Erdogan appoints former US executive to head Turkey’s central bank

Turkish president Recep Tayyip Erdogan has appointed a new central bank chief (Ali Unal/AP)

Turkish president Recep Tayyip Erdogan has appointed a former US-based executive to head Turkey’s central bank in another sign that his administration might pursue more conventional economic policies.

Mr Erdogan named Hafize Gaye Erkan, a former co-chief executive officer of the First Republic Bank, as governor.