By Reuters Staff
(Adds other recent appointments, background on Ermut)
ISTANBUL, March 9 (Reuters) - Turkey named Salim Arda Ermut the new chief executive of its wealth fund on Tuesday in the latest in a flurry of top level changes that began in early November when a new central bank governor and finance minister were appointed.
In the last week alone, President Tayyip Erdogan’s government has also overseen leadership changes at the Turkish Statistical Institute (TUIK) and, on Monday, at the Borsa Istanbul.
Analysts said the moves, which also included two deputies under new Finance Minister Lutfi Elvan, were rapid and somewhat confusing even while they are common at the powerful state and financial institutions.
A gauge of global stocks was on track for its biggest one-day percentage climb in a week on Tuesday as a fall in U.S. Treasury yields eased concerns the economic recovery could overheat and lead to stronger-than-expected inflation.
South Africa's struggling state utility Eskom said on Tuesday that its board of directors would investigate an allegation of racism levelled against Chief Executive Andre de Ruyter.
Insurance Australia Group, the country's largest general insurer, said on Tuesday it had no net exposure to supply chain finance firm Greensill Capital, helping its shares recover from a sharp 10% drop earlier.