Some Goldman Sachs employees moving out of Russia to Dubai -Bloomberg News
Reuters
Published Mar 06, 2022 03:34PM ET
(Reuters) - Goldman Sachs Group Inc (NYSE:GS) is shifting some of its Moscow-based employees to Dubai as its staff seeks to work from a different location following Russia's invasion of Ukraine, Bloomberg News reported on Sunday.
The move is not intended to be permanent as of now, the report added.
A one-time Goldman Sachs banker Georgy Egorov wrote an open letter to the company's CEO David Solomon this week calling on the Wall Street investment bank to exit Russia and re-locate staff from Moscow to stay "on the right side of history."
Goldman Sachs declined to comment on the report when contacted by Reuters.
Earlier this week, Goldman Sachs Asset Management reduced its Russian exposure in its GQG international equity fund to about $222 million, down from over $1.7 billion six months ago.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.