Hakan Atilla

Turkey's stock exchange Borsa Istanbul has elected Korkmaz Enes Ergun as its new CEO.

Ergun, who was elected at an ordinary general assembly of Borsa Istanbul on March 26, has 24 years of experience in the stock exchange and capital markets. He had previously served as the deputy general manager of Borsa Istanbul where he was responsible for quotation.

Borsa Istanbul's Managing Director Hakan Atilla has resigned, a statement said on March 8. 

The board of directors has accepted the resignation and the decision was notified to the Capital Markets Board (SPK).

Borsa Istanbul CEO Hakan Atilla speaks at an event in the southeastern province of Gaziantep.

There are nearly 4 million investment accounts within the stock exchange and mutual funds, according to Borsa Istanbul CEO and Acting
Chairperson.

Turkish state lender Halkbank will be arraigned in a U.S. court next week to face a federal indictment for alleged evading Iran sanctions.

The bank was represented by the law firm of King & Spalding at a hearing on Feb. 25 and attorneys said it agreed to appear at the proceedings.

Halkbank was charged in October with attempts to evade U.S. sanctions on Iran.

A U.S. appeals court in Manhattan granted Turkish state lender Halkbank a temporary pause in its Iran sanctions evasion case.

The temporary stay in the case was granted on Feb. 3 to allow for the bank's requests to be heard by a three-judge panel.
The court said it would take up Halkbank's requests on an expedited basis.

Turkey has slammed the 32-month sentence handed to Hakan Atilla, a former manager of state-run Halkbank, on charges that he helped Iran evade U.S. sanctions.

Hakan Atilla, the former deputy chief executive officer of Turkish state lender Halkbank, has said he will not file another application for his acquittal, after a New York court found him guilty early in January on five charges related to conspiracy and bank fraud.

The recent New York court case against Turkish banker Hakan Atilla is a “political coup attempt,” President Recep Tayyip Erdoğan said on Jan. 9. 

Prime Minister Binali Yıldırım has criticized the U.S. verdict on Turkish banker Hakan Atilla, saying the case was based on fabricated evidence by the Fethullahist Terrorist Organization (FETÖ).

Turkish President Recep Tayyip Erdoğan said on Jan. 5 that there was a serious chain of plots in the United States after the U.S. court verdict found Hakan Atilla, the former deputy chief executive officer of state lender Halkbank, guilty of helping Iran evade U.S. sanctions.