BANKING - Turkey Hires Ex-Islamic Banker Oztekin as Chief Regulator

www.businessweek.com -Turkey appointed Mukim Oztekin, formerly of Islamic banks Albaraka Turk Katilim Bankasi AS (ALBRK) and Asya Katilim Bankasi AS (ASYAB), chief of the country’s banking regulator.

The decision to hire Oztekin for five years was published in the Ankara-based Official Gazette today. He last worked as a board member of the Savings and Deposits Insurance Fund, which manages the assets of failed banks, according to state-run Anatolia news agency. He also worked at Turkiye Garanti Bankasi AS (GARAN), the country’s biggest bank by market value. (source)

CAPITAL MARKETS - APPOINTMENT - New İMKB President İbrahim Turhan assumes office

Mustafa İbrahim Turhan took over the office of president of the İstanbul Stock Exchange (İMKB) from Hüseyin Erkan at a ceremony held at İMKB headquarters in İstanbul on Monday.

Turhan, who was formerly one of the four vice governors of the Central Bank of Turkey, announced the new administration’s targets at the ceremony and praised former president Erkan for his high achievements that lacked any moral flaw. (source)

BANKING - Turkey's Central Bank board welcomes newcomers

Turkey’s Central Bank added a credit expert and Islamic economist to its board in a meeting Nov. 3.

Sabri Orman and Ahmet Faruk Aysan filled two empty seats on the board, the Central Bank said in a statement yesterday. (source)