London Stock Exchange Group Opens New Tech Hub in Sri Lanka

[kreslik.news]

The emigration of technology and back-office jobs across the financial services industry from London is in full swing, with the London Stock Exchange Group (LSEG) joining other banking groups in shifting its focus to Southeast Asia – LSEG has opened a new technology facility in Sri Lanka, employing 400 new workers at the location, according to a group statement.

London has long been characterized by very high labor costs, however with the upcoming schism with the EU, many financial services groups have opted to take their business and strategy to continental Europe or Asia. For its part, LSEG will headquarter its ... (read more)