Former Wall Street exec named head of Turkey central bank
World BusinessJun 9, 2023
ISTANBUL (AFP) -- Turkish President Recep Tayyip Erdogan appointed former Wall Street executive Hafize Gaye Erkan as central bank governor on Friday, signalling a possible shift from his unconventional policies to fight soaring inflation. Erkan -- a former chief executive of US real estate finance firm Greystone, co-CEO of First Republic Bank and managing director at Goldman Sachs -- will be the first woman to head the central bank. She takes over from Sahap Kavcioglu, who lowered rates even tho