Deutsche Bank is bringing Russian IT experts to Berlin on a grand scale

Frankfurt Deutsche Bank has had several hundred of its Russian IT experts relocate to Berlin. Insiders told the Handelsblatt that a mid-three-digit number of the approximately 1,500 programmers at the Russian technology center had come to Germany. The bank offered all employees of the Russian tech center a job in Germany. The institute declined to comment.

The number of Russian employees moving to the bank’s new technology center in Berlin could still increase: Overall, a high three-digit number of Russian employees, in any case more than half, showed interest in the offer, said the Facts familiar to the Handelsblatt.

With this step, the bank is reducing its risk of losing an enormous amount of expertise if tensions between the EU and Russia over the Russian attack on Ukraine make it impossible to continue operating the technology center.