Islamic finance expert to take senior role in Turkish central bank
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