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Board of Directors

Recep Tayyip Erdoğan President of the Turkish Republic
Prof. Dr. Erişah Arıcan Deputy Chairperson
Alpaslan Çakar Board Member
Burak Dağlıoğlu Board Member
Fuat Tosyalı Board Member
Mustafa Rifat Hisarcıklıoğlu Board Member
Salim Arda Ermut CEO and Board Member
Recep Tayyip Erdoğan
President of the Turkish Republic
Prof. Dr. Erişah Arıcan
Deputy Chairperson

Prof. Dr. Arıcan received an associate professorship degree on Economic Policy in 1999, and professorship degree at the Marmara University Banking and Insurance Graduate School in 2015. In addition to her role as the Chairperson and Board member of the Banking Department of the Marmara University Banking and Insurance Graduate School which she has carried out since 2002, Prof. Arıcan assumed the title of Marmara University Banking and Insurance Institute Banking Department Chairperson and Board member in September 2015. Ms. Arıcan has been the Chairperson of the Board of Directors of Borsa Istanbul since 27 September 2018.

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Alpaslan Çakar
Board Member

Graduated from Ankara University, Faculty of Political Sciences, and Department of Public Administration, Mr. Çakar started his career in 1996 at Ziraat Bank. Çakar served as Auditor and Branch Manager and was appointed as Regional Director-in-chief in 2005. Çakar, became the Head of Department in August 2007, served as Executive Vice President for Retail Banking, Executive Vice President for Operations, Executive Vice President for Consumer Banking and Executive Vice President for Retail Banking, He served as Executive Vice President for Distribution Channels Management between January 2016-July 2017, Executive Vice President for Payment Systems between July 2017-June 2018, Executive Vice President for Retail Banking-2 between June 2018-March 2021 and he has been serving as the CEO and member of Board of Ziraat Bank since March 2021.

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Burak Dağlıoğlu
Board Member

Mr. Dağlıoğlu is President of the Investment Office of the Presidency of the Republic of Türkiye since February 2020. Prior to his appointment as President of the Investment Office, Mr. Dağlıoğlu held a number of posts within the Office; from 2010 to 2015, he worked as Project Director in charge of investment projects from the Gulf Countries, India, Japan, and USA. From 2015 to 2020, Mr. Dağlıoğlu served as the Vice President of the Investment Office in charge of overseas promotion and lead generation activities. Earlier in his career, Mr. Dağlıoğlu worked in the private sector in consulting industry at various positions. Mr. Dağlıoğlu holds a BA in Economics from Boğaziçi University and MA degree in “Global Master in Finance” from IE Business School.


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Fuat Tosyalı
Board Member

Mr. Tosyalı is the Chairperson of the Board of Directors of Tosyalı Holding, a leading iron and steel company of Türkiye that realizes production in 3 different continents, exports to more than 80 countries and employs more than 10,000 people. In addition, Fuat Tosyalı maintains his duties as Chairperson of the Board for Association of Türkiye Steel Producers (TÇÜD), Executive Committee Member of Foreign Economic Affairs Board (DEIK) and Chairperson of Türkiye-Algeria Business Council. Mr. Fuat Tosyalı was appointed as a member of the Board of Directors of the TWF in September 2018.

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Mustafa Rifat Hisarcıklıoğlu
Board Member

Mr. Hisarcıklıoğlu has served as the President of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), the largest business organization in Türkiye since 2001, covering 365 chambers and commodity exchanges with 1.5 million members, and is currently the Chairperson of Eskihisar Group of Companies. Mr. Hisarcıklıoğlu, who has been decorated with Merit Badges, Honor Medals and Outstanding Service Awards by many governments and international organizations in recognition of his work and contributions to international economic development, also holds honorary doctorates awarded by a number of universities. He has worked in numerous international organizations and chamber organizations, especially EUROCHAMBRES, the ICC, the WCF, the ICCIA and the CACCI, was appointed as a member of the Board of Directors of TWF in September 2018.

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Salim Arda Ermut
CEO and Board Member

Mr. Ermut became a Press and Public Relations Consultant to the Prime Minister in 2005 after graduating from the Department of Political Science and International Relations at Boğaziçi University. Following various management positions in the Investment Support and Promotion Agency of Türkiye, which he joined in 2005 as a specialist, he was appointed as the President of the Agency in 2015 until February 2020. During his tenure, he played a role in bringing various international direct investments to Türkiye. He also served as the president of the World Association of Investment Promotion Agencies (WAIPA), Board Member of the SunExpress and Vienna Economic Forum between 2015-2019.


Appointed as a Board Member of Turkish Airlines in June 2019, Mr. Ermut acted as one of three members in Executive Committee. Served as a Board Member in Türkiye Wealth Fund between 2018-2020. Mr. Ermut was appointed as the CEO and Board Member of Türkiye Wealth Fund On March 2021.

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