London Stock Exchange Group (LSEG) announced yesterday (Wednesday) the opening of a new flagship office in Kuala Lumpur, Malaysia. According to LSEG, this move signifies its commitment to fostering economic growth and nurturing local talent in the country.

LSEG’s Global Expansion

LSEG is headquartered in the United Kingdom with their active participation in 65 countries across the Middle East, Africa, Latin America, North America, and Asia Pacific. Globally, the group employs 24,000 people, more than half of whom are located in the Asia Pacific region. LSGE’s officials believe that the new flagship office in Kuala Lumpur will boost its service in Malaysia.

"We welcome international businesses whose objectives are aligned to the MADANI Economy principles of inclusive and sustainable growth for our people and businesses," commented Tengku Zafrul Aziz, the Minister of Investment, Trade and Industry for Malaysia.

"The launch of LSEG's flagship office in Kuala Lumpur is a recognition of Malaysia’s pro-business, pro-investment stand in attracting foreign companies to locate their operations here, while creating high-value career opportunities that nurture domestic talent. This endorsement of Malaysia's status as a premier investment destination will strongly encourage us to continuously invest towards making Malaysia the gateway to Southeast Asia."

The group has been providing its services by maintaining offices in this region in Bangkok, Beijing, Bangalore, Colombo, Hyderabad and Manila providing global financial market structure and data, which operates connected businesses to serve customers across the financial markets value chain.

LSEG Steps into Malaysia

According to LSEG, it has been playing a noteworthy role in Malaysia’s financial landscape by delivering global data, vital indices, analytics and capital market services to contribute to the growth of the nation’s economy.

Thomas Frossell, the Group Head of Customer Operations at LSEG said: “The establishment of this office underscores LSEG’s dedication to provide market infrastructure solutions that are pivotal for the country’s globalisation efforts, foreign capital attractiveness, and integration of global best practices into the local financial ecosystem. This collaboration also comes in tandem with our fruitful partnership with Bursa Malaysia to enhance sustainability reporting standards across the country,”

LSEG provides financial markets infrastructure and delivers analytics, financial data, news, and index products to more than 40,000 customers in 190 countries. With the new office in Malaysia, they look forward to adding more customers and value to their provided services.

Datuk Muhammad Azmi Zulkifli, CEO of InvestKL said, “We take pride in facilitating a leading global name such as LSEG into Greater Kuala Lumpur (GKL) and further realising their goals through deeper local ecosystem collaborations. LSEG’s decision to expand its footprint is a resounding testament to Malaysia’s ease of doing business, talent capabilities and highly developed digital infrastructure. We look forward to support LSEG’s growth plans in the region and further elevate GKL as a competitive investment hub for innovation and sustainability activities.”