Data and analytics services provider Refinitiv is set to add 50 more employees to its payroll in Costa Rica, with the company officials saying that they are finding sufficient financial talent in the Central American country.
The new hires will be responsible for collecting, validating and adding value to the financial information that the company dispenses to stock investors around the world. Refinitiv’s current headcount in the country stands at 70.
The news comes amid reports that Refinitiv is being sold to the London Stock Exchange in a US$27 billion deal.
“In Refinitiv Costa Rica, we use our data and methodologies, the same applied in the main financial centers of the world, to provide solutions to institutional investors,” says Bolívar Rojas, general manager of Refinitiv in Costa Rica.
“This speaks well about the capabilities and talent of our employees, and how the country has positioned itself to attract high value-added investments.”
Another aspect that has apparently influenced the company’s expansion is the Central American country’s political stability, as well as the time zone, which allows the Costa Rica site to support the company’s operations in the United States and Latin America.
For IT-enabled services providers, Costa Rica has remained the most favorite destination in Central America. Multinationals like that of Refinitiv created more than 64,000 jobs between 2,000 and 2018, according to the country’s investment promotion agency CINDE.