LSEG to establish a new Business Services Centre in Bucharest, Romania
Plans to employ skilled professionals across a range of technology, data services and corporate function roles
London Stock Exchange Group (LSEG) today announces 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.
Murali Subrahmanyam, Head of LSEG Business Services said: “We are pleased to announce the opening of a new shared services centre in Romania. 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.”
Stefan-Radu Oprea, Minister for Business Environment, Trade and Entrepreneurship said: “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.”
About European Center for Services Investments and Financing - ECSIF ltd.:
European Center for Services Investments and Financing - ECSIF Ltd. specialised in providing services for European Financial Institutions. Fin-Tech startup or a well established Financial Institution, we assist FI in seizing the European Opportunities of the moment. From training to recruiting, from consulting, project implementation, to outsourcing and financial optimisation, ECSIF delivers highly specialised services for the European Financial Actors. Our clients expertise range from banks, to guarantee funds, European finance, stock exchanges, capital markets, and money transfer.
European Center for Services Investments and Financing - ECSIF Ltd. delivers flexible and cost effective solutions for an optimal implementation of your Fin Tech or REG Tech Projects. We can deliver in-house and remote teams for domestic or European markets. Our clients, European Financial Institutions, benefit of our expertise in a flexible way, receiving European Financial Experts when needed on a project based way. We deal with the complexity of Fin Tech and Reg Tech projects, so you can concentrate on your core business. All in a cost-effective way, bringing our expertise in a flexible and convenient manner. Only to name a few, in 2018, we deal with the requirements of MIFID II, AnaCredit, Corep, Finrep, Cirbe, Remit and so on.
This year we have partenered with Google Campus network and sent dedicated teams to London, Madrid, Tel Aviv and Warsaw. Our managed projects ranged from innovative money transfer solutions for Transfer Rapid Ltd. to development of energy financial instruments platform, under MIFID II regulation, for Romanian Commodities Exchange to an alternative system of electronic auctions for BRM Consulting. Our lasts projects are an outsourcing one for Societe Generale European Business Services, consisting in the implementation of ANA Credit project for German and Louxemburg members of SG Group and outsourcing the implementation of clearing services for derivative instruments for the introduction of an European Central Counterparty in Romania.