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Bloomberg Opens New State-of-the-Art Office in Kuala Lumpur

Bloomberg today expanded its commitment to Malaysia with the opening of a new office in Kuala Lumpur City Centre, featuring state-of-the-art training facilities, a broadcast studio and expanded floor space to allow for future expansion. The opening event was attended by Bloomberg L.P. CEO and President Dan Doctoroff, Bloomberg News Editor-in-Chief Matthew Winkler, Minister and CEO of PEMANDU Dato Sri Idris Jala, and senior government, business and finance figures.

“As Malaysia continues to grow in stature as a leading regional and international financial center, we will continue to add resources to this incredibly important market,” said Dan Doctoroff, CEO and President of Bloomberg L.P. "That's why we entered Malaysia over 20 years ago, and that's why we are opening a brand new state-of the art facility in Kuala Lumpur today. This new office provides a unique space in which to innovate, support our customers and stay ahead of trends and insights in the Malaysian economy, with ample room for us to grow even further with Malaysia."

As part of the company's enhanced commitment, Bloomberg will also be providing specialized training to 125 participants in areas including foreign exchange and Islamic finance at its new premises in support of the Financial Sector Talent Enrichment Programme (FSTEP).

Supported by the Malaysian financial services sector, FSTEP is an industry-driven project consisting of a one-year intensive training in banking and insurance. The programme is managed by Institut Bank-Bank Malaysia in collaboration with Bank Negara Malaysia, and aims to contribute in building a talent pool to serve the needs of the financial services industry.

The new office and added training commitment are part of Bloomberg’s ongoing investment in product development, news coverage and training in Malaysia, as ASEAN’s third largest economy continues to internationalize its financial sector.

Most recently, Bloomberg collaborated with Bank Negara Malaysia, the Association of Islamic Banking Institutions Malaysia and Bursa Malaysia to launch three sukuk indices for Malaysia, the world’s biggest sukuk market.

About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 310,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. Bloomberg News, delivered through the Bloomberg Professional service, television, radio, mobile, the Internet and two magazines, Bloomberg Businessweek and Bloomberg Markets, covers the world with more than 2,300 news and multimedia professionals at 146 bureaus in 72 countries. Headquartered in New York, Bloomberg employs more than 15,000 people in 192 locations around the world.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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