Ziraat Bank of Turkey CEO Aydın steps down; cabinet position possible ahvalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ahvalnews.com Daily Mail and Mail on Sunday newspapers.
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.
ANKARA: Mehmet Hakan Atilla, CEO of Turkey’s Istanbul Stock Exchange (Borsa Istanbul), resigned from his post on Monday, triggering doubts about the motivations behind this abrupt move at the one of key economic managerial posts of the country.
Atilla was appointed to his post in October 2019 in a controversial decision just after being sentenced to 32 months in prison in the US for helping Iran circumvent sanctions while he was deputy executive at Turkey’s state-run Halkbank a case Turkish President Recep Tayyip Erdogan considered a politically motivated assault against the Turkish government.
Atilla served a 28-month jail term in the US and was released in 2019, when he was appointed as head of the stock exchange by Erdogan’s son-in-law and former Finance Minister Berat Albayrak.
Chief Executive of Istanbul Exchange Steps Down aawsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aawsat.com Daily Mail and Mail on Sunday newspapers.