Erdogan Picks Market Darling Simsek to Return as Turkey's Finance Chief

  • Ex-Merrill Lynch strategist to lead Turkey’s economic policies
  • President earlier promised new cabinet with global credibility
Mehmet SimsekPhotographer: Kostas Tsironis/Bloomberg
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Turkish President Recep Tayyip Erdogan will appoint Mehmet Simsek as his new treasury and finance minister, according to people with direct knowledge of the matter, bringing back an advocate of conventional economics to shore up market confidence after his re-election victory.