The centre will be located in Kyiv, adding to those already established in Singapore and Prague.

EPAM Systems, one of the largest software engineering services providers in Eastern Europe, will build and operate Ukraine's most advanced and secure IT facility, with a team of up to 500 IT professionals in Kyiv by the end of 2012.

The investment will enable BarCap to further diversify its workforce locations allowing the firm to grow globally by 800 IT professionals this year alone with continued growth anticipated over the coming years.

Through EPAM, Barclays Capital will make an initial capital investment of more than US$2m in the highest standard of technology infrastructure from Hewlett Packard, Cisco and Microsoft among others.