Is­lamic fi­nance ex­pert to take se­nior role in Turk­ish cen­tral bank

Pakistan Observer - - ISLAMIC BANKING & FINANCE -

ANKARA—Turkey’s cen­tral bank will pro­mote the head of its mar­kets divi­sion to deputy gov­er­nor, of­fi­cials told Reuters, el­e­vat­ing an­other banker with Is­lamic fi­nance cre­den­tials to its pol­icy-set­ting com­mit­tee. Erkan Kil­imci is due to be named as one of the bank’s four deputy gov­er­nors shortly, the of­fi­cials said, de­clin­ing to be iden­ti­fied be­cause the in­for­ma­tion has not yet been made pub­lic.

One of the deputy gov­er­nor po­si­tions was va­cated last week when Mu­rat Cetinkaya was pro­moted to gov­er­nor, re­plac­ing Er­dem Basci whose five-year term had ended. An­other deputy gov­er­nor, Tu­ralay Kenc, is serv­ing the last day of his five-year ten­ure on Fri­day. Of­fi­cials for the cen­tral bank could not be reached for com­ment. Like his new boss, Kil­imci is a 40year-old grad­u­ate of the po­lit­i­cal science and in­ter­na­tional re­la­tions de­part­ment of the pres­ti­gious Bospho­rus Uni­ver­sity, ac­cord­ing to in­for­ma­tion on his LinkedIn pro­file and the Is­tan­bul bourse web­site.

And like Cetinkaya - the first Is­lamic fi­nance spe­cial­ist to be­come cen­tral bank gov­er­nor in mod­ern Turkey - Kil­imci’s re­sume in­cludes prac­ti­cal ex­pe­ri­ence, hav­ing worked on Turkey’s first Is­lamic Ex­change Traded Fund (ETF) and some early Is­lamic bond is­suances.—Reuters

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