Nasdaq strengthens its footprint in Vilnius by adding a further technology 100 employees

Nov 5, 2020
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Nasdaq (Nasdaq: NDAQ), one of the world’s leading exchange and technology companies, is expanding its headcount in Vilnius by adding an additional 100 technology employees. Nasdaq’s Global Technology and Business Services staff in Vilnius are part of a worldwide team who are responsible for the development and deployment of technologies that power over 130 marketplaces worldwide. The ongoing expansion of Nasdaq’s Vilnius office will continue to bolster the company’s global footprint, add further value to clients around the world and expand career opportunities for highly skilled and diverse talents in technology and finance working in Lithuania.

Since launching its Vilnius office in 2015, Nasdaq has expanded its employee base from 30 to 390 employees  over five years, making the Vilnius office Nasdaq’s second largest office in Europe and third largest globally.

According to Arminta Saladžienė, Vice President at Nasdaq and Vilnius Site Lead, Nasdaq’s rapid and continuous expansion in Lithuania has been driven by the advantages the country’s technology and business services sectors have to offer.

“Vilnius has two main features that are essential for global business services: a well-developed infrastructure and a robust pool of highly skilled technology and finance professionals. This combination has really escalated our ability to scale and expand the services and technologies we provide globally from our Vilnius tech hub. During  this next phase of our expansion, we will focus on further consolidating and reinforcing our strength in core competencies such as data analytics, technology development, cybersecurity and cloud operations,” explains Saladžienė.

The Vilnius team of Nasdaq’s Global Technology unit are integral to developing, testing and delivering state-of-the-art technology which powers trading venues, clearinghouses, CSDs and corporates around the world. Several growth and development areas of Nasdaq’s Vilnius hub will include software development, quality assurance (QA), cloud engineering, cyber security, business & data analysis, Market Technology client success.

“Nasdaq‘s increase in hiring in Vilnius is a further endorsement of Lithuania’s high calibre of talent and strong business-oriented operating environment. Nasdaq’s eagerness to embrace cutting-edge innovation will create more  high-quality and exciting career opportunities, allowing Vilnius to maintain its strengthening role in Europe‘s capital market ecosystem,“ said Marius Skuodis, the Vice Minister of Economy and Innovation.

According to Mantas Katinas, the managing director of Invest Lithuania, Nasdaq’s decision to expand its team in Lithuania demonstrates the crucial role the Vilnius office plays in delivering technology and market services to Nasdaq’s clients.

“Since its establishment, Nasdaq has been at the vanguard of Lithuania’s GBS and ICT industries, and one of the country’s most desired employers. I am delighted that, despite the ongoing changes in various markets due to the COVID-19 pandemic, the company is strengthening its operations in Lithuania. Now more than ever, it is crucial to continue to improve the country’s competences in areas such as software development, cybersecurity and cloud operations,” states Mr. Katinas.

Despite the ongoing global pandemic, Nasdaq is demonstrating leadership and resiliency.  Its Vilnius office will continue to play a key role in strengthening its global position.

About the company

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit it on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

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