Breaking news – FX people moves: Turley leaves Deutsche
Jim Turley is believed to be taking a sabbatical from his role as global head of institutional client group at Deutsche Bank. Turley assumed the position just over a year ago after he left his role as head of global currencies and commodities, a role he initially took in November 2001.
During his tenure, Turley oversaw – and can take much of the credit for – Deutsche’s emergence as the global powerhouse it is today in foreign exchange. Both competitors and his staff are said to hold him in high regard. “In my humble opinion, he was a top man – but he was a trader, so when he left FX I couldn’t understand why they [Deutsche] gave him a job running sales,” says one of his former subordinates.
The global head of FX at a fellow Euromoney top-five bank echoes this view. “He’s a great guy and really genuine individual,” he says. At the time of writing, Deutsche’s press office had not confirmed Turley’s departure or given any details of his replacement.