Appointments: Zar Amrolia returns to Deutsche Bank as global head of forex

Zar Amrolia has been appointed global head of foreign exchange at Deutsche Bank. His promotion is one of a number of senior-level changes at the bank. Amrolia replaces Jim Turley, who had the wider role of head of global currencies and commodities. In turn, Turley has moved to become global head of the institutional client group, replacing Brian Reid, who is taking a sabbatical after 21 years in the industry. Sources say that Reid intends to return to Deutsche in 2007. Someone familiar with Deutsche’s structure described Turley’s new role as “huge”. He will have global responsibility for the bank’s institutional investors and hedge funds.