Deutsche Bank to hire 3,000 in India, Russia, Romania and the US

The Bank is in the midst of a digital transformation journey that is expected to result in huge cost savings


Deutsche Bank is all set to take on more than 3,000 technology professionals in 2021, to expand its teams at its technology centres in India, Russia, Romania and the US.

In March, the Bank had announced its plans to hire more than a 1,000 techies for its India team, including 300 freshers from various engineering campuses across the country, including the IITs and NITs. These fresh graduates will be onboarded by July 2021.

With an aim to ramp up its existing IT systems and bring in more modern and advanced processes, the Bank recently streamlined global technology development processes across 20 fragmented tech talent groups located in more than 60 countries. This is part of the €13 billion that it is investing for digital transformation, which began in 2019 and is expected to carry on till next year. Changes were brought about in key tech locations including Pune, Bengaluru, Moscow, St Petersburg and Bucharest as part of this transformation plan. Soon standard applications will be put into use across the Bank, across businesses.

The Bank is trying to consolidate groups from where focused development of technology is anticipated in the future.

By doing away with outdated processes and technology, the Bank expects to save more than €150 million annually in costs, globally, by the end of next year.

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