MUFG Investor Services FinTech Limited has announced its plans to open a representative office in Lithuania, it’s first office in the country. The location’s aim will be to attract new talent in the region to grow the firm’s existing team of technology professionals.

The MUFG Investor Services gained a fintech arm following the acquisition of post-trade startup Point Nine and rebranded as MUFG Investor Services FinTech Limited (MUFG ISFT).

According to Pavlos Christoforou, CEO and CTO at MUFG ISFT, the presence in Lithuania will allow the company to increase its agility and flexibility in the changing business landscape.

MUFG ISFT serves as a Centre of Excellence for MUFG Investor Services and specialises in software development, maintenance, project management, IT advisory services and cloud infrastructure management.

“We are impressed with the support we get from the Lithuanian authorities but most importantly with the attitude and technical skills of our Lithuanian team members, thus we are taking a long term view on Lithuania and proceeding to establish presence in Lithuania”,

says Pavlos Christoforou, CEO and CTO at MUFG ISFT.

After establishing the office in Lithuania, MUFG ISFT plans to start hiring skilled junior and senior developers, product owners and DevOps. Software developers versed in Python are going to comprise the majority of the newly established team.

MUFG ISFT joins Lithuania during the country’s ascent to the status of Europe’s main fintech hub. The Baltic country already has more than 200 fintech companies, and is second only to the UK when it comes to the number of licensed fintech entities.

Featured image: MUFG