Moody's to set up in Vilnius

Moody’s Corporation has chosen Vilnius as the location for its newest European office. Moody’s provides credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s expects to grow its new office over the next few years and chose Vilnius over a number of other European cities. Hiring of staff started in January, 2019.

“After long and careful deliberation, we chose Vilnius because of its educated and multilingual talent pool, its highly-developed IT infrastructure and its business-friendly environment,” said Duncan Neilson, SVP HR Regional Lead EMEA. “Given our goals of hiring diverse talent and further developing our automation and cyber security capabilities, choosing Lithuania as our newest EU location makes good business sense.”
The scope of this investment project covers positions that support the ratings and research businesses and operations in areas such as finance, human resources operations, information security, and information technology. Moody’s expects to initially fill the roles with both recent graduates in junior roles, and experienced candidates in senior roles.
“Moody’s business in Lithuania will be the biggest project we have seen in terms of sophistication of functions and projected growth in the business services sector. This project is as important to the country’s business services sector as last year’s major automotive investments were for the manufacturing industry. This investment will propel the sector to a higher level and will help Lithuania to become a leader of the business services sector in Central and Eastern Europe,” said Virginijus Sinkevičius, the country’s Minister of Economy.