BIST Increasing MEPET.E 2.06 19.77 % IPEKE.E 0.73 19.67 % KOZAA.E 0.75 19.05 % SODSN.E 3.15 17.54 % ATLAS.E 0.83 16.90 % Decreasing ANSA.E 0.28 -17.65 % MCTAS.E 5.28 -16.19 % HZNDR.E 4.4 -10.75 % YONGA.E 279.9 -9.71 % YBTAS.E 1601 -6.37 % VIOP Most Change O_TUPRSE1216P49.00S0 % 2050,00 O_TUPRSE0916P50.00S0 % 1100,00 O_TUPRSE1216P50.00S0 % 975,00 O_TUPRSE0916P49.00S0 % 900,00 O_TTKOME0916C7.25S0 % 600,00 Highest Open Position F_XU0300816S0 270.236 F_TRYUSD0816S0 235.791 F_ISCTR0716S0 94.876 F_KRDMD0716S0 84.507 F_KRDMD1216S0 70.045

BORSA İSTANBUL A.Ş. BOARD





Himmet KARADAĞ / Chairman


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. Karadağ was elected as Borsa İstanbul Chairman on April 1, 2016. He is married with four children.



Osman SARAÇ / Deputy Chairman

Osman Saraç earned a BA degree from Ankara University Political Sciences Faculty International Relations Department, and MA degree from Gazi University Social Sciences Institute Finance Department. He is currently studying on his doctorate at Marmara University Banking and Insurance Institute on banking. Saraç worked as Financial Inspector at the Ministry of Finance between 1998 and 2005; as Vice Chairman of Istanbul Gold Exchange between 2005 and 2006, and as Chairman of Istanbul Gold Exchange between 2006 and 2013. Between 2013 and 2016, he worked as sworn CPA and consultant. Furthermore, he was the Chairman of a participation of Kalkınma Bankası A.Ş. in 2005 and a Jewelry Assembly Member and Capital Markets Assembly Member at the Union of Chambers and Commodity Exchanges of Turkey (TOBB) between 2005 and 2013. Osman Saraç has authored four books, and numerous professional and scientific articles. Saraç was elected as Borsa İstanbul Board member at Borsa İstanbul General Assembly meeting on April 1, 2016. He was appointed as Deputy Chairman and CEO on the same day.


Seyit Ahmet IŞKIN / Member

Born in Sivas in 1973, Seyit Ahmet Işkın graduated with a B.S. degree from Istanbul University Faculty of Political Science in 1996. He received his M.S. degree program in Banking at Marmara University Banking and Insurance Institute. He is Ph.D. candidate at Haliç University’s Management Doctorate Program. During years 1996-1999 he served as General Secreteriat for a non-governmental organization. During the period 1999-2007, he performed in auditing and controlling units of miscellaneous instituitions operating in Banking, Financial Leasing and Capital Markets sector. Between 2008 and 2013, he worked as President of Supervisory Board and Vice President in Istanbul Gold Exchange. As an offical representative of Istanbul Gold Exchange, he was the member of Markets and Instruments Committee of Istanbul International Financial Center and presented membership in the Tenth Development Plan of Speciliazation Commission of Financial Services. Işkın, vice president of Alumni‘s Society of Istanbul University Faculty of Political Science and a member of Turkey’s Institute of Internal Auditors, has books and articles published in Banking field. He is married and has two children.



Melikşah UTKU / Member

Mr. Utku was born in Ankara in 1968. He graduated from Mechanical Engineering Department of Boğaziçi University (Istanbul, 1990). He completed his graduate studies in London School of Economics (1990-1992) and Masters Degree on economic development in Marmara University (Istanbul, 1998). In 2004, he served as consultant to the General Manager of Albaraka Turk. He worked as the head economist on Albaraka Turk between In 2006 - 2007, and after completing the IPO of the bank, worked as the Investor Relations Manager from 2007-2009. He was appointed Assistant General Manager in December 2009 primarily responsible for Financial Control, Budget and Reporting and Public Relations. In addition, he was an economics columnist for Yeni Şafak newspaper for over 10 years (1995-2009).


Bilal TOPÇU / Member

Bilal Topçu was born in Yahyalı, Kayseri in 1974. He completed his primary and secondary education in Yahyalı. Topçu was admitted to Ankara University Faculty of Political Sciences Department of Economics in 1992, where he graduated in 1997. He passed the Ministry of Customs’ recruitment examination in 1998 and started his career as assistant specialist at the General Directorate of Customs, Exports Incentives Department. He succeeded in Borsa İstanbul (formerly Istanbul Stock Exchange) recruitment examination, and was recruited as Assistant Inspector at the Inspection Board in 1999. He passed the examination and was promoted as Inspector in 2002. He earned his MA at Marmara University, Banking and Insurance Institute, Capital Markets and the Stock Exchange Department in 2005. He received his Certified Public Accountant certificate in 2006. He was promoted as Chief Inspector at the Istanbul Stock Exchange in 2007. Between 2010 and 2012, he worked as auditor and manager with a construction company. Between 2013 and 2015, he assumed executive positions in media companies. He was appointed as Accounting and Finance Manager to Turkey’s energy exchange Enerji Piyasaları İşletme A.Ş. (EPİAŞ), established in March 2015. He played an active role in designing and establishing the accounting and financial system of EPİAŞ. He was elected as Board member of Borsa İstanbul A.Ş. at its 2016 General Assembly meeting, and as Chairman of the Corporate Governance Committee and member of the Audit Committee by the Board. Bilal Topçu is married with three children.



Prof. Erişah ARICAN / 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.



Nicola BEATTIE / Member

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 / 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 KESTELLİ / Member

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.



Murat TACİR / Member

Murat Tacir was born in Istanbul in 1970. After completing his secondary and high school education in Kadıköy Maarif College, he had studied at Istanbul University, the department of Business Administration in English. Thereafter, he furthered his education at University of California Berkeley in the field of Marketing. He launched his career in 1994 in Sümer Plastik A.Ş. and he carried out his duty for 3 years. In Tacirler Securities that he has been continuing his carrer within since 1995, after being assinged to various duties, he had reprepresented the company as General Manager and Member of the Board of Directors. As from 1 April 2015, he has been officiating as Vice Chairman and Executive Director. In addition to these, he had carried out the membership of Auditing Committee of Istanbul Stock Exchange between the years of 2012 and 2013. He is also maintaining the membership of Stock Exchange Brokers’ Managers Association and Turkish Institutional Investors Association. Mr. Tacir is married and has two children.