LSEG Opens New Flagship Office in Malaysia

London Stock Exchange Group (LSEG), a leading global financial markets infrastructure and data provider, has announced the opening of a new flagship office in Kuala Lumpur, Malaysia. The step "reinforces LSEG's commitment to nurturing local talent and fostering economic growth in Malaysia," the group said in the announcement.

Tengku Zafrul Aziz, Minister of Investment, Trade and Industry, Malaysia, commented: "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, said: "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 added: "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."

The strong balance sheet provides a solid financial foundation for the Group's global expansion. For the full year 2022​, LSEG reported the total income of £7,428 million, up 19.6% on year-on-year; operating profit of £1,417 million, up 33.1% YoY; and basic EPS of 141.8 pence, surged 65.3% YoY.