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Foreign Exchange

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.

 More people moves

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