Post-trade technology vendor Arcesium has expanded its India-based operations with a new office in Delhi NCR.
The new office, located in DLF Cyber Park, a technology hub in Gurugram with state-of-the-art infrastructure, will be staffed with employees across technology, services, and other key functions.
Arcesium said the new office will initially staff over 300 employees across technology and Financial Services, a number which is expected to triple in the next two years.
This announcement follows additional recent geographic expansions, with the firm launching operations in London in September 2020 and Bangalore in October 2020 to boost its presence in Europe and Asia, respectively. The new Delhi NCR base will supplement the firm’s Hyderabad and Bangalore offices to support Arcesium’s global client base collectively.
“Arcesium’s launch in the Delhi NCR region cements our presence in key zones across India. In addition, the DLF Cyber Park office, with its world-class work environment, will offer greater flexibility to our employees. We aim to increase the office capacity from 300 members to over 1000 within two years by tapping into the region’s top-notch talent,” said Ranvijay Lamba, managing director and head of India at Arcesium.
The FinTech recently picked up two awards at Global Custodian’s Industry Leaders awards, firstly for Innovation in Fund Accounting and secondly, scooping the coveted Industry Person of the Year through David Nable, managing director, head of commercial strategy, client and partner development.
In an active year for Arcesium, the organisation has won mandates, added new talent and launched new products such as a performance allocations tool designed to streamline and reduce fund accounting risks.
“Arcesium has witnessed significant growth in recent years and now supports more than $675 billion in client assets, representing a near 17-fold increase in client AUM supported since inception. Our operations in India are an integral part of our continued growth. Through this expansion, we will be able to further scale our infrastructure to serve our clients’ sophisticated needs,” said Gaurav Suri, CEO of the New York-headquartered firm.