McKinsey Moves Moscow Staff to Kazakhstan
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Like many banks, consultancy firms have announced they are pulling out of Russia in response to the country’s attack on Ukraine.
McKinsey is the next audit firm to announce that it is moving its Russia-based staff out of the country. It will be relocating them to its existing Almaty office in Kazakhstan, citing people familiar.
Along with KMPG, PricewaterhouseCoopers and EY, McKinsey announced that it was severing ties with Russian business partners soon after the war broke out in Ukraine.
McKinsey, whose clients included Rosneft and Gazprom, has over 700 staff in Russia, according to the report. Its Almaty office is also strongly focused on the energy sector, it said.
Furthermore, Boston Consulting Group is looking at relocating staff to Azerbaijan, the report added, citing a person familiar.
Questions & Answers
Q.Which other companies have also announced they are pulling out of Russia?
Which other companies have also announced they are pulling out of Russia?
KPMG, PricewaterhouseCoopers, and EY have all announced they are severing ties with Russian business partners. Boston Consulting Group is also looking at relocating its staff.
Q.How many staff did McKinsey have working in Russia?
How many staff did McKinsey have working in Russia?
McKinsey had over 700 staff based in Russia. These employees are now being relocated to the company's Almaty office in Kazakhstan following the decision to pull out.
Q.Which Russian companies were clients of McKinsey?
Which Russian companies were clients of McKinsey?
McKinsey's client list in Russia included Rosneft and Gazprom. These partnerships are now being severed as the consultancy firm pulls out of the country.
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