BIST Increasing EPLAS.E 4.17 11.20 % FMIZP.E 19.72 10.48 % EGCYH.E 0.12 9.09 % OYLUM.E 1.28 6.67 % OLMIP.E 4.3 5.91 % Decreasing DAGHL.E 1.53 -12.07 % PENGD.E 2.34 -9.30 % YONGA.E 5.83 -8.19 % IHYAY.E 0.5 -7.41 % MERIT.E 7.3 -7.24 % VIOP Most Change O_YKBNKE0519P2.36 % -100,00 O_YKBNKE0519P2.36 % -100,00 O_YKBNKE0519P2.36 % -100,00 O_YKBNKE0519P2.36 % -100,00 O_YKBNKE0519P2.36 % -100,00 Highest Open Position O_YKBNKE0519P2.36 00




Prof. Dr. Erişah ARICAN 

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. Dr. Erişah Arıcan was elected as Borsa İstanbul Board Member on April 1, 2016, as Board member of Turkiye Wealth Fund on September 12, 2018. Ms. Arıcan was elected as Chairperson of the Board at Ordinary General Assembly Meeting on September 27, 2018. She is married with two children.



Deputy Chairperson, Independent Member

Zafer Sonmez was born in Duzce, Turkey in 1974. He started his career at Interbank in 1997. He worked at Dışbank in 2000-2003 and at MNG Bank in 2004. Between 2005 and 2010, he served as Vice President at ABN AMRO Istanbul Branch Portfolio Management and Corporate Banking Departments and following that as Director at Royal Bank of Scotland Istanbul Branch, Corporate Banking Department between 2010 and 2011. Following that he worked at Khazanah Nasional Berhad as Senior Vice President between 2012 and 2013 responsible from investments in Turkey, Middle East and Central Asia. He was involved in the establishment of Khazanah Turkey Regional Office (“KTRO”) in 2013 and served as the Head of KTRO responsible from investments in Turkey, Middle East, CIS &CEE and North Africa. He also led Khazanah Africa Team from July 2017 till his appointment as CEO of Turkey Wealth Fund in September 2018. He was elected as a Vice Chairman of Borsa Istanbul on the Ordinary General Assembly on September 27, 2018. He graduated from University of Istanbul, School of Business Administration. He is married with a child and fluent in English.



CEO, Member of the Board

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.



Independent Member

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.



Ertuğrul ALTIN 
Independent Member




Prof. Dr. Fahrettin ALTUN

Independent Member

Director of Communications, Turkish Presidency. Fahrettin Altun received his undergraduate degree in Sociology from Istanbul University (1998) and a master’s degree in Sociology from Mimar Sinan University before completing the PhD program at Istanbul University in 2006. His dissertation was titled “A Comparative Analysis of the Media Theories of McLuhan and Baudrillard.” Having worked as a guest lecturer at the Department of Political Science at the University of Utah in 2002-2003, Altun served on the founding academic board of Istanbul Sehir University and became the founding coordinator of the Department of Communication. He was among the architects of the same university’s graduate program in Cultural Studies and serves as Chair of the Department of Cinema and Television in 2008-2014. Between 2015 and 2017, Altun taught at Istanbul Medeniyet University’s Department of Sociology. Most recently, he served as founding dean of the Department of Communication at the Ibn Khaldun University. Altun was a senior executive of the SETA Foundation for Political, Economic and Social Research in 2013-2018. He is the author of Modernization Theory: A Critical Introduction (Insan Publishing, 2017, 4th Edition), Press Freedom in Turkey (along with Ismail Çağlar and Turgay Yerlikaya; SETA Publishing, 2016) and Counter-Terrorism Strategies (along with Hasan Basri Yalçın; SETA Publishing, 2018). Altun’s articles have appeared in academic journals, including Middle East Critique, Insight Turkey and Perceptions. He contributed chapters to edited volumes such as The Turkish AK Party and Its Leader: Criticism, Opposition and Dissent (Routledge, 2016), Political Thought in Modern Turkey: Islamism (Iletisim, 2016) and Civil Society:Different Perspectives (Kaknus, 2016). He edited The Triumph of Turkish Democracy: The July 15 Coup Attempt and Its Aftermath (SETA Publishing, 2016) together with Burhanettin Duran and The Media on July 15: A Medium for the Coup and Resistance alongside Ismail Çağlar and Mehmet Akif Memmi. In his earlier career, Prof. Altun worked in the publishing industry and served as Advisor to the President of the Board of Higher Education (YÖK). He penned columns for Akşam, Sabah and Daily Sabah, and was a founder and Editor-in-Chief of the monthly magazine Kriter in 2016-2018. Altun worked with various national media outlets, including TRT and A Haber, as a commentator, host and producer. Prof. Altun’s areas of expertise include political communication, the sociology of media and communication, global studies and political sociology.




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. 



Erhan TOPAÇ 
as representative of Turkish Capital Markets Association, Board Member

Erhan Topaç was born in Uşak in 1953.  After his graduation from Ankara Science Highschool, he earned his BS degree from Bogazici University, Department of Mechanical Engineering in 1975. Later, he completed the MSc program in Mechanical Engineering in 1977 and pursued his PHD degree in Industrial Engineering at the same university. He worked as a Researcher at Bogazici University between 1971-1979. He continued his career with Eczacibasi Holding Strategic&Planning Department between 1979-1985 and after that he worked as a Consultant of General Manager and as a Marketing Manager at Ipek Kagit A.S. between 1985-1989. He served as a Marketing Manager at Pepsi Cola Incompany between 1989-1990. Since 1991, He has been co-founder of Gedik Investment and Chairman of the Board. In addition to his role, he has been carrying out Marbas Investments Chairman of the Board and as well as Gedik Investment Holding Chairman of the Board which has been listed on Borsa İstanbul. Between 2001-2003, he served as a Deputy Chairman of Turkish Capital Markets Association. He has been still working on industrial projects as the members of Borsa Aracı Kurumları Yöneticileri Derneği and Türkiye Finans Yöneticileri Vakfı. As of May 09, 2018 he was appointed as Turkish Capital Markets Association Chairman of the Board. Since August 31, 2018, Mr. Topaç is a member of Borsa İstanbul Board as representative of Turkish Capital Markets Association. He is married with one child.




Cem Demiroğlu was born in Diyarbakır in 1978. He graduated from Beşiktaş Atatürk Anadolu Lisesi in 1996, and earned a B.A. degree in Business Administration from Boğaziçi Üniversitesi in 2000. He obtained a masters degree in Finance (with a minor in Economics) from the University of Nebraska-Lincoln in 2001, and his Ph.D. in Finance from the University of Florida in 2008. He started his academic career as an Assistant Professor of Finance at Koç University. Since 2014, he has been serving as an Associate Professor on the faculty of Koç University where he teaches corporate finance, portfolio management, bank financial management, and private equity at both the graduate and undergraduate level. Professor Demiroğlu previously served on the faculties of University of Florida (2010-2011) and Bocconi University (Spring 2010) as a visiting professor. He has published several articles in top international academic journals including Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Management Science, Journal of Law and Economics, and Journal of Money, Credit, and Banking. His research interest include credit markets, credit rating agencies, banking, corporate finance, mortgages, securitization, and troubled debt restructurings and bankruptcy. He serves on the editorial boards of Journal of Banking and Finance, Journal of Capital Markets and Journal of Corporate Finance. He is also the recipient of the prestigious Outstanding Young Scholar Award granted by the Science Academy of Turkey. Professor Demiroğlu has been serving as an adviser to the Minister of Finance at the Republic of Turkey Ministry of Treasury and Finance. He was elected as Borsa İstanbul Board Member on September 27, 2018. He is married with one child.​




Mr. Tevfik Eraslan, who has 23 years of work experience, currently carries out his duty at Is Asset Management as Chief Executive Officer. He worked in the Treasury Department of an international financial institution between 1995-2001, before joining İş Asset Management in 2001. Mr. Eraslan served as Assistant Manager and Manager of the Pension Funds Department until 2008, and then as Executive Vice President in charge of Portfolio Management between 2008 and 2013. He was appointed CEO in September 2013. He attended in many executive programs from Pension Fund Management Seminars at The Wharton School of Economics and Global Asset Management Program at CFA Institute to Essentials of Management Program at the Columbia University. Mr. Eraslan holds a bachelor’s degree in Faculty of Economics from Istanbul University and a master’s degree in Capital Markets from the same university. Mr Eraslan serves as Chairman of Board of Directors of Luxembourg based Turkisfund; member of Board of Directors of Turkish Capital Markets Association and Turkish Institutional Investment Managers’ Association, and also the member of Turkey-Luxembourg Business Council and Turkey-Sweden Business Council of Foreign Economic Relations Board. Mr Tevfik Eraslan was elected as Board Member of Borsa İstanbul at Ordinary General Assembly Meeting on September 27, 2018