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The paper tells us about the experience of a financial services company in managing its expatriation and repatriation processes. Data were gathered from official company sources and via in‐depth interviews with former expatriates. The analysis indicates that some 50 percent of people left the company following the repatriation within a few years after return. The experience gained by the company manifests the importance of proper management of the processes of expatriation and in particular repatriation. To attain a successful expatriation and repatriation the management should handle both processes as an integrated part of career management, since expatriation can form a crucial point in the development of a psychological contract between the employee and the company.

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