Some Goldman Sachs Employees Moving Out of Russia to Dubai
- Dubai has emerged as key finance hub with friendly Russia ties
- Move driven by staff seeking shift, one of the people said
This article is for subscribers only.
A portion of Goldman Sachs Group Inc.’s Russia staff is relocating out of the country as firms react to a global effort to shut off the Russian economy after the invasion of Ukraine.
The Wall Street powerhouse is shifting some of its Moscow-based staff to Dubai, a key financial hub in the Middle East, according to people with knowledge of the matter, asking not to be identified discussing personnel moves. The relocation is being driven by its staff seeking to work from a different location, one of the people said.