The Depository Trust & Clearing Corporation today announced that Jim Turley, co-head of group technology and operations (GTO) for Deutsche Bank, has been elected to its Board of Directors.
The DTCC board is currently composed of 19 directors. Of these, 12 are representatives of clearing agency participants, three are non-participant directors, two are designated by DTCC’s preferred shareholders, and the remaining two are DTCC’s executive chairman and its president and chief executive officer.
Jim Turley joins the Board as a clearing agency participant director.
Turley began his career at Deutsche Bank in 1989 ( in the Bankers Trust Company unit), and has held various senior management positions in both the business and infrastructure functions, including global head of foreign exchange and commodities and global head of the institutional client group. In 2011, he took on the role of global chief operating officer for the global transaction banking business.
Turley can thank John Parker, executive vice president at Wells Fargo Advisors and head of services and operations, who after five years of service, did not stand for re-election at the annual shareholders meeting and left the Board.
