Deutsche Bank is bringing hundreds of programmers from its technology center in Russia to Berlin. Germany’s largest financial institution has offered all around 1,500 employees of its Russian IT center, which is spread across its St. Petersburg and Moscow locations, employment in Germany, the Handelsblatt newspaper reported (Tuesday). , citing insiders.
An average number of three-digit employees have already moved to the bank’s new technology center in Berlin, he said. Deutsche Bank would not comment on the report when asked.
At the beginning of March, Deutsche Bank had indicated that it considered the operational risks linked to a possible closure of the technology center in Russia as “very limited”: “This is only one of the bank’s many technology centers around the world; a failure therefore does not pose a significant risk to global business operations.” Deutsche Bank operates other data centers in Bucharest, the United States and India.
In its first quarter interim report, the DAX-listed group adopts a more cautious tone with regard to its technology center in Russia: “We are exposed to the risk that our ability to use these technological resources will be impaired or lost, for example , due to Western-imposed sanctions, state-initiated measures in Russia, or leadership actions.”
With the relocation of staff underway, Deutsche Bank is limiting its risk of loss of expertise if it becomes impossible to maintain the technology center in Russia due to tensions between the EU and Russia over the Russian attack on the Ukraine, writes the Handelsblatt.
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