Türkiye appoints new head for banking watchdog

Türkiye appoints new head for banking watchdog

Former Central Bank governor appointed new chair of banking regulator

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye has appointed Sahap Kavcioglu the new head of its Banking Regulation and Supervision Agency (BDDK), the Official Gazette announced early Friday.

Kavcioglu, 56, who just wrapped up a two-year tenure as the country's Central Bank governor, earned a bachelor’s degree in business administration from Türkiye's Dokuz Eylul University and postgraduate and doctoral degrees from Türkiye's Marmara University's Banking and Insurance Institute.

From 2015 to 2018, Kavcioglu was an MP in Türkiye’s Justice and Development (AK) Party.

Mehmet Ali Akben, who Kavcioglu is succeeding, was appointed to the banking agency helm in 2019.

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