MUFG Investor Services FinTech Limited (MUFG ISFT) 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.

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. And when it comes to managing their teams, the company is a firm believer in participative management, an approach they promote by flattening otherwise complex hierarchical structures.

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.

“The arrival of MUFG Investor Services FinTech Limited is a testament of the strong technology competencies here in Lithuania. We are excited to welcome this global organisation as we continue to evolve our talent ecosystem that meets the rapidly growing demands of global businesses”, says Mantas Katinas, the managing director of Invest Lithuania.

About MUFG Investor Services FinTech Limited

MUFG Investor Services FinTech Limited (MUFG ISFT)is part of the Mitsubishi UFJ Financial Group. MUFG ISFT offers advanced technology solutions solely to the Group’s member companies to meet customers’ continuous banking and financial needs. MUFG ISFT adds the utmost value to MUFG Investor Services’s business operations by providing customised software solutions and support, advisory services, project management services, cloud infrastructure management services, and ancillary services.