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Turkiye Vakiflar Bankasi TAO (VAKBN.IS)

VAKBN.IS on Istanbul Stock Exchange

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15 Aug 2019
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Summary

Name Age Since Current Position

Abdulkadir Aksu

75 2019 Non-Executive Chairman of the Board of Directors

Abdi Ustunsalih

56 2019 Chief Executive Officer, Executive Member of the Board of Directors

Sahap Kavcioglu

52 2018 Independent Non-Executive Vice Chairman of the Board of Directors

Hasan Ecesoy

47 2010 Executive Vice President - Treasury, International Banking and Investor Relations

Muhammed Ozkan

42 2019 Executive Vice President - Treasury, International Banking and Investor Relations

Huseyin Bilgin

52 2017 Executive Vice President - Human Resources and Organizational Development

Hazim Akyol

50 2019 Executive Vice President - Corporate and Commercial Banking

Muhammet Celebi

2013 Executive Vice President - Retail Banking

Mikail Hidir

40 2018 Executive Vice President - Loan Monitoring and Legal Affairs

Suayyip Ilbilgi

47 2017 Executive Vice President - Financial Management, Strategy and Subsidiaries

Ferkan Merdan

46 2019 Executive Vice President - Payment Systems and Digital Banking

Alaattin Simsek

47 2019 Executive Vice President - Credit Risk Allocation and Lending Policies

Metin Zafer

49 2006 Executive Vice President - Information Technologies and Operational Transactions

Mustafa Turan

Senior Vice President, Investor Relations Contact

Zeki Sozen

2008 Head of Risk Management

Mustafa Emre

2017 Head of the Audit Board

Davut Saylig

2018 Head of Internal Control

Adnan Ertem

54 2010 Non-Executive Member of the Board of Directors

Cemil Ertem

2018 Non-Executive Member of the Board of Directors

Sahin Ugur

61 2017 Non-Executive Member of the Board of Directors

Sadik Yakut

63 2019 Non-Executive Member of the Board of Directors

Serdar Tuncbilek

55 2018 Independent Non-Executive Member of the Board of Directors

Dilek Yuksel

42 2016 Independent Non-Executive Member of the Board of Directors

Biographies

Name Description

Abdulkadir Aksu

Mr. Abdulkadir Aksu has served as Non-Executive Chairman of the Board of Directors of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since May 27, 2019. Board Member as of May 27, 2019. He completed his primary education in Diyarbakir Cumhuriyet Primary School, and his secondary education in Ziya Gokalp High School. He graduated from Ankara Universitesi/Faculty of Political Science. Within the state administration, he served as district governor of Sarikaya in the years from 1973 to 1976, followed by acting governor of Kahramanmaras in between October 9th 1977 to January 30, 1978. Until September 1980, he also served as Central Police Chief and Chief Police Officer. He was appointed as Rize governor with the Cabinet decree dated August 29th 1980 and appointed as Central governor with the Cabinet decree dated October 17, 1980. During his governor position in Rize, he also acted as Rize mayor. He became Gaziantep governor in between February 9th, 1984 to September 18th 1987 and he was elected as "The bureaucrat of the year in 1985". He was elected as 18th term Diyarbakir MP from Mainland Party in November 29th, 1987. He also appointed as his party's group deputy chairman in Turkish Grand National Assembly (TGNA) in December 1987. He was appointed as Interior Minister on March 31st, 1989 and carried out this role until June 23rd, 1991. He was re-elected as Diyarbakir MP from Mainland Party on December 24th, 1995 and acted as his party's group deputy chairman in TGNA and assigned to the State Minister position responsible for South East Anatolia Project. He left Mainland Party and joined to Welfare Party on August 16th, 1996. He became Vice President of Welfare Party. Following the closing of Welfare Party by Constitutional Court, he joined to the Virtue Party. He was one of the founding members of Justice and Development Party and he was elected as MP from Istanbul 3rd Region on November 3, 2002. He served as Interior Minister during 58th and 59th Cabinets, acted as State Minister between 2009 and 2012.

Abdi Ustunsalih

Mr. Abdi Serdar Ustunsalih has served as Chief Executive Officer, Executive Member of the Board of Directors of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since May 27, 2019. He began his career as an associate in 1991 at VakifBank. After having served as manager in various branches and departments at VakifBank, he served as the Head of IT, Retail Banking, Banking Operations, Basic Banking Application Development departments. Mr. Ustunsalih became Executive Vice President in July 2018 and he has been CEO and Executive Board Member of VakifBank since May 27, 2019. Moreover, Mr. Ustunsalih is Board member of the Banks Association of Turkey and TSKB, and the Chairman of Gunes Sigorta A.S. He is Member of the Credit Committee of the Company.

Sahap Kavcioglu

Assoc. Prof. Dr. Sahap Kavcioglu has served as Independent Non-Executive Vice Chairman of the Board of Directors of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since August 14, 2018. He graduated from Dokuz Eylul Universitesi, Faculty of Economics and Administrative Sciences, Department of Business Administration (Bachelors). Having graduated from Istanbul Universitesi as an Auditing Specialist at the Institute of Accounting, he studied Business Administration at Hastings College in England between 1988 and 1990. He completed his master's degree 1993 and ph.D 2003 at Marmara University, Banking and Insurance Institute. In 2014, he received his title of associated professor. He began his career as an Assistant Auditor at Esbank in 1991. Respectively, he served as Auditor, Branch Manager and Executive Vice President at Esbank. In 2003, he was assigned as Istanbul Regional Coordinator at Halkbank. Moreover, he served as Executive Vice President for Retail Banking, SME Banking, Credit Policy Department, Human Resource and Organization Department, respectively until November 2015. On November 1st, 2015, he was elected as a Member of Turkish Parliament for the 26th legislative terms from Bayburt province. Since August 14, 2018, he has served as Deputy Chairman of VakifBank’s Board of Directors, as well as a member of the Credit Committee, Audit Committee and (Head of the) Corporate Governance Committee. He is also the Chairman of the Board in Vakif Gayrimenkul Yatirim Ortakligi. He continues to be the columnist of the economy page for Yeni Safak newspaper.

Hasan Ecesoy

Mr. Hasan Ecesoy served as Executive Vice President - Treasury, International Banking and Investor Relations of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI between June 18, 2010 and 2018. He graduated from Uludag Universitesi, Faculty of Engineering, Department of Electronics, and holds a Master’s degree from Istanbul Teknik Universitesi, Department of Business Administration as well as a Ph.D. from Marmara Universitesi, Department of Economics. He started his banking career in 1993 at Ziraat Bankasi Banking School. After working in the various banks, he was appointed as Executive Vice President of the Bank in June 2010.

Muhammed Ozkan

Mr. Muhammed Onay Ozkan has served as Executive Vice President - Treasury, International Banking and Investor Relations of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since May 31, 2019. He graduated from Ankara Universitesi, Faculty of Political Sciences, and Department of Finance in 1999. Mr. Ozkan began his career as Assistant Auditor at VakifBank in 2000. Following his role as auditor, he worked chronologically as Assistant Manager at Treasury - Dealing Room Department, as Manager at Aspendos Bulvari/Antalya Branch, as Manager at Dealing Room and Asset-Liability Management Departments, respectively. Mr. Ozkan was promoted to the Senior Vice President position in Treasury department in 2017. Mr. Ozkan was appointed as Executive Vice President at VakifBank on May 31, 2019.

Huseyin Bilgin

Mr. Huseyin Ugur Bilgin has served as Executive Vice President - Human Resources and Organizational Development of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since August 1, 2017. He graduated from Anadolu Universitesi, Department of Business Administration. He started his career in VakifBank in 1986 and worked as Manager in various branches. Subsequently, he worked as the Manager of Public Relations and the Head of Board of the Directors Affairs. He has been posting various Board membership role in different VakifBank subsidiaries, currently at Taksim Otelcilik A.S. Mr. Bilgin was appointed as the Head of Human Resources in 2013 followed by the appointment as Executive Vice President on August 1, 2017.

Hazim Akyol

Mr. Hazim Akyol has served as Executive Vice President - Corporate and Commercial Banking of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since May 31, 2019. He graduated from Hacettepe University, Faculty of Economics and Administrative Sciences, Department of Public Administration in 1990. He began his career as Assistant Auditor at VakifBank in 1993. Following his role as auditor, Mr. Akyol worked chronologically as Assistant Manager of Commercial Loans Department and as Manager of Bursa, Kavaklidere/Ankara, Kizilay/Ankara, Corporate Marketing Manager of Ankara Regional Head Office and Emek/Ankara Branches, respectively. Following those roles, Mr. Akyol was promoted to Senior Vice President position of Institutional Payroll Department and Ankara Corporate Centre Branch. He was also Board member in various subsidiaries of the Bank. Mr. Akyol was appointed as Executive Vice President at VakifBank on May 31, 2019.

Muhammet Celebi

Mr. Muhammet Lutfu Celebi has served as Executive Vice President - Retail Banking of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since October 4, 2013. He graduated from Istanbul Universitesi, Faculty of Economics and Administrative Sciences, Department of Economics in 1992. He began his career as an assistant auditor at VakifBank in 1995. After working as auditor between 1998 and 2001, he took the responsibilities of assistant manager and manager in various branches and departments of VakifBank. He served as the Head of Retail Banking between 2011 and 2013. He was appointed as Executive Vice President on October 4, 2013.

Mikail Hidir

Mr. Mikail Hidir has served as Executive Vice President - Loan Monitoring and Legal Affairs of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since December 13, 2018. He graduated from Ankara Universitesi, Faculty of Law in 2000 and worked as a lawyer for some time. In 2003, he began his career as an assistant auditor at VakifBank. After working as an Auditor, he held the positions of Credit Risk Liquidation Manager, Compliance Manager, Head of Loan Monitoring and Legal Proceedings and Head of Internal Audit. In addition, he was the Executive Vice President in Gunes Sigorta and the Board member in VakifBank International AG (Vienna). Mr. Hidir was appointed as Executive Vice President on December 13, 2018.

Suayyip Ilbilgi

Mr. Suayyip Ilbilgi has served as Executive Vice President - Financial Management, Strategy and Subsidiaries of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since August 1, 2017. He graduated from Gazi Universitesi, Faculty of Economics and Administrative Sciences, Department of Economics in 1994. He started his career as Assistant Associate at VakifBank in 1996. He served as Manager at the Treasury between 2007 and 2010. In 2010, he became Head of Treasury. He currently also serves as Deputy Chairman of VakifBank International AG.

Ferkan Merdan

Mr. Ferkan Merdan has served as Executive Vice President - Payment Systems and Digital Banking of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since May 31, 2019. He graduated from Istanbul Universitesi, Faculty of Political Sciences, and Department of Finance in 1996. Mr. Merdan has a masters’ degree from Turk Hava Kurumu Universitesi (the University of Turkish Aeronautical Association), Institute of Social Sciences, and Department of Business Administration. Mr. Merdan began his banking career at Ziraat Bank Banking School in 1996. His career in VakifBank started as assistant auditor in 1999 and he worked as assistant auditor and auditor until 2006. Mr. Merdan worked as Manager at Financial Control Department between 2006-2015 and he was promoted to Senior Vice President position in General Accounting and Financial Affairs Department in 2015. Mr. Merdan was appointed as Executive Vice President at VakifBank on May 31, 2019.

Alaattin Simsek

Mr. Alaattin Simsek has served as Executive Vice President - Credit Risk Allocation and Lending Policies of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since May 31, 2019. He graduated from Ankara Universitesi, Faculty of Political Sciences, Department of Public Administration in 1994. He began his career as Assistant Auditor at VakifBank in 1995. Following his role as auditor, he worked chronologically as Assistant Manager of Blacksea Regional Directorate, as Manager of Trabzon Branch and as Regional Manager of East Anatolia Regional Directorate. At the Head Office level, he served as the Head of Support Services and Loan Monitoring Departments. Prior to his appointment as Executive Vice President at Vakif Yatirim Menkul Degerler A.S. Mr. Simsek also served as the Regional Manager in different regions including Trakya, third, fifth and sixth regions of Istanbul, respectively. Mr. Simsek was appointed as Executive Vice President at VakifBank on May 31, 2019.

Metin Zafer

Mr. Metin Recep Zafer has served as Executive Vice President - Information Technologies and Operational Transactions of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since June 13, 2006. He is a graduate of Marmara Universitesi, Faculty of Economics and Administrative Sciences, Department of Economics. He earned his Master of Arts in Econometrics and Ph.D. in Banking from the same university. After starting his banking career in 1992, he held different positions at the branch, head offices, organization, audit committees and financial control structures of various banks. He was appointed as Executive Vice President at VakifBank on June 13, 2006.

Mustafa Turan

Mr. Mustafa Turan serves as Senior Vice President, Investor Relations Contact of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI. He also serves as Member of the Corporate Governance Committee of the Company.

Zeki Sozen

Mr. Zeki Sozen has served as Head of Risk Management of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since August 7, 2008. He began his professional career at VakifBank as a Programmer in the Electronic Business Intelligence Systems (EBIS) Department on September 9, 1987. Subsequently, he served as Senior Programmer, Assistant Manager, Manager and Head of different departments of the EBIS Department prior to his appointment to Head of Risk Management. He graduated from Middle East Technical University, Department of Computer Engineering.

Mustafa Emre

Mr. Mustafa Emre has served as Head of the Audit Board of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since July 31, 2017. He graduated from Hacettepe University, Faculty of Science, Department of Mathematics and started his banking career in 2003 as Assistant Auditor at the Audit Board. He was then appointed as Auditor in 2006 and Deputy Head of Audit Board in 2013.

Davut Saylig

Mr. Davut Saylig has served as Head of Internal Control of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since July 5, 2018. Davut Saylig graduated from Ankara Universitesi, Faculty of Political Sciences, Department of Public Administration. He started his banking career as Assistant Auditor at T. Vakiflar Bankasi T.A.O. in 1995 and served as Manager at various branch locations from 2001 onwards. He was appointed Internal Control Manager in 2014 and then Head of Internal Control on July 5, 2018.

Adnan Ertem

Dr. Adnan Ertem has served as Non-Executive Member of the Board of Directors of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since October 27, 2010. He graduated from Istanbul Universitesi, Faculty of Political Sciences, Department of Public Administration in 1987, and earned his Ph.D. in 1997 in Sociology from the same university. Starting his career as Assistant Auditor at the General Directorate of Foundations in 1988, Dr. Ertem was appointed as Auditor in 1991 and Chief Auditor in 2002. Between 2002 and 2007, he served as the Deputy Manager at the Istanbul Regional Directorate of Foundations. Between 2007 and 2010, Dr. Ertem served as Deputy Undersecretary of the Turkish Prime Ministry and in October 2010 he was appointed as General Director of the Turkish Prime Ministry, General Directorate of Foundations. Dr. Ertem is also Member of the Bank’s Remuneration Committee.

Cemil Ertem

Dr. Cemil Ragip Ertem has served as Non-Executive Member of the Board of Directors of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since August 13, 2018. Dr. Ertem graduated from Dokuz Eylil Universitesi, Faculty of Economics. He has a master's degree and his Ph.D. in finance and economics at Istanbul Universitesi, Faculty of Economics. He was a lecturer at Istanbul University and THK University on knowledge economy, economics-politics, alternative growth and money theory. Dr. Ertem wrote many articles on economics-politics, economy and monetary policies. Moreover, he has been a TV commentator about economics and a columnist in various magazines and newspapers. He is still a columnist in the newspapers, called Milliyet and Daily Sabah. Dr. Ertem received the ‘MUSIAD Best Economy Writer’ award in 2011. He has written four books, called ‘Bitisler ve Baslangiclar’, ‘Yeni Dunya Duzeni-Wiki Leaks’, ‘Dunyayi Sarsan 60 Gun’ and ‘Yatagini Bulan Nehir – Erdogan Donemi Ekonomi Politigi’. Dr. Ertem is still the Chief Economic Advisor of President Recep Tayyip Erdogan and member of Economic Policies Council. He serves as a Board Member at VakifBank from the date of August 13, 2018. He is also an alternate member of Credit Committee of the Company.

Sahin Ugur

Mr. Sahin Ugur has served as Non-Executive Member of the Board of Directors of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since June 9, 2017. He is Head of the Remuneration Committee of the Company. Having completed his primary and secondary education in Malatya and Erzurum, he graduated from the Department of Business Administration at Ataturk Universitesi in 1979. In 1984, he started to work at VakifBank and served as Assistant Manager, Manager and Head of a Department until 2004. He then served as Executive Vice President between 2004 and 2013. He was a member of the Board of Directors at VakifBank International AG Vien, Gunes Sigorta, Taksim Otelcilik, Atakule REIT, Vakif Menkul Kiymetler Yatirim Ortakligi A.S. and Vakif GYO which are subsidiaries of the Bank. Within the Company, he was Vice General Manager - Corporate Payroll between August 9, 2004 and 2013.

Sadik Yakut

Mr. Sadik Yakut has served as Non-Executive Member of the Board of Directors of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since May 27, 2019. He graduated from Istanbul Universitesi, Faculty of Law. In the years from 1979 to 1999, he served as public prosecutor, investigation judge at Ministry of Justice general directorate of prisons and detention houses in Halfeti, Camardi, Savastepe and Giresun in sequence which is followed by Ankara public prosecutor position. He also became Board member in Genclerbirligi Sport Club. He became one of the founding members of Justice and Development Party. During the years of 1999 to 2015, he was elected as MP from Kayseri district in the 21st, 22nd and 23rd terms. He was also elected as Vice Chairman of Turkish Grand National Assembly (TGNA) during 22nd, 23rd and 24th terms. At the 65th General Assembly meeting, held on May 27, 2019, Mr. Yakut was elected as a Board member of VakifBank. He is also a member of Corporate Governance Committee of the Company.

Serdar Tuncbilek

Mr. Serdar Tuncbilek has served as Independent Non-Executive Member of the Board of Directors of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since August 2018. He was Independent Non-Executive Vice Chairman of the Board of Directors between June 9, 2017 and August 2018. He is Member of the Credit Committee, and Member of the Audit Committee of the Company. He graduated from the Faculty of Political Sciences at Ankara Universitesi 1984 and started his career in 1985 as Assistant Auditor at T. Emlak Bankasi A.S. After serving 4 years as an auditor, he worked as the Manager of Loan Marketing, Loan Monitoring, Securities and Dusseldorf Financial Services Branch for 11 years. He held the position Secretary General in Egebank A.S. between 2000-2001. he was the Vice President of a Department at the Banking Regulation and Supervision Agency (BRSA) between 2001 and 2005. He served as a Group Coordinator and Vice President of a Department at the Savings Deposit Insurance Fund (SDIF) in 2006- 2007. He also served as a member of Board of Directors, Supervisory Board Member and the Chairman of the Board of Directors at companies taken over by SDIF between 2001-2007. He was appointed a member of Board of Directors at VakifBank in 2007, served as a member of the Credit Committee and the Audit Committee for 5 years, and worked as a member of the Board of Directors and the Chairman of the Board of Directors at Vakif Sistem Pazarlama, Vakif Yatirim Menkul Degerler A.S., Vakif Menkul Kiymetler Yatirim Ortakligi A.S., and Vakif Portfoy Yonetimi A.S. Between the years 2014 and 2017, he was a member of Board of Directors at Gunes Sigorta. He was Independent Member of the Board of the Company between July 24, 2007 and March 30, 2012.

Dilek Yuksel

Mrs. Dilek Yuksel has served as Independent Non-Executive Member of the Board of Directors of TURKIYE VAKIFLAR BANKASI TURK ANONIM ORTAKLIGI since March 29, 2016. She is Member of the Remuneration Committee, and Substitute Member of the Credit Committee of the Company. She worked as the Manager of Press and Public Relations Department in Samsun Atakum Municipality, and the Chief of Mamak Municipality’s Culture Branch. She was elected as a Member of Parliament for the 23rd and 24th legislative terms from Tokat province. In the 23rd legislative term of the Grand National Assembly of Turkey (GNAT), she was a member of the Committee on State Economic Enterprises. Ms. Yuksel also served both as a member and the spokesperson of the Committee on National Defense; member of the Committee on Equal Opportunity for Women and Men; and Head of the subcommittee on Enhancement of Women’s Employment in All Fields and Suggestions for Solution in the 24th legislative term. In addition, she served as a Secretary Member of the Presidency Council of the GNAT for the 24th legislation term. She graduated from Gazi Universitesi, Faculty of Economics and Administrative Sciences, Department of Economics.