MUMBAI: Bloomberg 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.

As part of the company?s enhanced commitment, Bloomberg will also be providing specialised 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 internationalise its financial sector.

?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 Bloomberg CEO and President Dan Doctoroff.

"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."

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.

MUMBAI: Bloomberg has entered into a joint-venture partnership with IMG, the global leader in sports, fashion and media, to expand and accelerate the growth of its vertical division, Bloomberg Sports.

The new venture will still be majority owned by Bloomberg and will be located in offices in New York and London. The new venture will retain the name Bloomberg Sports, and will be funded through the partnership created by both entities.

IMG will have a strong minority equity position and will provide enhanced marketing, sales and production assistance for both the existing Bloomberg Sports analytics products as well as a new series of projects that will be rolled out this summer.

They will include new ventures in international professional soccer as well as greatly enhanced fantasy analytic products for NFL football.

This will be in addition to the work the company is already doing in Major League Baseball both on the consumer and professional level. Other products and services are currently in development with additional professional and consumer sports brands which will be announced at a later date.

?We are very excited to partner with IMG, one of the most respected global leaders in sports and entertainment, to expand a business that was the brainchild of two entrepreneurial employees and incubated through Bloomberg in just two years,? said Bloomberg CEO Dan Doctoroff.