Capital Markets Board Law no. 6362 went into force after being in published in the Official Gazette dated December 30, 2012. Pursuant to article 138 of the Law, Borsa İstanbul A.Ş. was founded on the same date, for the purpose of serving as a securities exchange.

          Borsa İstanbul brings together all the exchanges operating in the Turkish capital markets under a single roof. Its Articles of Association was prepared by the Capital Markets Board, and following its approval by the Minister in charge, it was registered on April 3, 2013, thereby receiving a foundation and operation permit.

          The main purpose and field of activity of Borsa İstanbul is described as follows: "In accordance with the provisions of the Law and the related legislation, to ensure that capital markets instruments, foreign currencies, precious metals and gems, and other contracts, documents, and assets approved by the Capital Markets Board of Turkey are traded subject to free trade conditions in a facile and secure manner, in a transparent, efficient, competitive, fair and stable environment; to create, establish and develop markets, sub-markets, platforms, systems and other organized market places for the purpose of matching or facilitating the matching of the buy and sell orders for the above mentioned assets and to determine and announce the discovered prices; to manage and/or operate the aforementioned or other exchanges or markets of other exchanges; and to carry out the other activities listed in its Articles of Association."

          Established on the basis of Capital Markets Law no. 6362, Borsa İstanbul is subject to private law. Borsa İstanbul is a self-regulatory entity.

Mission And Vision 
To be a global integrated market place for Turkish and regional financial assets in future capital markets.
To provide a reliable, transparent, effective, fair, innovative, competitive and sustainable trading platform for all investors.



Source of Information



Prof. Dr. Erişah ARICAN 


          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.



Mehmet Hakan ATİLLA 
CEO, Member and Acting Chairperson


         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.



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 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



          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 CritiqueInsight 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 AkşamSabah 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.



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.​



Nicola Jane BEATTIE 


          Niki Beattie has more than 25 years of capital markets experience, particularly focusing on capital markets infrastructure and the impact of changing regulation and technology in trading, clearing and settlement.  She spent 17 years working at global investment banks.  Most of this time was spent at Merrill Lynch International where she was responsible for electronic trading solutions and setting up trading capabilities across Europe Middle East and Africa before becoming Managing Director and Head of EMEA Market Structure. Beattie is now CEO of Market Structure Partners, which she founded in 2008.  It provides strategic consulting advice to some of the world’s leading trading venues and clearing houses, global and regional investment banks, high frequency trading firms, hedge funds, private equity firms, asset managers and government bodies. Beattie also has a number of Non Executive Board roles; she is a member of the Board of Iress Ltd, a listed financial technology company in Australia, as well as being Chairman of Aquis Exchange in the UK and on the Board of Cheuvreux International Limited.  Between 2012 and 2016 she was on the Board of Moscow Exchange, MOEX when it went from being a private to publically listed company. Alongside these roles, she is also a member of the UK FCA’s Regulatory Decisions Committee and a member of the Secondary Markets Standing Committee for the European Secondary Markets Authority, ESMA.  Beattie has a first class honours degree in Information Systems and Management and a Certificate of Company Direction from the UK Institute of Directors. Beattie was elected as Borsa İstanbul Board Member on April 1, 2016. 



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.