LSE Group to open technology hub in Sri Lankan capital

ECONOMYNEXT – London Stock Exchange Group’s Business Services division (LSEG BSL) in Sri Lanka will soon open its new headquarters in the Sri Lankan capital Colombo occupying 26,000 square feet, a statement said.

“The new Business Services division in Sri Lanka will provide support to the Group’s operating entities across the globe,” it said.

“The venture will provide the best and brightest technology talent in the country with the opportunity to be a part of an ever-expanding, innovative knowledge hub.”

The new headquarters will be in the historic Expert City precinct, formerly known as Tripoli Market.

The proposed new 26,000 sq ft premises would complement LSEG BSL’s current incubation hub, which is also housed at Expert City.  

The new LSEG facility will directly employ 400 personnel in high-technology jobs, with an additional 1,200 employed indirectly, the company said.

“These employees will be tasked with providing technical support services that are central to the Group’s global network,” it said.

“LSEG’s investment and recruitment drive in Sri Lanka will also provide an immediate boost for the IT sector of the country.”

Murali Subrahmanyan, Head of Business Services Colombo, LSEG said the firm’s plans to establish the facility in Colombo reaffirms its commitment to the technology sector of Sri Lanka.

“Our new facility at Expert City will house some of the best talent in the industry, and it is important to us that all our facilities reflect these high standards. The launch of this new technology centre represents an exciting opportunity for the local population to join a truly global organisation.”
(COLOMBO, August 15, 2016)
 

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