According to them, before the start of the war in Ukraine, about 1.5 thousand employees engaged in the development and support of software worked in Moscow and St. Petersburg offices, which is about a quarter of all full-time IT specialists of Deutsche Bank.
The offer to move is said to have been accepted by half of all employees. We are talking about about two thousand people. They were officially moved, many flew to Germany via Finland. One of the FT sources said that Russian colleagues were transported to Germany not only with their families, but also with pets.
According to the interlocutor of Handelsblatt, the bank thus reduces the risk of losing specialists in case tensions between Russia and the EU make it impossible to continue the work of the technology center.
Following Russia’s invasion of Ukraine, Deutsche Bank said it was winding down business in Russia in line with legal and regulatory obligations, just like its international partners. RBC May 8 informedthat Deutsche Bank closed correspondent accounts of several Russian banks.