The London Stock Exchange Group (LSEG) is realigning its global technology workforce by relocating a significant number of tech roles from the European Union to India. This strategic shift is designed to strengthen LSEG’s footprint in Asia while enhancing cost efficiency and accelerating product development.
As part of a broader global insourcing initiative, LSEG plans to absorb approximately 2,000 external technology contractors into permanent internal roles, primarily within its Indian operations. This move reflects a commitment to build a robust in-house engineering culture, improve agility, and consolidate product ownership closer to its expanding Asian market.
Industry observers on platforms like LinkedIn note that this trend mirrors the broader shift in global financial services companies leveraging India’s deep talent pool and favourable cost structures. The move also aligns with LSEG’s ongoing efforts to innovate rapidly in areas such as cloud, data analytics, and digital financial services.
LSEG’s decision is expected to further solidify India as a critical technology hub for global capital markets infrastructure, reinforcing the country’s growing role in supporting high-end financial technology services.
By centralising talent internally, LSEG aims to reduce dependency on third-party vendors, promote cross-functional collaboration, and deliver faster technology solutions to clients worldwide. This transition marks a significant chapter in LSEG’s global tech evolution and underlines India’s increasing importance in the international financial technology landscape.
Source – https://www.bwpeople.in/article/london-stock-exchange-group-moves-tech-hiring-focus-to-india-558364