People: Erdoğan fires deputy governor

South Korea appoints new sovereign wealth fund chief; Fed lawyer moves to OCC; and more

Recep Tayyip Erdogan
Recep Tayyip Erdoğan
Photo: Flickr/US Department of Commerce

Turkey: President Recep Tayyip Erdoğan fired one of the deputy governors of the Turkish central bank on May 24, marking the third time the Turkish president has removed a central bank official since March.

Erdoğan dismissed Oğuzhan Özbaș, who had served as a deputy governor since August 2019. He appointed Semih Tümen in his place.

The Central Bank of the Republic of Turkey (CBRT) has four deputy governors. These serve on the central bank’s monetary policy committee (MPC) and executive

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