Corporate Information
Shareholder Structure
The company's paid-in capital as of 13 July 2016 is TRY 430,000,000, consisting of fully paid 43,000,000,000 shares each with a value of Kr 1.
Breakdown of capital on the basis of shareholders is presented below:
| Title of the Commercial Partner | Shareholders (%) | Capital Amount (TL) |
|---|---|---|
| Türkiye İş Bankası A.Ş.* | 63,92 | 274.843.331 |
| Anadolu Anonim Türk Sigorta Şirketi | 20 | 86.000.000 |
| Milli Reasürans T.A.Ş. | 1 | 4.300.000 |
| Free Float* | 15,08 | 64.856.669 |
| Total | 100 | 430.000.000 |
* The rate of publicly traded shares is 17%. As at 21 February 2023, Türkiye İş Bankası A.Ş. owns the 1.92% of the publicly traded shares.
There are no cross-shareholding relations between any shareholders and our Company.
Of the 43,000,000,000 shares representing the capital in the amount of TRY 430,000,000, 100,000,000 consist of Class A shares, and the remaining 42,900,000,000 consist of Class B shares. As of the date of the balance sheet, all of Class A Shares are held by Türkiye İş Bankası A.Ş., the Company’s shareholder.
Holders of Class A shares are not granted any privileges save for the nomination of the Board Directors. Seven members of the Board Directors are elected by the General Assembly from amongst candidates nominated by Class A shareholders, and four from amongst those nominated by Class B shareholders. The Company’s Articles of Incorporation do not allow creation of new Class A shares in capital increases.
Of the 43,000,000,000 shares representing the capital in the amount of TRY 430,000,000, 100,000,000 consist of Class A shares, and the remaining 42,900,000,000 consist of Class B shares. As of the date of the balance sheet, all of Class A Shares are held by Türkiye İş Bankası A.Ş., the Company’s shareholder.
Holders of Class A shares are not granted any privileges save for the nomination of the Board Directors. Seven members of the Board Directors are elected by the General Assembly from amongst candidates nominated by Class A shareholders, and four from amongst those nominated by Class B shareholders. The Company’s Articles of Incorporation do not allow creation of new Class A shares in capital increases.
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%64
T. İş Bankası A.Ş
%20
Anadolu Anonim Türk Sigorta Şirketi
%15
Free Float
%1
Milli Reasürans T.A.Ş
Board of Directors
Sezgin Yılmaz
Chairman of the Board Of Directors
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Mr. Yılmaz graduated from Uludağ University, Faculty of Economics and Administrative Sciences, Department of Economics and started his career at Türkiye İş Bankası A.Ş. Bursa Branch in 1997 as an Officer. After working in various positions at İşbank, Mr. Yılmaz was appointed as Kayseri Regional Manager of SME Loans Allocation Department in 2012, İzmir Central Region I Manager of SME Loans Allocation Department in 2015, İzmir Central Region II Sales Manager of SME and SME Banking Sales Department in 2016.He worked as Support Services and Purchasing Manager in 2017, and as the Purchasing Manager in 2018. Mr. Yılmaz was elected as a member of the Board of Directors of Türkiye İş Bankası A.Ş. on March 29, 2019 and served as a member of the Board of Directors. On July 29, 2020, Mr. Yılmaz was appointed as Deputy Chief Executive of Türkiye İş Bankası A.Ş. and is currently serving in this position. On March 24, 2023, he was elected as the Chairman of the Board of Directors of Anadolu Hayat Emeklilik.
Feray Demir
Vice Chairman of the Board of Directors
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She holds a degree in Business Administration from Anadolu University and Sociology from İstanbul University. Mrs. Demir started her professional career as an Officer at İşbank Sefaköy Branch in 1988. After serving at various levels, she was appointed as Çarşı-Güneşli Branch Manager in 2005 and served as Commercial Banking Sales Department Manager between 2007 and 2011, and İstanbul Corporate Branch Manager between 2011 and 2016. Mrs. Demir served as a member of the Board of Directors of İşbank between 2016 and 2023. She has served a member of the Board of Directors of İşbank Members Supplementary Pension Fund between 2011 and 2023. She has been elected as a Board Director of Anadolu Hayat Emeklilik on 31 March 2023.
Murat Atalay
Board Director and CEO
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He holds a degree in Statistics from the Faculty of Science at Hacettepe University. He joined İşbank in 1996 as an Assistant Specialist and functioned as a Specialist and Manager in various Branch and Head Office divisions. He was a Board Director representing İşbank at Anadolu Hayat Emeklilik and Erişim Müşteri Hizmetleri. Between 2011-2014, served as the Head of Retail Banking Marketing Division of İşbank, Mr. Atalay was appointed as Deputy Chief Executive Officer of Anadolu Hayat Emeklilik on 1 November 2014. He has been named the CEO of Anadolu Hayat Emeklilik on 1 April 2022.
Dr. Ahmet D. Erelçin
Director (Independent)
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Dr. Erelçin received his B.A. degree in Business Administration at the University of Istanbul, M.Sc. degree in Accounting & Finance at LSE and his Ph.D. in Business & Economics at Lehigh University. Having 28 years of experience in Turkish Capital Markets, Dr. Erelçin started his career in banking at İktisat Bankası. Dr. Erelçin later worked at Treasury, Investment Banking and Asset Management departments of Garanti Bankası, Interbank and Finansbank. After appointed to Demir Yatırım General Manager in 1997, Dr. Erelçin was appointed as the General Manager of HSBC Investments in 2000 and served as a member of the Executive Committee of HSBC Turkey in charge of its Brokerage and Asset Management subsidiaries. In 2008, Dr. Erelçin established the Turkish desk of HSBC Principal Investments and invested in Turkish companies utilizing HSBC’s equity. During this period, Dr. Erelçin represented HSBC at the boards of its portfolio companies, Havaş and TGS. After ending his active professional career in banking, Dr. Erelçin started lecturing in finance courses at the Graduate Business Schools of Koç and Özyeğin Universities. Dr. Erelçin sits at the Board of Directors of Darüşşafaka Society and its various commissions. He is currently a member of the Advisory Board at Lycian Capital. He has been elected as a Board Director of Anadolu Hayat Emeklilik on 26 March 2018.
Att. Med. Şebnem Ergün
Director (Independent)
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Şebnem Ergün received her law degree in 1986 at Ankara University Faculty of Law. After completing her law internship, she started her professional carrier as an Assistant Legal Expert at the Capital Markets Board of Turkey (CMB) in 1988. Later she was promoted to Legal Expert and Senior Legal Expert posts, respectively and also served as the Deputy Head of the Corporate Finance Department for three years. After her retirement from the CMB in 2008, she started to provide services on her specialized areas such as Capital Markets Law, Corporate Law, M&A and Corporate Finance to publicly traded companies/holdings, companies who intend to go public, Capital Market Institutions, individual and institutional investors as a Legal Consultant and Attorney-at-Law. She was registered in the mediators list of the Ministry of Justice in 2017. She has Capital Market Activities Level 3 License, Corporate Governance Rating License, Residential Real Estate Appraisal License, Derivative Instruments License and Credit Rating License. She has served as a board member of Turkish Capital Markets Association for two periods. She was a member of the Advisory Board during the establishment phase of İstanbul Arbitration Center. She has served an independent board member of Gimat Real Estate Investment Company Inc. She has been elected as a Board Director of Anadolu Hayat Emeklilik on 26 March 2018.
M. Elif Germirli
Director (Independent)
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M. Elif Germirli graduated from the Chemical Engineering Department of Boğaziçi University in 1990 and received her MBA in finance from Columbia University in the USA. She has held various positions in a number of departments at Citibank İstanbul including the capital markets and corporate finance departments until 2000. After working as a Director in the Global Securitized Markets at Citigroup in London between 2000 and 2007, the last position Elif Germirli held with the Citigroup was as a Director of Real Estate Finance for CEEMEA region. From 2008 to 2018, she worked for Tahincioğlu Holding as a Deputy Managing Director, CFO, and CEO respectively. Elif Germirli worked as an Auditor at the Council of Shopping Centers-Turkey and still serves as a Board Member at Germirli Turizm ve Ticaret A.Ş. Elif Germirli has been elected as a Board Director of Anadolu Hayat Emeklilik on 21 March 2019.
Prof. Dr. Ahmet Erol
Director (Independent)
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Ahmet Erol graduated from Marmara University, Faculty of Economics and Administrative Sciences, Department of Business Administration with bachelor’s degree on International Economic Relations and started his professional career in 1986 as an assistant auditor at Republic of Türkiye Ministry of Finance Board of Auditors. He became finance auditor in 1989 and he was assigned to the United States by the Republic of Türkiye Ministry of Finance between 1993 and 1994 to conduct examinations and research on "Audit of Budget Expenditures in the United States". While he was in the United States, he gave a conference on "State and Control" at the University of Michigan. He was appointed as chief auditor to the Ministry of Finance in 1997. Between 1998 and 2001, he worked as a deputy manager at the Revenue Office of the Ministry of Treasury and Finance in Istanbul. He was appointed as assistant general manager at the General Directorate of the Mint and Stamp Printing House Prime Ministry Undersecretariat of Treasury in 2001. In 2004, he was appointed as proxy General Manager in the same institution. Mr. Erol left his position 3 months later and was appointed as chief finance auditor in 2004. He retired from the Ministry of Treasury and Finance in 2020.
In addition to his professional career, he has been working as a lecturer at Kadir Has University, since its establishment (1997), Faculty of Economics and Administrative Sciences and Faculty of Law. Ahmet Erol gives lectures related to Turkish tax system, tax law, tax disputes and tax judiciary. Furthermore, Mr. Erol instructs Turkish Tax System courses in the master's and doctoral programs at Özyeğin University Faculty of Law. Between 2006 and 2011, he taught public finance and tax law at Yeditepe University Faculty of Law and Turkish tax system and tax law in the Public Law master's program at Özyeğin University Faculty of Law. Ahmet Erol received his Doctorate degree (PhD) in 2002 and became an associate professor of Finance (Financial Law) in 2005, was appointed as a professor of financial law at Istanbul Beykent University Faculty of Law in 2020 and continues to hold this position. Ahmet Erol was elected as a Board Member of Anadolu Hayat Emeklilik on October 16, 2023
Oğuz Taner Okutan
Director
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Oğuz Taner Okutan graduated from Hacettepe University, Department of Public Administration and started his career as an Assistant
Specialist at Türkiye İş Bankası A.Ş. in 1999. In 2010, he completed his master's degree at Koç University Executive Management Program.
Mr. Okutan served as a manager in the Payment System Operations and Personal Banking Product Departments of T.İş Bankası A.Ş.. Mr. Okutan served as a Board Member
at İş Merkezleri Yönetim ve İşletim A.Ş. between 2018 and 2020, at Milli Reasürans Türk Anonim Şirketi between 2020 and 2021, and at İş Portföy Yönetimi A.Ş.
between 2021 and 2022. In January 2023, Mr. Okutan was appointed as the Department Manager of the Retail Banking Marketing Department, a position he still holds,
and was elected as a member of the Board of Directors of Anadolu Hayat Emeklilik on March 24, 2023.
Kemal Emre Sayar
Director
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Kemal Emre Sayar received his bachelor’s degree in industrial engineering from the Middle East Technical University. He then got an MS in Information Technologies in Management from Sabancı University and an MA in Economics and Finance from Boğaziçi University. He started his career as an Assistant Inspector on İşbank’s Board of Auditors in 1999, where he subsequently held managerial positions in various units of the Bank. Currently he serves as a Unit Manager in the Subsidiaries Department of İşbank. Mr. Sayar, who holds seats in the board of directors of various group companies, has been elected as a Board Director of Anadolu Hayat Emeklilik on 27 November 2015.
Vahide Uyar
Director
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Vahide Uyar graduated from Bilkent University, Faculty of Business Administration, Department of Business Administration and started her professional career in 1997 as a Trainee Assistant Credit Specialist in the Retail Loans Department of Türkiye İş Bankası. Mrs. Uyar was appointed as Assistant Manager in the Retail Banking Marketing Department in 2007, Unit Manager in the Retail Loans Department in 2011 and Department Manager in the same department in 2022. Mrs. Vahide Uyar, who currently serves as the Retail Loans Department Manager, was elected as a member of the Board of Directors of Anadolu Hayat Emeklilik on March 24, 2023.
Sermin N. Saraç Sosanoğlu
Director
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Sermin N. Saraç Sosanoğlu graduated from Istanbul University, Faculty of Economics, Department of International Relations and started her professional career as an Officer at İşbank Bakırköy Branch in 1998. Between 1999 and 2017, she worked as a Credit Specialist, Assistant Manager and Unit Manager in the Corporate Loans Allocation Department respectively. In 2017, Mrs. Sosanoğlu was appointed as Branch Manager at Ankara Yıldız Commercial Branch. Between 2022 and 2023, Mrs. Sosanoğlu served as a member of the Board of Directors of JSC Isbank Georgia and İş Faktoring A.Ş. In 2022, she was appointed as Department Manager at Commercial Banking Sales Department and currently serves this position. Mrs.Sosanoğlu was elected as a Board Member of Anadolu Hayat Emeklilik on March 24, 2023
Executive Board
Murat Atalay
CEO
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He holds a degree in Statistics from the Faculty of Science at Hacettepe University. He joined İşbank in 1996 as an Assistant Specialist and functioned as a Specialist and Manager in various Branch and Head Office divisions. He was a Board Director representing İşbank at Anadolu Hayat Emeklilik and Erişim Müşteri Hizmetleri. Between 2011-2014, served as the Head of Retail Banking Marketing Division of İşbank, Mr. Atalay was appointed as Deputy Chief Executive Officer of Anadolu Hayat Emeklilik on 1 November 2014. He has been named the CEO of Anadolu Hayat Emeklilik on 1 April 2022.
N. Cem Özcan
Deputy Chief Executive Officer
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He received his bachelor’s degree in economics from Ankara University in 1996. He started his working career as Assistant Inspector at İşbank in 1997. N. Cem Özcan, who served as Assistant Accounting Manager between 2005-2008 and as Accounting Manager between 2008-2020 at Anadolu Hayat Emeklilik, has been appointed as Deputy Chief Executive on 17 August 2020.
Tayfun Ceyhun
Deputy Chief Executive Officer
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He received his bachelor’s degree in Mathematics from Middle East Technical University in 1998. He started his working career as Software Specialist at İşbank in 1999. He served as Project Specialist, Assistant Project Manager and Project Manager at the Software Development Department. He was promoted to Assistant Manager position at the mentioned department in 2010. In 2011, he was appointed to Softtech as Manager and then promoted to Director position in the same year. Mr. Ceyhun was appointed as Deputy Chief Executive Officer at Anadolu Hayat Emeklilik on 14 October 2020.
Diğdem Makaskesen
Deputy Chief Executive Officer
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She graduated from Boğaziçi University, Faculty of Economics and Administrative Sciences, Department of Business Administration. She started her career in 2002 as an Assistant Specialist at Anadolu Hayat Emeklilik Private Pension and Life Insurance Department. She started working as a Specialist in 2004 in the Marketing Department, and was promoted to Assistant Manager in 2011 and Manager in 2015. Diğdem Makaskesen having served as Marketing Manager between 2015-2021, was appointed as Deputy Chief Executive Officer on 16 July 2021.
Zeynep Dolgun
Deputy Chief Executive Officer
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After TED College, Zeynep Dolgun received a Bachelor of Science degree in Finance from Ankara University, Faculty of Political Science and a Master of Science degree in Management Information Systems from Isik University, Istanbul. She also attended various trainings at Université Grenoble Alpes. She joined Anadolu Hayat Emeklilik in 2002 as Assistant Specialist at Research and Development Department. She later worked as Specialist and Assistant Manager at Agencies Department and Marketing Department. Zeynep Dolgun, who was appointed as Strategy and Corporate Performance Management Manager since July 2015, has been promoted to Deputy Chief Executive Officer on 16 November 2021.
Ahmet Altınsoy
Deputy Chief Executive Officer
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He has completed his middle school and high school education at American Robert College in İstanbul and holds a bachelor’s degree from Business Administration Department of Istanbul University and a master’s degree in Financial Management from Graduate School of Business of the same university. He started his career as Assistant Inspector at İşbank in 2002. After working on Board of Auditors (2002-2012) and in Retail Banking (2012-2022), Ahmet Altınsoy was promoted to Deputy Chief Executive Officer of Anadolu Hayat Emeklilik on 20 May 2022.
Hakkı Altay
Deputy Chief Executive Officer
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Mr. Altay has completed his high school education at Darüşşafaka. He received bachelor’s degree in Economics from Faculty of Economics and Administrative Sciences of Hacettepe University. He began his career as an Assistant Inspector on Anadolu Hayat Emeklilik on 4 August 1997. He was appointed as Assistant Manager in Marmara District Office in 2006, as Manager in Customer Relations and Operations Department in 2009 and as Coordinator in 2013. Hakkı Altay was appointed as Deputy Chief Executive Officer on 20 May 2022.