LSEG opens office in Kuala Lumpur, Malaysia

Rick Steves

“We firmly believe in the potential of the local talent pool and are excited to expand our workforce, enabling us to better serve our clients while contributing to the growth and development of Malaysia’s financial sector.”

London Stock Exchange Group (LSEG) has taken a significant step forward in its global expansion strategy by announcing the opening of a new flagship office in Kuala Lumpur, Malaysia.

This move not only reaffirms LSEG’s commitment to the Malaysian market but also reflects the organization’s dedication to fostering local talent and contributing to the country’s economic growth.

Potential of the local talent pool and the prospects of Malaysia’s financial sector

LSEG’s history in Malaysia dates back to 2002 when it began establishing itself as a crucial player in the nation’s financial landscape. Over the years, LSEG has provided essential services, including delivering vital indices, global data, analytics, and capital markets expertise. As a result, the group has played an instrumental role in contributing to the growth of Malaysia’s economy.

The decision to establish a flagship office in Kuala Lumpur underscores LSEG’s belief in the potential of the local talent pool and the prospects of Malaysia’s financial sector.

The opening of LSEG’s flagship office in Kuala Lumpur not only marks a significant step in the company’s growth trajectory but also reflects Malaysia’s attractiveness as an investment destination and a hub for nurturing talent and fostering innovation. As LSEG deepens its roots in Southeast Asia, it is poised to contribute to the ongoing development of Malaysia’s financial sector while strengthening its global presence

“Recognition of Malaysia’s pro-business, pro-investment stand”

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

Thomas Frossell, Group Head of Customer Operations at LSEG, commented: “We are delighted to open our flagship office in Kuala Lumpur, reaffirming our commitment to the Malaysian market and its economic vision. We firmly believe in the potential of the local talent pool and are excited to expand our workforce, enabling us to better serve our clients while contributing to the growth and development of Malaysia’s financial sector.”

Frossell also highlighted the significance of the collaboration between LSEG and Bursa Malaysia in enhancing sustainability reporting standards across the country. This partnership aligns well with LSEG’s dedication to providing market infrastructure solutions that contribute to Malaysia’s global integration and the adoption of international best practices within the local financial ecosystem.

Datuk Muhammad Azmi Zulkifli, CEO of InvestKL, added: “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 supporting LSEG’s growth plans in the region and further elevating GKL as a competitive investment hub for innovation and sustainability activities.”

Read this next

Digital Assets

Coinbase nears deal to buy FTX Europe, lured by its derivatives business

Coinbase is reportedly in the final stages of negotiations to acquire FTX Europe, signaling its intent to expand in regions with well-defined cryptocurrency regulations.

Digital Assets

MicroStrategy buys more bitcoins as crypto bet loses +$600M

MicroStrategy has purchased another 5,445 bitcoins for approximately $147.3 million in cash, adding to its massive cryptocurrency holdings during a sharp drop in the price.

Digital Assets

TYRION Set To Decentralize The $377B Digital Advertising Industry

TYRION, a groundbreaking player in decentralized digital advertising, has launched its innovative blockchain-based platform aimed at disrupting an industry long dominated by centralized tech giants, by addressing issues like lack of transparency, data privacy, and declining ROI, while also offering features like social platform integration, robust analytics, and a deflationary mechanism for its native $TYRION token.

Institutional FX

TD Bank sells TD Cowen’s $1.3B business to Marex

London-headquartered commodities broker Marex has agreed to acquire TD Cowen’s prime brokerage and outsourced trading business, which will be integrated into Marex’s capital market division. This division was established following the acquisition of ED&F Man Capital Markets in 2022.

Retail FX

ThinkMarkets reports flat revenues, lower profit for FY2022

The UK business of Melbourne-based broker, ThinkMarkets, today reported its financial results for the fiscal year ending December 31, 2022. The multi-asset platform, trading in the UK as TF Global Markets UK, had seen mixed results in a couple of key areas over a yearly basis.

Institutional FX

Finalto named ‘Best CFD Liquidity Provider’ at Ultimate Fintech Awards Global 2023

“This recognition is a testament to our commitment to providing exceptional liquidity services, innovative solutions, and outstanding customer support. We would like to express our sincere gratitude to our clients and partners for their trust and support. We will continue our efforts and look forward to delivering even greater value to our clients in the future.”

Digital Assets

New Cryptocurrency Meme Kombat ($MK) Launches Public Token Presale, Staking Platform

Meme Kombat, a new gaming platform blending the allure of internet memes with competitive battle arenas, has announced that the presale for its native $MK token is now live, offering a high APY of 112% and creating significant buzz in the crypto and Web3 communities.

Digital Assets

Hydranet Launches Layer 3 DEX: A Game Changer for Trustless Cross-Chain Trading

Hydranet has unveiled its groundbreaking Layer 3 trading platform, Hydranet DEX, that allows for near-instant, low-fee, and trustless cross-chain trading between Bitcoin and Ethereum ecosystems, marking a significant milestone in the project’s development journey.

Digital Assets

Coinbase gets nod to launch crypto services in Spain

Coinbase has scored Anti-Money Laundering (AML) compliance registration with Spain’s central bank as part of its continued expansion efforts in Europe.