Bankers Wanted for Turkey’s Planned $200 Billion Wealth Fund
- Fund said to be recruiting for positions including CFO, CIO
- Turkish government working on mass transfer of assets to fund
Pedestrians pass a giant Turkish national flag hanging above a DenizBank AS bank branch in Istanbul, Turkey, on Tuesday, July 19, 2016. Turkey's central bank slowed the pace of interest rate cuts at its meeting on Tuesday after the failed coup attempt triggered a sell-off in the currency and sovereign debt.
Turkey is seeking to recruit senior bankers to help run the country’s newly-established sovereign wealth fund, according to people with knowledge of the matter.
The Turkey Wealth Fund Management Inc., approved by parliament in August, is working with international executive search firms to hire for positions including chief investment officer and chief financial officer, said the people, asking not to be identified as the discussions are private. Potential candidates are already being interviewed, they said.