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IMKB appoints Turhan as new president

The Istanbul Stock Exchange (IMKB) has appointed Mustafa Ibrahim Turhan as its new president, according to a government decision published in the Official Gazette.

The former deputy governor of the Central Bank of Turkey will replace the outgoing head of the exchange, Huseyin Erkan and will serve for four years.

Turhan has been with the central bank for the past seven-and-a-half years, and was named vice governor in 2008. He was responsible for its communication strategy as well as its foreign relations and representative offices worldwide.

Today’s Zaman has reported that Turhan also served as a member of the bank’s Monetary Policy Committee (PPK), which played an important role in the nation’s fight against its current account deficit (CAD) in 2010.

Prior to working for Central Bank of Turkey, Turhan has been a researcher at the European Institute of the University of Geneva (IEUG) in Switzerland and Loughborough University’s Banking Center in the UK.

The exchange is also expected to announce the names of the three-member executive board this week.