Global exchange and financial firm Nasdaq Technology AB on Tuesday announced plans to expand its workforce in the Philippines to 400 by end-2024.
Nelson Griggs, president of Capital Access Platforms at Nasdaq, said in a news briefing the company planned to hire more people as it anticipates new roles across its current operations.
Many of the new employees will focus on capital markets, private market, indices, ESG (environmental, social and governance) and general financial data analysis, he said.
Nasdaq opened its Manila office in Taguig City 10 years ago with 100 employees. It now employs 300 workers across three divisions, including capital access platforms, anti-financial crime and market platforms.
“Nasdaq is proud of its 10-year track record in the Philippines, and it would not have been possible without our employees who have been instrumental in helping to fuel our success while delivering exceptional service to our clients,” Griggs said.
“We look forward to building on all of the team’s tremendous accomplishments, as well as doubling down our existing efforts to deliver continued growth for our clients locally and across the globe,” he said.
Griggs said the company was pleased with the quality of talent, the university development and productivity of employees in the Philippines.
“We are a growing company, and we plan to be bigger here in the next five years and that means we focus on site like Manila. It is hard for me not to see us not getting bigger with very meaningful jobs,” Griggs said.
Nasdaq’s workforce is comprised mostly of financial analysts, web developers and specialists and multimedia product managers engaged in higher-value technical services.
Nasdaq continues to allot a significant portion of its resources in Asia, emphasizing the importance of education in fostering confidence and paving the way for greater investor participation.
Nasdaq also offers data, analytics, exchange capabilities and client-centric services that enable its clients to optimize and execute their business visions with confidence.
