Deutsche Bank Technology Center

In order to increase the technological potential, Deutsche Bank opened a development center in Moscow in 2001. He specializes in creating software for Deutsche Bank's investment business around the world, building high-performance, highly reliable, distributed information systems with ultra-low delays in transmitting and processing large streams of information. Later, the development center also had a representative office in St. Petersburg.

Performance indicators

2022: Revenue reduction by 16.9% to RUR 8,558 million

At the end of 2022, the revenue of the Deutsche Bank Technology Center decreased by 16.9% - to 8,558 million rubles (revenue from financial statements for 2021-2022 excluding VAT). In the ranking " TAdviser100: The largest IT companies in Russia 2023," such an indicator allowed the company to take 60th place.

History

2022

Export of hundreds of IT specialists from Russia to Germany

On June 7, 2022, it became known that several hundred specialists who worked in Deutsche Bank technology centers in Russia had moved to Germany. At the same time, the German financial organization has not yet decided what to do with Russian business.

According to The Wall Street Journal, citing a person familiar with the situation, Deutsche Bank offered about 1,500 employees in Russia to move to Berlin with their families, and half of them agreed.

Deutsche Bank took hundreds of IT specialists from Russia to Germany

This information was confirmed to the Financial Times by informed sources. It was not an evacuation, one said - it was "a routine staff relocation, though of course of a much larger size and scale than usual."

We made every effort to understand that [moving to Germany] is optional, "said one of the interlocutors of the publication, noting that no one was" blackmailed "and not forced to leave Russia against the will.

The employees who wished to move emigrated officially. It is noted that Deutsche Bank tried to organize the move as delicately as possible so that the employees remaining in Russia would not fall under the sanctions of the authorities. Due to the fact that the Russian borders remain open, the process was quite calm, the newspapers Financial Times and Handelsblatt note. Employees moved to Berlin via Helsinki and were soon able to start work. Meanwhile, by the beginning of June 2022, the bank continues to study opportunities for further cooperation with the specialists remaining in Russia.

A bank employee, in a conversation with a Financial Times journalist, noted that Russian colleagues were transported not only with families, but also with pets - "from hamsters to snakes." In total, about 2 thousand people left Russia, including IT specialists and their families.^[1]

The Russian development center Deutsche Bank is trying to re-associate employees to Berlin who want to have a little while

The Deutsche Bank Technology Center, the largest financial conglomerate in Germany in terms of employees and assets, is trying to transport the Russian development team to Berlin, two sources from market companies told TAdviser in May. According to them, the technical center offers the developers a move on the terms of maintaining Russian income. But expenses, taxes, and housing will be Berlin - that is, there will be more expenses at the same salary level. In addition, the relocation itself is associated with discomfort. As a result, there are still few people who want to move, says one of the interlocutors of TAdviser.

Deutsche Bank's technical center employs more than 1.4 thousand people in Russia "(photo - Reuters")

The Deutsche Bank technical center itself was unable to receive comments in connection with this situation.

According to the database of legal entities Kontur.Fokus, "as of 2021, more than 1.4 thousand people worked in the Deutsche Bank technical center, based in Moscow and St. Petersburg. The same source indicates that in 2020, on average, salaries in the industry were paid less by 45% than in the Deutsche Bank technical center.

Thanks to the software created by Russian specialists, the bank occupies a leading position in the world financial markets, according to the description of the technical center on recruiting sites. Russians have developed more than 2 thousand applications that are widely used by the group's companies in New York, Frankfurt am Main, London, Tokyo, Singapore and Hong Kong.

In early March 2022, against the background of a special operation in Ukraine, Deutsche Bank announced that it would cease its activities in Russia. The Financial Times newspaper then wrote that Deutsche Bank is preparing to lose about a quarter of the IT specialists of the investment bank^[2]. And although, according to the Financial Times, the main equipment is located in the EU, and the data is not stored in Russia, the loss of developer expertise can cause sharp and serious consequences, according to one of the newspaper's sources.

A bank executive anonymously told the Financial Times that creating such a strong reliance on Russian IT talent was a huge mistake. One even described the situation as a "big mess" for Deutsche Bank.

Officially, Deutsche Bank, at the request of the Financial Times, then replied that "Russia is only one of the many technology centers that we have around the world," adding that this will not affect everyday trading activities.

Deutsche Bank Technology Center in Russia has been operating since 2001. According to the Kontur.Fokus database, in 2021 its revenue amounted to 10.3 billion rubles, an increase of 16%.

2021: Revenue growth by 16.6% to RUB 10,301 million

At the end of 2021, Deutsche Bank Technology Center's revenue amounted to 10,301 million rubles, an increase of 16.6% compared to 2020, which allowed it to take 53rd place in the ranking of TAdviser100: The largest IT companies in Russia 2022. The revenue from the financial statements for 2020-2021 is indicated. Excluding VAT.

2020: Revenue - RUR 8,837 million

At the end of 2020, the revenue of Deutsche Bank Technology Center amounted to 8,837 million rubles.

Notes