Türkiye’s central bank governor Hafize Gaye Erkan resigns from her post

Hafize Gaye Erkan resigns as Türkiye’s central bank governor, a decision personally acknowledged and respected by Minister Mehmet Simsek for her significant national contributions

Hafize Gaye Erkan, the first woman governor of Türkiye’s central bank, resigned from her post on Friday. Erkan announced her resignation on her X account.

https://twitter.com/hafizegayeerkan/status/1753495012183003212

In an official statement, Treasury and Finance Minister Mehmet Simsek remarked that the choices undertaken by Hafize Gaye Erkan were solely her own and based on her individual judgment.

Simsek respectfully acknowledged her decision, expressing gratitude for her valuable service and contributions to the country.

He emphasized that the team would continue to work in strong collaboration and coordination, steadily advancing towards the goal of price stability.

Erkan’s career spans Wall Street and U.S. corporate boardrooms, and her Ivy League education includes a financial engineering Ph.D. from Princeton.

In her early 40s, Erkan is the country’s fifth central bank chief in four years.

She was at First Republic from 2014 to 2021 in roles that included president, board member and chief investment officer, before she resigned in a surprise move more than a year ago.

This year, the San Francisco-based lender became the largest U.S. bank to fail since 2008 after it was seized by regulators and sold to JPMorgan.

Erkan was a director on the board of Marsh McLennan, a Fortune 500 firm, and was named CEO at Greystone, a real estate finance and investment firm, last year.

Source: Newsroom

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