Organization
Board of Directors

Prof. Dr. Erişah ARICAN

Chairperson

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.


Zafer SÖNMEZ

Member and Acting Chairperson

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 14.04.2020. He graduated from University of Istanbul, School of Business Administration. He is married with a child and fluent in English.


Mehmet Hakan ATİLLA

CEO and Member

Born in Ankara in 1970, Mehmet Hakan Atilla graduated from Gazi University, Faculty of Economics and Administrative Sciences, the Department of Economy. Atilla started his career as an assistant specialist in Research Development and Planning Directorate at Halkbank A.S. He pursued his career as a specalist in Banking Cards and Cash Management Directorate, as a supervisor and a manager in Strategic Planning Department, as Head of Financial Institutions and Investor Relations, as Board member of Halk Invest Audit and Halk Emeklilik, as Chairman of Halkbank Macedonia. He worked as Deputy General Manager in charge of International Banking in Halkbank between the year of 2011-2018.


Yunus ARINCI

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.


Metin KIRATLI

Member

Metin Kıratlı was born in Ereğli in 1969, he completed his high school education in Ereğli Cumhuriyet High School and his undergraduate education in 1990 at Ankara University Faculty of Law. He received his master's degree in 2015 from Istanbul Commerce University, Institute of Social Sciences, Department of Private Law. Between 1994 and 1998 he served as Judge in Ulaş (Sivas), between 1998 and 2000 he served as Judge in Çaldıran, between 2000 and 2003 he served as Judge in Yalvaç, between 2003 and 2004 he served as Judge in Manavgat, between 2004 and 2008 he served as Investigation Judge at Ministry of Justice General Directorate of Penal Affairs, between 2008 and 2011 he served as Head of Department at Ministry of Justice General Directorate of Penal Affairs, between 2011 and 2012 he served as Executive Vice President at Ministry of Justice General Directorate of Penal Affairs, between 2012 and 2014 he served as General Manager at Ministry of Justice General Directorate of Penal Affairs, between 2014 and July of 2018 he served as Assistant Secretariat General of the Presidency. He has been serving as Head of the Administrative Affairs of the Presidency. Kıratlı has been appointed as a member of the Board of Directors of Borsa İstanbul since April 12, 2019.


Prof. Dr. Fahrettin ALTUN

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.


Prof. Dr. Cem DEMİROĞLU

Independent Member

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.​


Tevfik ERASLAN

Independent Member

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


Gülsevin ÇİPLİ

Independent Member

After graduating from Boğaziçi University, Faculty of Economics and Administrative Sciences, Department of Economics, Gülsevin Çipli began her career in 1984 in Documentary Credits Department of American Express Bank, Istanbul main branch, and became Deputy Manager in the Capital Markets Group in 1987. She assumed responsibility for the Corporate Finance and Brokerage divisions with specific focus on IPO’s, trading, sales and investment advisory. In 1989, she served as Deputy Manager in the Treasury Department of Koç Amerikan Bank A.Ş. and as the head of the Foreign Exchange, Money Markets and Fixed Income Securities desks, respectively. She was also responsible for the investment strategy and asset allocation for high net worth clients, foundations and endowments. She continued her career in retail and private banking and held several executive positions from 1994 to 2003. She became Group Head of Sales of Private Banking and Wealth Management at Koçbank A.Ş. in 2003. Following the Koçbank/Yapı Kredi merger in 2006, Gülsevin Yılmaz assumed responsibility for the sales management of private banking clients in the Private Banking and Wealth Management Unit supporting 250 private bankers nationwide. In April 2009, she was appointed CEO of Yapı Kredi Asset Management and a Board Member by April 2010. Ms. Çipli has also been part of various capital market unions and associations all these years, namely: 2009-2013 Board Member of Turkish Institutional Investment Managers’ Association (TKYD), 2013 Turkish Capital Markets Association (TCMA / TSPB) Auditing and Ethics Board Member, 2014-2018 Board Member of TCMA/TSPB for 2 terms, and from 2016-2018 Deputy Chairman of Capital Markets Licensing Registry and Training Agency representing TCMA/TSBP Between May 2013 and Dec 2018 she has assumed her role as CEO of Yapı Kredi Yatırım Menkul Degerler A.Ş and a Member of its Board. Çipli has been appointed as a Member of the Board of Directors of Borsa İstanbul since April 12, 2019.

Senior Management

Mehmet Hakan ATİLLA

CEO and Member

Born in Ankara in 1970, Mehmet Hakan Atilla graduated from Gazi University, Faculty of Economics and Administrative Sciences, the Department of Economy. Atilla started his career as an assistant specialist in Research Development and Planning Directorate at Halkbank A.S. He pursued his career as a specalist in Banking Cards and Cash Management Directorate, as a supervisor and a manager in Strategic Planning Department, as Head of Financial Institutions and Investor Relations, as Board member of Halk Invest Audit and Halk Emeklilik, as Chairman of Halkbank Macedonia. He worked as Deputy General Manager in charge of International Banking in Halkbank between the year of 2011-2018.


Ali ÖMÜRBEK

Executive Vice President

Ali Ömürbek earned his BS degree from the Istanbul Technical University, Department of Mathematical Engineering in 1991. Ömürbek started his career as System Analyst and developer in 1991, he continued his career in capital markets as Information Systems Manager for thirteen years. Ömürbek worked in Assistant General Manager at Halk Yatırım Menkul Değerler A.S for ten years. He is currently Executive Vice President responsible for market operations since November, 2018.


Alpogan Sabri ERDOĞAN

Executive Vice President

Alpogan Erdogan was born in Sivas in 1974. He earned his BS degree from Bogazici University, Department of Economics. After working as a treasury dealer in the banking industry for seven years, he continued his career in capital markets as an asset manager and a product/business developer for fourteen years. With his twenty one years’ experience in the financial services sector, He is currently Executive Vice President responsible for product development since October, 2018.


Arif Tuncay ERSÖZ

Chief Audit Executive (Acting)

Arif Tuncay ERSÖZ graduated from the Department of Management Engineering at Istanbul Technical University in 1990. In 1992, he started to work as an assistant auditor at the Istanbul Stock Exchange, where he became an auditor in 1994 and, chief auditor in 1997. In 2016, he was appointed as the Deputy Chief Audit Executive. He was appointed as Acting Chief Audit Executive of Borsa İstanbul as of October 16, 2019.


Korkmaz Enes ERGUN, Ph.D.

Executive Vice President

Korkmaz Ergun earned his undergraduate degree at Ankara University Faculty of Political Science, Department of Business Administration in 1997 and started his career at Borsa İstanbul the same year. He completed his masters’ degree and PhD on Economics at Marmara University. Having administered the evaluation of the public offering of numerous companies and examination and market activities of the companies traded on Borsa İstanbul, Ergun has twenty two years’ experience in the stock exchange business and capital markets. He is currently Executive Vice President responsible for listing and index.


Mehmet GÖNEN

Executive Vice President

Born in Istanbul in 1971, Mehmet GONEN graduated from Bogazici University, Industrial Engineering Department in 1993 and earned his MBA from University of Michigan Ann Arbor in 1995. GONEN started his career as an Emerging Markets Trader at Cargill Financial Markets. He pursued his career as an Executive Director at Goldman Sachs International in London. Gonen worked in Assistant General Manager and General Manager capacity at StandardYatırım, BCP MillenniumBank, Merrill Lynch Turkey and Ziraat Yatırım Menkul Değerler A.S. He joined Borsa İstanbul as Executive Vice President in charge of Marketing and Business Development in March 2018.


Necdet KARDAN

Executive Vice President

Mr. Kardan received his undergraduate degree from Computer Engineering/Visual Communication Design department of Augsburg University. He completed the IT Asset&Inventory Management graduate program of the New Media Department of Donau University. Mr. Kardan began working at the Münih-Siemens Business Services Competence Center as a software engineer after working at various companies in Munich as an IT system operator. He worked at Siemens IT Solutions and Services as a software engineer and project manager until 2011. Mr. Kardan began working at Türkiye Petrolleri TPPD A.Ş. as an IT manager in 2011. He held the same position at Çalık Holding between 2012-2015. He worked as the IT Infrastructure and Operations Director between 10/2015-06/2016 at Bank Asya, which is managed under the TMSF (Savings Deposit Insurance Fund of Turkey). Afterwards, between 06/2016 and 10/2018 he was responsible for coordination of IT departments of affiliated and related corporations as Head of IT Department of the Ministry of Energy. During this period, he was elected as a Board Member of Botaş International and Eltemtek. He is currently an advisor on IT to the Minister of Treasury and Finance and a Board Member of Merkezi Kayıt Kuruluşu A.Ş.. Mr.Kardan is also serving as the Executive Vice President of IT Systems and Infrastructure at Borsa Istanbul.


Şenol DUMAN, Ph.D.

Executive Vice President

Şenol Duman earned his BA in Public Administration from Ankara University – Faculty of Political Science; his MA in Public Management from Carnegie Mellon University - Heinz School of Public Policy and Management; and a Ph.D. in Public Policy and International Relations from the University of Pittsburgh - Graduate School of Public and International Affairs. After returning to Turkey in 2003, he worked as Assistant Professor and Associate Dean at the School of Business of Atılım University for a year. From 2004 to 2008, he was in charge of sales and marketing as Chief Marketing Officer and Board Member of the government owned satellite company Türksat A.Ş. and also Executive Vice President and Board Member of Eurasiasat S.A., based in Monaco. In 2008, he became a partner of Aeroturq A.Ş., an enterprise operating in the satellite, telecommunications, aviation, and defense industries as General Manager and Board Member for 3 years. In 2011, he became the founding partner and General Manager of another enterprise, SM5 A.Ş., a high-tech venture company. He was a Board Member of Raintrade Petrokimya A.Ş. between April 2015 and April 2016. He was also the General Coordinator of internationally renowned D8 Fertilizer Association representing Turkey in the Association’s annual meetings from 2015 to 2016. He has been serving as an Independent Board Member of the Turkish Growth and Innovation Fund (TGIF) since April 2015. In January 2015, he went back to his professional career, assuming the role of Deputy Director General responsible for the supply chain of Gübretaş A.Ş., where he left in September 2016 to join Borsa İstanbul as Executive Vice President. Şenol Duman speaks fluent English.

Committees

AUDIT COMMITTEE MEMBERS

Yunus ARINCI (Chairman)

Tevfik ERASLAN (Member)

Cem DEMİROĞLU (Member)

CORPORATE GOVERNANCE COMMITTEE MEMBERS

Cem DEMİROĞLU (Chairman)

Zafer SÖNMEZ (Member)

Gülsevin ÇİPLİ (Member)

EARLY RISK ASSESSMENT COMMITTEE MEMBERS

Tevfik ERASLAN (Chairman)

Metin KIRATLI (Member)

Gülsevin ÇİPLİ (Member)

DISPUTE COMMITTEE MEMBERS

Uğur BOĞDAY (Chairman)

Mahir Kubilay DAĞLI (Member)

Uğur FİDAN (Member)

DISCIPLINARY COMMITTEE MEMBERS

Talip UZUN (Chairman)

Gökay YILMAZ (Member)

Hanife Ruhan ERTUĞ (Member)

Related Pages

Sustainability Committee

Organizational Structure

Headquarters

Legal Affairs

Corporate Communications

Risk Management, Internal Control and Compliance

Office of Board and Chief of Staff

Information Security

Audit and Surveillance Board

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Product Development

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Index

Listing and International Relations

Listing

International Relations

Information Technology

Trading Systems Development

Surrounding Systems Development

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