Business
StoneX Expands with IIBX Membership, New Offices in Pune and Bengaluru, India
BENGALURU, India, Oct. 28, 2024 (GLOBE NEWSWIRE) -- StoneX Group Inc., a Nasdaq-listed Fortune 100 financial services firm, has announced the opening of its
About this update from Stonex Group Inc.
[{"type":"text","content":"BENGALURU, India, Oct. 28, 2024 (GLOBE NEWSWIRE) -- StoneX Group Inc., a Nasdaq-listed Fortune 100 financial services firm, has announced the opening of its new offices in Pune and Bengaluru, with a collective capacity of 800 seats. This marks a significant expansion of its operations in India, and is part of StoneX's strategy to leverage India's deep talent pool. Since establishing its Global Capability Centre in India in 2019, StoneX has experienced remarkable growth, and now employs over 550 staff in-country, contributing to its global workforce of more than 4,300 employees. Greg Kallinikos, APAC CEO, StoneX, emphasised India's pivotal role in the Group’s technological advancements. \"India has consistently been at the forefront of technological innovation across various sectors, making it a natural choice for expanding our technology and support operations. The robust talent pool in the financial services sector has been another point of attraction in establishing our Global Capability Centres in Bangalore and Pune\", Kallinikos stated. Abbey Perkins, Chief Information Officer, StoneX, reiterated the company's commitment to the Indian market. \"This is a growing firm. We are a hiring firm, and our commitment to this market is strong\", Perkins said. Manu Dhir, General Manager, StoneX India, highlighted the company's journey and future aspirations. \"We started in India with one technology team for our Global Payments business, and have now matured into a cross-functional Global Capability Centre. We have been growing rapidly in terms of headcount numbers: almost 40% year-on-year. We offer substantial career growth opportunities, including leadership roles to our employees, and are also focused on recruiting top talent from local universities\", Dhir explained. GIFT CityIn addition to strengthening its Global Capability Centre presence in India, StoneX has established an office in GIFT City (Gujarat International Finance Tec-City) to facilitate trading in precious metals. StoneX successfully commenced operations in June 2024, trading in precious metals on the IIBX (India International Bullion Exchange), becoming the first international entity to be a trading and self-clearing member on IIBX. About StoneX Group Inc.:StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companie...