and experienced candidates in senior roles,” adds Mr Neilson.

“Moody’s business in Lithuania will be the biggest project we have seen in terms of sophistication of functions and projected growth in the business services sector. This project is as important to the country’s business services sector as last year’s major automotive investments were for the manufacturing industry. This investment will propel the sector to a higher level and will help Lithuania to become a leader of the business services sector in Central and Eastern Europe,” added Virginijus Sinkevičius, Lithuania’s minister of economy.

“Throughout the selection process, I was highly impressed by the level of engagement, cooperation and support we received from Invest Lithuania,” concluded Mr Neilson.

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