BIST Increasing BEYAZ.E 22.8 20.00 % KERVT.E 2.77 19.91 % SODSN.E 4.85 18.87 % COSMO.E 1.2 11.11 % ALYAG.E 0.69 9.52 % Decreasing ISFIN.E 3.54 -19.91 % OZGYO.E 10.1 -18.55 % ECBYO.E 1.69 -17.56 % KSTUR.E 10.35 -11.54 % MCTAS.E 11.99 -10.92 % VIOP Most Change O_EKGYOE0718C2.55 % 1400,00 O_EREGLE0618C11.20 % 310,53 O_EREGLE0618C9.80 % -100,00 O_EREGLE0618C9.80 % -100,00 O_EREGLE0618C9.80 % -100,00 Highest Open Position F_USDTRY0618 419.079 F_XU0300618 347.680 F_VAKBN0518 132.828 F_EKGYO0518 131.134 F_KRDMD0518 85.633



Chairman of the Board and the Executive Committee

Born in Denizli in 1974, Himmet Karadağ graduated from Antalya High School in 1991. He entered Gazi University Department of Public Administration the same year and graduated in 1995. He earned his MBA degree from the University of Exeter, Business School in 2010. Himmet Karadağ started his career in 1998 as Assistant Revenue Expert at Ministry of Finance Revenue Administration. He worked at the Tax Inspector Board (formerly Account Experts Board) of Ministry of Finance as Assistant Tax Inspector (formerly assistant account expert) between 1999 and 2002 and as Tax Inspector (formerly account expert) between 2002 and 2005. He served as Official Advisor to the Commissioner at the Revenue Administration between 2005 and 2006 and as Official Advisor to the Minister of Finance between 2006 and 2008. During the years 2009-2011, Karadağ worked at the Tax Inspector Board (formerly Account Experts Board) of Ministry of Finance as Senior Tax Inspector (formerly senior account expert) and Deputy Head of Group. Then, he worked as Head of Department at Ministry of Finance General Directorate of Revenue Policies in 2011 and 2012. Himmet Karadağ assumed the position of Board Member of the Capital Markets Board in 2012 and became the Deputy Chairman of the Board in January 2016. Appointed as Borsa İstanbul Chairman of the Board on April 1, 2016, Himmet Karadağ was elected as Board member of Türkiye Wealth Fund on January 19, 2017. He was appointed as Türkiye Wealth Fund Acting Chairman of the Board on September 8, 2017. He is married with four children.



Deputy Chairman

Yunus Arıncı was born in Kumru, Ordu on March 20, 1975 as the first child of his family.  He received his primary and high school education in Kumru. Between 1992 and 1996, he studied at Ankara University Political Sciences Faculty, Department of Public Administration.  He started his career as Assistant Inspector at the Prime Ministry in 1997, promoting to Inspector in 2000 and Head Inspector in 2007. He was assigned as Department Head to the Scientific and Technological Research Council of Turkey for a term of one year in 2005. He attended a post-graduate program at the Indiana University during 2007-2009 and was assigned as the Head of Prime Ministry Inspection Board on October 14, 2009. He has been Chairman of the State Supervisory Council since July 13, 2015. Arıncı represented Turkey in numerous events at the national and international level, led several national and international projects, and carried out significant investigations. He was elected as Board member at Borsa İstanbul’s Extraordinary General Assembly meeting held on October 31, 2016. Yunus Arıncı speaks English and is married with three children.



CEO, Member of the Board and the Executive Committee

Murat Çetinkaya was born in Ankara in 1970. He graduated from TED Ankara College in 1988, and earned his BS degree from the Middle East Technical University, Department of Metallurgical and Materials Engineering in 1992. He completed T.C. Ziraat Bankası AŞ Banking School in 1993 and earned an MA degree from Marmara University Banking and Insurance Institute, Banking Department in 2001.  He started his career with T.C. Ziraat Bankası A.Ş. Fund Management Department, and continued as Treasury Department Assistant Manager at Tekstilbank A.Ş. and Treasury Manager at Diler Yatırım Bankası A.Ş. Çetinkaya was appointed as the CEO of Halk Yatırım Menkul Değerler A.Ş. in August 2010 and was a Board member of Halk Portföy Yönetimi AŞ (portfolio management company) from its establishment until April 2013. He was a Board member of Halk Yatırım Menkul Değerler A.Ş. from this date until June 2017. With regard to sector representation, he was Deputy Chairman of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) Capital Markets Sector Assembly between 2013 and 2016, and Member and Chairman of Borsa İstanbul Disciplinary Committee between 2014 and 2016. Çetinkaya was the Chairman of the Capital Markets Professionals Association (EFFAS Türkiye) between 2013 and June 2017, and Board Member of the Turkish Capital Markets Association between May 2016 and June 2017. He was appointed as Borsa İstanbul A.Ş. CEO and Chairman of Takasbank A.Ş. on June 8, 2017.



Prof. Dr. Oral Erdoğan
Member of the Board and the Executive Committee

Prof. Erdoğan was born in Antalya in 1969. He earned his BS degree in the Naval Architecture and Marine Engineering Department of Istanbul Technical University (ITU). He later completed the MSc program in Management Engineering and his PhD at Istanbul Technical University Management Engineering Department. He worked for the Turkish Maritime Organization during 1990-1994, for the Istanbul Stock Exchange between 1994 and 2001, and as academician at Istanbul Bilgi University Faculty of Business, Department of Business Administration between 2001 and 2013. Prof. Erdoğan received the title of Associate Professor in finance in 2000 and became professor in 2005. Prof. Erdoğan has scientific studies in maritime field. Prof. Erdoğan started to work for Piri Reis University in 2013, where he held the positions of Management Faculty Dean and Vice President until May 2014, when he was appointed as President. Prof. Erdoğan’s main academic fields of study are financial management, financial markets, financial modeling, financial risk management and derivatives markets, and maritime administration and finance. Prof. Erdoğan has published several books and presented numerous papers at national and international conferences. In addition to his academic duties, Prof. Erdoğan has served as consultant to the Ministry of Transport, Maritime Affairs and Communications. He is currently advisor to the Chamber of Shipping and Kocaeli Chamber of Industry. Previously, he founded and directed the masters’ program on finance and capital markets certificate program at Bilgi University. Prof. Erdoğan was a Board member of Türksat A.Ş. between 2012 and 2014, and Aselsan A.Ş. between 2014 and 2016. He was elected as Board member of Türkiye Wealth Fund in January 2017. Prof. Dr. Oral Erdoğan is married with one child.



Prof. Dr. Erişah ARICAN
Independent Member

Prof. Erişah Arıcan started her academic career as research assistant at Marmara University Economics-Finance Department in 1988. She transferred to Marmara University Banking and Insurance Department in 1990 and with her thesis entitled “The Central Bank and the Auditing of Monetary Volumes”, earned her Ph.D. degree in 1991. She received an associate professor degree on Economic Policy in 1999, and professor degree at Marmara University Banking and Insurance Graduate School in 2015. Arıcan worked as Assistant Director and Board member of Marmara University Banking and Insurance Graduate School between 1998 and 2006, and as Director, between 2006 and 2015. She was appointed as the Director of Marmara University Banking and Insurance Institute in August 2015, and is currently in office.

In addition to her role as Marmara University Banking and Insurance Graduate School Banking Department Chairman and Board member she has been carrying out since 2002, Prof. Arıcan assumed the title of Marmara University Banking and Insurance Institute Banking Department Chairman and Board member in September 2015. Prof. Arıcan has numerous studies and books on Turkish economy, economic systems, money-banking, central bank practices, financial markets and organizations. Prof. Arıcan was elected as Borsa İstanbul Board Member on April 1, 2016. She is married with two children.




Niki Beattie has more than 25 years of capital markets experience, particularly focusing on capital markets infrastructure and the impact of changing regulation and technology in trading, clearing and settlement.  She spent 17 years working at global investment banks.  Most of this time was spent at Merrill Lynch International where she was responsible for electronic trading solutions and setting up trading capabilities across Europe Middle East and Africa before becoming Managing Director and Head of EMEA Market Structure. Beattie is now CEO of Market Structure Partners, which she founded in 2008.  It provides strategic consulting advice to some of the world’s leading trading venues and clearing houses, global and regional investment banks, high frequency trading firms, hedge funds, private equity firms, asset managers and government bodies. 

Beattie also has a number of Non Executive Board roles; she is a member of the Board of Iress Ltd, a listed financial technology company in Australia, as well as being Chairman of Aquis Exchange in the UK and on the Board of Cheuvreux International Limited.  Between 2012 and 2016 she was on the Board of Moscow Exchange, MOEX when it went from being a private to publically listed company. Alongside these roles, she is also a member of the UK FCA’s Regulatory Decisions Committee and a member of the Secondary Markets Standing Committee for the European Secondary Markets Authority, ESMA.  Beattie has a first class honours degree in Information Systems and Management and a Certificate of Company Direction from the UK Institute of Directors. Beattie was elected as Borsa İstanbul Board Member on April 1, 2016.




İlhami KOÇ
as representative of Turkish Capital Markets Association, Board Member

İlhami Koç graduated from Ankara University Faculty of Political Sciences in 1986, and started to work in the Inspection Board of Türkiye İş Bankası A.Ş. (İş Bank) the same year. Koç took part in inspection and interrogation efforts for İş Bankası, and in 1994, he was appointed to work temporarily in the management of a private bank transferred to the Central Bank of the Republic of Turkey. He was appointed as Assistant Director of İş Bankası Securities Department, where he was engaged in equity market transactions, investment fund management, and was also responsible for international capital markets operations. Koç was appointed as the Director responsible for the capital markets and portfolio management in İş Yatırım Menkul Değerler A.Ş. (İş Invest Securities) on January 3, 1997. İlhami Koç was promoted to Assistant General Manager on April 16, 1999, in which capacity, he was responsible for corporate finance, research, and domestic and international capital markets. He was appointed as the General Manager of İş Girişim Sermayesi Yatırım Ortaklığı A.Ş. (İş Venture Capital Investment Fund) on September 11, 2001, and then as General Manager of İş Yatırım Menkul Değerler A.Ş. on April 28, 2002. Koç was promoted as Assistant General Manager of Türkiye İş Bankası A.Ş. on January 30, 2013.

Koç has taken part in the boards of directors of various capital markets institutions, and is currently Chairman of İş Yatırım Menkul Değerler A.Ş., as well as board member of İşbank AG, CSJC Isbank and Şişe Cam Fabrikaları A.Ş.. İlhami Koç was elected as Turkish Capital Markets Association Chairman on July 8, 2014, and in this capacity, represents the Association in Borsa İstanbul Board. Koç has participated in numerous trainings, seminars and conferences in Turkey and abroad, and has lectured specialists and managers of varying levels on the capital markets. İlhami Koç is married with one child, and speaks English.




Işınsu Kestelli was born in Konya in 1962. After graduating from American Collegiate Institute high school in İzmir in 1981, she received her B.A. degree from the Faculty of Economics and Administrative Sciences of Dokuz Eylul University, İzmir in 1985. She started her career in 1992 by joining İzmir Commodity Exchange as a member of the Edible Oils Professional Committee, and became member of the Board of Directors in 1995. Mrs. Kestelli served as Vice Chairperson of the Board of Directors from 2003 to 2009 in İzmir Commodity Exchange where she was elected as Chairperson of the Board of Directors in 2009. Mrs. Kestelli has also serving as Chairperson of the Board of Directors in Turkish Derivatives Exchange since August 2007. Presently, Mrs. Kestelli is involved in international edible oil trade. She is founding partner in the privately owned Agrilink Agricultural Products Ltd Co. where she continues her trading activities. Mrs. Işınsu Kestelli is Member of numerous organizations such as TOBB External Relations Commissioner, Turkey-EU Joint Consultative Committee Member, Board of Women Entrepreneurs, KAGİDER, Aegean Economic Development Foundation (EGEV), Aegean Young Businessmen's Association (EGIAD) Advisory Board, İzmir Economic Development Coordination Board, Dokuz Eylul University Foundation Board of Directors, EXPO Steering Committee Member and Co-Chair of the Committee of İzmir Economy Congress Events. Mrs. Kestelli is married with one child and speaks English.




Born in 1961, T. Metin Ayışık graduated from Saint Michel French High School, followed by Istanbul University Faculty of Economics Business Administration/Statistics Department in 1983. He started his career at Beldesan, an affiliate of Koç Holding. Starting from 1987, Ayışık assumed senior executive roles in the leading banks and non-bank investment institutions of the Turkish capital markets.

Ayışık has worked to contribute to the development of the capital markets and has assumed positions including the Chairman and Deputy Chairman of the Turkish Capital Markets Intermediary Institutions’ Association; Board Member of the Turkish Derivatives Exchange; and Deputy Chairman of the Capital Markets Licensing and Training Company. Ayışık is currently the Chairman of Brokerage Companies Association. Before joining Gedik Yatırım in 2013, he was the CEO of Alternatif Menkul Kıymetler A.Ş.

Metin Ayışık is married with two children.



Independent Member