Photo: Getty Images/Andreas Rentz
Germany’s former spy chief is now working for Deutsche Bank, according to a report by Der Spiegel.Ernst Uhrlau, 65, who retired as head of Germany’s foreign intelligence agency BND, has been employed as a freelance “global risk analyst” at the bank since the beginning of February, only two months after his retirement, a spokesman for Deutsche Bank confirmed, according to The Local.
His appointment has been cleared by Ronald Pofalla, chief of staff at the German chancellery, Abendblatt reports.
Uhrlau spent six years as president of the BND, and was also the secret service coordinator for the German government.
The ex-spy chief is perhaps best known for authorizing the purchase of personal data of suspected tax evaders from people who had stolen the information from foreign banks, particularly Swiss ones. One of the high-profile victims of the move was Klaus Zumwinkel, erstwhile head of Germany’s postal service, who was fined €1 million and given a two-year suspended sentence in 2009.
Uhrlau is not the first high-ranking government official Deutsche Bank has employed. Former Deputy Finance Minister Caio Koch-Weser became vice-chairman of the Deutsche Bank Group in 2006.
This spate of hiring former government personnel by private institutions has come under fire from Transparency International, which argues that at least three years should pass before employment or consulting positions are assumed by such people, according to Tagesschau.
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