LSEG To Set Up Technology Center Of Excellence In Hyderabad

Hyderabad, May 12 (Maxim News): In a major boost to the banking, financial services and insurance sector in Telangana, the London Stock Exchange Group (LSEG) has announced its decision to set up a Technology Centre of Excellence in Hyderabad, generating employment for about 1,000 people in a year.

The announcement was made after IT and Industries Minister K.Tarak Rama Rao, who is currently on a tour of the United Kingdom, met with Anthony McCarthy, Group CIO, LSEG in London.

According to a statement on the Minister’s official Twitter handle, a memorandum of understanding was signed between the Telangana government and LSEG. The MoU was signed by Jayesh Ranjan, Principal Secretary (IT and Industries) and McCarthy.

London Stock Exchange Group is a leading global financial markets infrastructure and data provider, with a rich history dating back over 300 years. LSEG has a global presence, operating within 70 countries worldwide and serving customers in 190 countries.

E.vishnu Vardhan Reddy, Special Secretary, Investment Promotion & NRI Affairs, A. Amarnath Reddy, Chief Information Officer, ITE&C Department were also present. (Maxim News)

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