Hakan Ateş, the chief government of Turkish personal lender Denizbank, has stepped down after 27 years on the helm and is because of be succeeded by Recep Baştuğ, a former BBVA government, an individual accustomed to the matter advised Daily Sabah on Friday.
Ateş served because the CEO of the United Arab Emirates-based lender Emirates NBD’s Türkiye unit since 1997. Ateş, 65, is credited with main Denizbank by means of main progress phases, together with its acquisition by Dubai’s largest lender in 2019.
He will probably be changed by Baştuğ, ex-chief government of BBVA’s Turkish subsidiary, Garanti Bankası, the supply asking to not be recognized advised Daily Sabah.
Baştuğ will probably be formally introduced after Denizbank secures essential approvals from Türkiye’s banking regulator, BDDK, the Bloomberg News reported, citing a supply.
Baştuğ sat on the helm of Garanti Bankası for 5 years earlier than stepping down earlier in 2024.
Ateş’s departure follows final month’s indictement for his alleged position in a ponzi scheme focusing on high-profile soccer gamers. He has repeatedly denied the allegation.
The court docket not too long ago returned the indictment to prosecutors, citing inadequate proof.
The indictment was associated to a beforehand opened case on the alleged defrauding of gamers, together with Arda Turan, a former Barcelona midfielder, and Uruguayan Galatasaray goalkeeper Muslera Fernando, by a former Denizbank department supervisor. Denizbank has denied any position in wrongdoing.
Under the case opened final 12 months, prosecutors sought a 216-year jail time period for Seçil Erzan, the previous department supervisor. According to final 12 months’s indictment, Erzan defrauded some $44 million from 18 people, promising substantial returns on their investments in a “secret special fund.” There are 24 complainants within the newest indictment.
Erzan satisfied them to spend money on the fund partially by telling them that former Turkish nationwide workforce coach Fatih Terim had additionally invested, in line with that indictment.
She partly paid a number of the returns to a number of the buyers, however she did not pay any returns or principal cash to a lot of the buyers, in line with the indictment.
Erzan has been jailed because the case in opposition to her continues.
Denizbank was acquired by the Emirates NBD from Russia’s Sberbank in 2019 for about $2.7 billion.
Deniz was Türkiye’s ninth-largest financial institution, with property totaling TL 1.33 trillion ($38.3 billion) as of the tip of September, in line with information from the Turkish banking affiliation, TBB.
Source: www.dailysabah.com