First Republic's former co-CEO could be Turkey's next central bank chief
Before First Republic, Erkan was at Goldman Sachs for nearly nine years, advising financial institutions. She was
. A graduate of Bogazici University in Turkey, she earned a Ph.D. in operations research and financial engineering from Princeton in 2006. Navigating the Turkish economy and politics under longtime leader Erdogan will be her most difficult job yet. Turkey's central bank has been a punching bag for Erdogan, who has forced out its leaders and pressured the bank to slash interest rates even in the face of surging inflation.
Yet his recent reelection and the selection of Mehmet Şimşek as finance minister has raised hopes for the central bank's independence. , that Şimşek's appointment" increases the likelihood that monetary policy will shift towards a more orthodox direction." Subscribe to push notifications
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