London Stock Exchange Group opens additional office in Sri Lanka to provide shared services including technology and data

London Stock Exchange Group opens additional office in Sri Lanka to provide shared services including technology and data

The London Stock Exchange Group (LSEG) has opened an office in Sri Lanka in a bid to provide shared services, including technology, data services, and corporate support functions, a local media report stated.
“Our new office further supports LSEG’s strategy of developing strategic operational hubs to deliver services to our global operating entities,” Head of LSEG Sri Lanka, Dee Liyanwela has been quoted as saying in the media.
The new office, ‘Trading House’ is located at Bauddhaloka Mawatha, Colombo 4 and it is in addition to LSEG’s current 30,000 square foot space located at Trace City, Colombo 10.
Through the development of strategic operational hubs, LSEG is well placed to deliver services across the Group’s global operating entities, a statement has said.
According to reports, the new facility has video conference facilities and a 70-seat training centre.

OSL take:

The opening of a second office in Sri Lanka by the LSEG indicates an expansion in the level of cooperation between the Colombo Stock Exchange and the London Stock Exchange. It is an encouraging sign for foreign investors to invest in the Colombo Stock Exchange with confidence.

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Article Code : VBS/AT/20180608/Z_6

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