The London Stock Exchange Group (LSEG) opened a state-of-the-art technology facility in Sri Lanka recently. Headquartered in the Trace Expert City precinct in Colombo, the new technology hub was opened by Prime Minister Ranil Wickremesinghe and LSEG Chairman, Donald Brydon.
A delegation including Minister of Megapolis and Western Development, Patali Champika Ranawaka, Minister of Finance Ravi Karunanayake and CEO of LSEG, Xavier Rolet were also present.
LSEG will directly employ 400 people in high-technology jobs, and a another 1,200 employed indirectly. These employees will provide technical support services for the Group’s global network. The London Stock Exchange Group has extensive experience of working in Sri Lanka through its global trading and technology business, MilllenniumIT, in Colombo and Malabe. LSEG is an international markets infrastructure business and a leading developer and operator of high-performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets.
Other services include, network connectivity, hosting and quality assurance testing. MillenniumIT, GATElab and Exactpro are among the Group’s technology companies. Chairman, LSEG, Donald Brydon said, “I’m delighted today to join the Prime Minister of Sri Lanka for the opening of our new technology facility, which will provide the best and brightest technology talent in the country with the opportunity to join a truly global markets infrastructure business.” “Given our long history and very successful experience of working in Sri Lanka, it is the natural destination for LSEG’s new business services technology division.
We thank the government for their support in this venture and look forward to further developing a world leading technology hub in the country,” he said.