Jim Turley, co-head of group technology and operations (GTO) for Deutsche Bank has been elected to the Depository Trust & Clearing Corporation's (DTCC) board of directors.

Turley will replace former director John Parker, executive vice president at Wells Fargo Advisors and head of services and operations, who did not stand for re-election at the annual shareholders meeting and has left the board after five years of service.

“We’re very fortunate to have Jim joining our board,” said Robert Druskin, executive chairman, DTCC. 

“We have a number of exciting opportunities ahead of us and Jim’s extensive experience in the financial services industry and global perspective will be invaluable as we continue to expand our mission to serve our clients and build upon our current momentum.”

Turley will join the 19-strong board of the post-trade market infrastructure for the global  financial services industry as a clearing agency participant director. He will help provide direction and oversight for the DTCC while promoting safety and stability across the global financial markets.

The board is comprised of 12 representatives of clearing agency participants, three non-participant directors, two representing DTCC preferred shareholders, and the remaining two are DTCC's executive chairman and its president and CEO. 

Turley has been with Deutsche Bank since 1989. He has held various senior management positions in both the business and infrastructure functions. Turley took on the role of global chief operating officer for the global transaction banking business.