London Stock Exchange Group (LSEG) announced on May 2 it is setting up a new business services centre in the Romanian capital Bucharest.

The new shared services centre in Romania will help LSEG support its global operating entities. The new centre will employ personnel within the group’s shared services company, Business Services Ltd (BSL), which delivers technology, data services and corporate support functions.

“Romania offers LSEG a highly skilled workforce, a strong education system and good infrastructure. We have been delighted by the warm reception that we have received from the government of Romania, Invest Romania Agency and the local business community. We look forward to being an employer in Romania and contributing to the further development of capital markets skills in the country to support its future growth,” Murali Subrahmanyam, head of LSEG Business Services, said.

The Bucharest centre will initially employ 200 people across a range of roles and complements BSL’s existing operations in Colombo, Sri Lanka, which employs 480 people.

“We are delighted that London Stock Exchange Group has chosen Romania as a location for one of its strategic operational hubs, creating more than 200 skilled jobs in Bucharest. The long-term commitment to our country also reinforces the development of Romania’s capital markets capabilities,” Stefan-Radu Oprea, Romanian Minister for Business Environment, Trade and Entrepreneurship, said.