Hüseyin Erkan
Encyclopedia
Hüseyin Erkan is a Turkish
high-ranking civil servant for finance and is currently the CEO of the Istanbul Stock Exchange
(ISE).
After graduating from high school in Konya Mr. Erkan completed a certificate program at the English Language Center in Brigthon, England. He received an Associate in Science (AS) degree from Orange County Community College in New York in 1979, then graduated from New York University Stern Business School with a B.S degree in Economics (1981) and an MBA in the fields of International Business and Finance (1984) with a thesis project on currency risk management at the United Nations Development Program (UNDP).
Early in his career, Mr. Erkan had extensive experience in the transportation, petroleum and manufacturing sectors. He entered the capital markets in 1989 as a Research Analyst working with foreign institutional investors. Subsequently, he worked as a Research Analyst on a retainer basis for Bankers Trust following various sectors in the capital markets of Turkey between 1992 and 1993. He became a partner and Deputy Chairman to Tezal Securities in Istanbul for two years and left the company prior to joining the Istanbul Stock Exchange (ISE) in 1994.
After working some years in the private sector, Hüseyin Erkan served between 1994 and 1996 as Director of Research and International Markets at the ISE. In 1995 he was promoted to Executive Vice Chairman at ISE and in 1996 to deputy CEO. He served at this position until 2006, and was at the same time board member of Takasbank, the Settlement and Custody Bank of ISE.
During his tenure at ISE Mr. Erkan had additional responsibilities as a member of the Executive Board of the Turkish-Japanese Business Counsel; Co-Director of projects with the OECD in SME financing and best practices for developing stock exchanges; representative of ISE at FEAS and other organisations such as the International Organization of Securities Commissions
(IOSCO), the World Federation of Exchanges (WFE), as well as being the Joint Project Coordinator of Southeast European Cooperative Initiative
(SECI) to implement a cooperation Project for the securities markets in the Balkans. He also initiated a project for the cooperation of securities markets of the Islamic countries in COMCEC Subcommittee under the Organisation of the Islamic Conference (OIC).
Prior to his appointment as the Chairman and Chief Executive Officer of the Istanbul Stock Exchange by the Turkish Government, Mr. Erkan was the Chief Advisor to the Board of Konya Sugar Company, the largest private sector group of companies in sugar refining and agricultural products in Turkey. He was responsible for restructuring the group's activities.
On November 2, 2007, Hüseyin Erkan was appointed Chairman and CEO of the same institution for five years replacing Osman Birsen
.
Erkan was elected a board member of the World Federation of Exchanges
(WFE) in October of 2008. In October 2010 he was re-elected for another two-year term. He is also the president of the Federation of Euro-Asian Stock Exchanges
(FEAS).
Turkey's ISE aims to compete with European Stock Exchanges, World Bulletin (English), 01/04/2011, retrieved 01/05/2011.
İMKB head says foreign hot money here for the long term, Today's Zaman (English), 12/25/2010, retrieved 12/25/2010.
High demand shows robustness of Istanbul bourse, Hürriyet Daily News (English), 12/02/2010, retrieved 01/05/2011.
Turkey launches joint investment fund with Greece, Hürriyet Daily News (English), 11/03/2010, retrieved 01/05/2011.
Bourse chief expects nine more ipo's this year, Hürriyet Daily News (English), 10/26/2010, retrieved 01/05/2011.
Hüseyin Erkan re-elected to global board, Hürriyet Daily News (English), 10/19/2010, retrieved 01/05/2011.
Turkey to host key finance sector names in Istanbul summit, World Bulletin (English), 07/31/2010, retrieved 01/05/2011.
Turkish-Greek stock exchange investment fund to be formed, World Bulletin (English), 06/17/2010, retrieved 01/05/2011.
US dollar gains against Turkish lira, ISE drops, World Bulletin (English), 05/07/2010, retrieved 01/05/2011.
Bourse launches initial public offering campaign, Hürriyet Daily News (English), 10/19/2009, retrieved 01/05/2011.
Turkish-Greek stock funds on the way, Hürriyet Daily News (English), 10/13/2009, retrieved 01/05/2011.
Euro-Asian bourses meet in Montenegro, Hürriyet Daily News (English), 09/30/2009, retrieved 01/05/2011.
Athens, Istanbul create joint index, Hürriyet Daily News (English), 09/28/2009, retrieved 01/05/2011.
'Tug-o-war' between bourses continues, Hürriyet Daily News (English), 08/11/2009, retrieved 01/05/2011.
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
high-ranking civil servant for finance and is currently the CEO of the Istanbul Stock Exchange
Istanbul Stock Exchange
The Istanbul Stock Exchange is the only corporation in Turkey for securities exchange established to provide trading in equities, bonds and bills, revenue-sharing certificates, private sector bonds, foreign securities and real estate certificates as well as international securities. The ISE was...
(ISE).
After graduating from high school in Konya Mr. Erkan completed a certificate program at the English Language Center in Brigthon, England. He received an Associate in Science (AS) degree from Orange County Community College in New York in 1979, then graduated from New York University Stern Business School with a B.S degree in Economics (1981) and an MBA in the fields of International Business and Finance (1984) with a thesis project on currency risk management at the United Nations Development Program (UNDP).
Early in his career, Mr. Erkan had extensive experience in the transportation, petroleum and manufacturing sectors. He entered the capital markets in 1989 as a Research Analyst working with foreign institutional investors. Subsequently, he worked as a Research Analyst on a retainer basis for Bankers Trust following various sectors in the capital markets of Turkey between 1992 and 1993. He became a partner and Deputy Chairman to Tezal Securities in Istanbul for two years and left the company prior to joining the Istanbul Stock Exchange (ISE) in 1994.
After working some years in the private sector, Hüseyin Erkan served between 1994 and 1996 as Director of Research and International Markets at the ISE. In 1995 he was promoted to Executive Vice Chairman at ISE and in 1996 to deputy CEO. He served at this position until 2006, and was at the same time board member of Takasbank, the Settlement and Custody Bank of ISE.
During his tenure at ISE Mr. Erkan had additional responsibilities as a member of the Executive Board of the Turkish-Japanese Business Counsel; Co-Director of projects with the OECD in SME financing and best practices for developing stock exchanges; representative of ISE at FEAS and other organisations such as the International Organization of Securities Commissions
International Organization of Securities Commissions
The International Organization of Securities Commissions is an association of organisations that regulate the world’s securities and futures markets....
(IOSCO), the World Federation of Exchanges (WFE), as well as being the Joint Project Coordinator of Southeast European Cooperative Initiative
Southeast European Cooperative Initiative
The Southeast European Cooperative Initiative, or the SECI, has been an initiative that, under the auspices of men like Erhard Busek and Richard Schifter, has been successful in providing stability in an unstable region and has found support in international organizations and countries...
(SECI) to implement a cooperation Project for the securities markets in the Balkans. He also initiated a project for the cooperation of securities markets of the Islamic countries in COMCEC Subcommittee under the Organisation of the Islamic Conference (OIC).
Prior to his appointment as the Chairman and Chief Executive Officer of the Istanbul Stock Exchange by the Turkish Government, Mr. Erkan was the Chief Advisor to the Board of Konya Sugar Company, the largest private sector group of companies in sugar refining and agricultural products in Turkey. He was responsible for restructuring the group's activities.
On November 2, 2007, Hüseyin Erkan was appointed Chairman and CEO of the same institution for five years replacing Osman Birsen
Osman Birsen
Osman Birsen is a Turkish high-ranking civil servant for finance and was the CEO of the Istanbul Stock Exchange between 1997 and 2007....
.
Erkan was elected a board member of the World Federation of Exchanges
World Federation of Exchanges
The World Federation of Exchanges , formerly FIBV - Federation Internationale des Bourses de Valeurs , is an international organization for securities and derivative markets such as stock exchanges....
(WFE) in October of 2008. In October 2010 he was re-elected for another two-year term. He is also the president of the Federation of Euro-Asian Stock Exchanges
Federation of Euro-Asian Stock Exchanges
The Federation of Euro-Asian Stock Exchanges is a non-profit international organization comprising the main stock exchanges in Eastern Europe, the Middle East and Central Asia. It was established on May 16, 1995 with 12 founding members...
(FEAS).
Citations
Istanbul bourse launches participation index, Hürriyet Daily News (English), 01/06/2011, retrieved 01/12/2011.Turkey's ISE aims to compete with European Stock Exchanges, World Bulletin (English), 01/04/2011, retrieved 01/05/2011.
İMKB head says foreign hot money here for the long term, Today's Zaman (English), 12/25/2010, retrieved 12/25/2010.
High demand shows robustness of Istanbul bourse, Hürriyet Daily News (English), 12/02/2010, retrieved 01/05/2011.
Turkey launches joint investment fund with Greece, Hürriyet Daily News (English), 11/03/2010, retrieved 01/05/2011.
Bourse chief expects nine more ipo's this year, Hürriyet Daily News (English), 10/26/2010, retrieved 01/05/2011.
Hüseyin Erkan re-elected to global board, Hürriyet Daily News (English), 10/19/2010, retrieved 01/05/2011.
Turkey to host key finance sector names in Istanbul summit, World Bulletin (English), 07/31/2010, retrieved 01/05/2011.
Turkish-Greek stock exchange investment fund to be formed, World Bulletin (English), 06/17/2010, retrieved 01/05/2011.
US dollar gains against Turkish lira, ISE drops, World Bulletin (English), 05/07/2010, retrieved 01/05/2011.
Bourse launches initial public offering campaign, Hürriyet Daily News (English), 10/19/2009, retrieved 01/05/2011.
Turkish-Greek stock funds on the way, Hürriyet Daily News (English), 10/13/2009, retrieved 01/05/2011.
Euro-Asian bourses meet in Montenegro, Hürriyet Daily News (English), 09/30/2009, retrieved 01/05/2011.
Athens, Istanbul create joint index, Hürriyet Daily News (English), 09/28/2009, retrieved 01/05/2011.
'Tug-o-war' between bourses continues, Hürriyet Daily News (English), 08/11/2009, retrieved 01/05/2011.