Kemal Derviş - Chairperson
Serving as a member of the International Board of Overseers of Sabancı University and Advisor to the Istanbul Policy Center of Sabancı University, Kemal Derviş also conducts research as Vice President in the fields of global economics and development at the Brookings Institution. Kemal Derviş was a Vice President at the World Bank, where he served for 22 years, from 1996 to 2001 and the Executive Head of the United Nations Development Programme (UNDP) from August 2005 until March 2009. Derviş served as the Minister of Economics between 2001 and 2002 and prepared the restructuring program after the financial crisis that hit Turkey in February 2001. Kemal Derviş earned his bachelors and masters degrees in economics from the London School of Economics in the UK and completed his Ph.D. in Economics at Princeton University in the US.
Serving as a member of the International Board of Overseers of Sabancı University and Advisor to the Istanbul Policy Center of Sabancı University, Kemal Derviş also conducts research as Vice President in the fields of global economics and development at the Brookings Institution. Kemal Derviş was a Vice President at the World Bank, where he served for 22 years, from 1996 to 2001 and the Executive Head of the United Nations Development Programme (UNDP) from August 2005 until March 2009. Derviş served as the Minister of Economics between 2001 and 2002 and prepared the restructuring program after the financial crisis that hit Turkey in February 2001. Kemal Derviş earned his bachelors and masters degrees in economics from the London School of Economics in the UK and completed his Ph.D. in Economics at Princeton University in the US.
Sir Winfried Bischoff - Member
After serving as the Chairman of the Board of Directors of Citigroup from December 2007 until February 2009, Sir Winfried Bischoff currently serves as the Chairman of the Board of Directors of Lloyds Banking Group since September 2009. Following his tenure at the Schroders Group as an executive, he was appointed Chairman of the Board of Directors of Schroders in May 1995 and with the acquisition of Schroders’ Investment Banking division by Citigroup, Sir Bischoff became the Chairman of the Board of Directors of Citigroup Europe in April 2000. Sir Winfried Bischoff served as a member of the Akbank Board of Directors from January 2007 until February 2008. Sir Winfried is currently a member of the Board of Directors of Eli Lilly and McGraw-Hill in the United States and Prudential in the United Kingdom as well as the Chairman of the Board of Directors of the UK Career Academy Foundation. Sir Winfried Bischoff continues to serve as the Chairman of the European Advisory Board of Citigroup Inc. Sir Winfried entered the Honor List and was knighted in 2000 for his contributions to the banking industry.
After serving as the Chairman of the Board of Directors of Citigroup from December 2007 until February 2009, Sir Winfried Bischoff currently serves as the Chairman of the Board of Directors of Lloyds Banking Group since September 2009. Following his tenure at the Schroders Group as an executive, he was appointed Chairman of the Board of Directors of Schroders in May 1995 and with the acquisition of Schroders’ Investment Banking division by Citigroup, Sir Bischoff became the Chairman of the Board of Directors of Citigroup Europe in April 2000. Sir Winfried Bischoff served as a member of the Akbank Board of Directors from January 2007 until February 2008. Sir Winfried is currently a member of the Board of Directors of Eli Lilly and McGraw-Hill in the United States and Prudential in the United Kingdom as well as the Chairman of the Board of Directors of the UK Career Academy Foundation. Sir Winfried Bischoff continues to serve as the Chairman of the European Advisory Board of Citigroup Inc. Sir Winfried entered the Honor List and was knighted in 2000 for his contributions to the banking industry.
Jean Pisani-Ferry - Member
Jean Pisani-Ferry has been since January 2005 director of BRUEGEL (for Brussels European and Global Economic Laboratory). He is also a professor of economics with Université Paris-Dauphine. Pisani-Ferry has made his career in research and policy. After having held positions in research and government in France, he joined the European Commission in 1989 as economic adviser to the Director-General of DG ECFIN. From 1992 to 1997 he was the director of CEPII, the main French research centre in international economics. In 1997, he became senior economic adviser to the French minister of Finance and was later appointed executive president of the French prime minister’s Council of Economic Analysis (2001-2002). From 2002 to 2004, he was senior adviser to the director of the French Treasury. Pisani-Ferry has held teaching positions with various universities including Ecole polytechnique in Paris and Université libre de Bruxelles. In 2006-2007, he was president of the French economic association. He is a member of the Council of Economic Analysis, an independent advisory body reporting to the French PM. Born in 1951, Pisani-Ferry was initially trained as an engineer and also holds a Master in mathematics. He holds an advanced degree in economics from the Centre d'études des programmes économiques (CEPE, Paris).
Jean Pisani-Ferry has been since January 2005 director of BRUEGEL (for Brussels European and Global Economic Laboratory). He is also a professor of economics with Université Paris-Dauphine. Pisani-Ferry has made his career in research and policy. After having held positions in research and government in France, he joined the European Commission in 1989 as economic adviser to the Director-General of DG ECFIN. From 1992 to 1997 he was the director of CEPII, the main French research centre in international economics. In 1997, he became senior economic adviser to the French minister of Finance and was later appointed executive president of the French prime minister’s Council of Economic Analysis (2001-2002). From 2002 to 2004, he was senior adviser to the director of the French Treasury. Pisani-Ferry has held teaching positions with various universities including Ecole polytechnique in Paris and Université libre de Bruxelles. In 2006-2007, he was president of the French economic association. He is a member of the Council of Economic Analysis, an independent advisory body reporting to the French PM. Born in 1951, Pisani-Ferry was initially trained as an engineer and also holds a Master in mathematics. He holds an advanced degree in economics from the Centre d'études des programmes économiques (CEPE, Paris).
Lubna Olayan - Member
Lubna Olayan is the Deputy Chairman and Chief Executive Officer of the Olayan Financing Company, a subsidiary of the Olayan Group, which operates in Saudi Arabia and the Middle East. Olayan is also a member of the Board of Directors of Saudi Hollandi Bank, a publicly listed company in Saudi Arabia and has been a member of the Board of Directors of WPP since March 2005. Lubna Olayan is a member of the International Advisory Board of the Council on Foreign Relations, a member of the Board of Directors of INSEAD and serves on the Board of Trustees of Cornell University and KAUST (King Abdullah University of Science and Technology). In October 2006, Olayan joined the International Advisory Board of Rolls Royce.
Lubna Olayan is the Deputy Chairman and Chief Executive Officer of the Olayan Financing Company, a subsidiary of the Olayan Group, which operates in Saudi Arabia and the Middle East. Olayan is also a member of the Board of Directors of Saudi Hollandi Bank, a publicly listed company in Saudi Arabia and has been a member of the Board of Directors of WPP since March 2005. Lubna Olayan is a member of the International Advisory Board of the Council on Foreign Relations, a member of the Board of Directors of INSEAD and serves on the Board of Trustees of Cornell University and KAUST (King Abdullah University of Science and Technology). In October 2006, Olayan joined the International Advisory Board of Rolls Royce.
Rodrigo de Rato - Member
Chairman of Caja Madrid since January 2010, Rodrigo Rato served as the managing director of the International Monetary Fund between 2004-2007. Previously, he had been Vice-President for Economic Affairs and Finance Minister for the Spanish government, from 1996. As the Finance Minister, he was also appointed Governor for Spain in the Governors’ Meetings of the IMF, the World Bank, the Inter-American Development Bank, the European Investment Bank and the European Reconstruction and Development Bank. He holds a law degree from the Universidad Complutense in Madrid, an MBA from the University of California, and a doctorate in economics from the Universidad Complutense.
Chairman of Caja Madrid since January 2010, Rodrigo Rato served as the managing director of the International Monetary Fund between 2004-2007. Previously, he had been Vice-President for Economic Affairs and Finance Minister for the Spanish government, from 1996. As the Finance Minister, he was also appointed Governor for Spain in the Governors’ Meetings of the IMF, the World Bank, the Inter-American Development Bank, the European Investment Bank and the European Reconstruction and Development Bank. He holds a law degree from the Universidad Complutense in Madrid, an MBA from the University of California, and a doctorate in economics from the Universidad Complutense.
Lord Stern - Member
Former Chief Economist of the World Bank and a former government economic advisor in the United Kingdom, Lord Nicholas Stern taught at Oxford University between 1970 and 1977, at the University of Warwick between 1978 and 1987 and at the London School of Economics between 1986 and 1993. From 1994 until 1999, Lord Stern served as the Chief Economist and Special Counselor to the President of the European Bank for Reconstruction and Development and between 2000 and 2003 as the Chief Economist of the World Bank. In 2003, Lord Stern became the Head of the Government Economic Service in the United Kingdom and in 2006, with the publication of the “The Economics of Climate Change: The Stern Review”, gained wide acclaim as one of the world’s leading experts on climate change. In June 2004, Lord Stern was knighted for his contributions to the field of economics and introduced to the House of Lords in December 2007. Since June 2007, in addition to serving as IG Patel Professor of Economics and Government at the London School of Economics, Lord Stern is also Chairman of LSE’s new Grantham Research Institute on Climate Change and the Environment since April 2008.
Former Chief Economist of the World Bank and a former government economic advisor in the United Kingdom, Lord Nicholas Stern taught at Oxford University between 1970 and 1977, at the University of Warwick between 1978 and 1987 and at the London School of Economics between 1986 and 1993. From 1994 until 1999, Lord Stern served as the Chief Economist and Special Counselor to the President of the European Bank for Reconstruction and Development and between 2000 and 2003 as the Chief Economist of the World Bank. In 2003, Lord Stern became the Head of the Government Economic Service in the United Kingdom and in 2006, with the publication of the “The Economics of Climate Change: The Stern Review”, gained wide acclaim as one of the world’s leading experts on climate change. In June 2004, Lord Stern was knighted for his contributions to the field of economics and introduced to the House of Lords in December 2007. Since June 2007, in addition to serving as IG Patel Professor of Economics and Government at the London School of Economics, Lord Stern is also Chairman of LSE’s new Grantham Research Institute on Climate Change and the Environment since April 2008.
Suzan Sabancı Dinçer - Member
Suzan Sabancı Dinçer was elected Chairman of the Board of Directors on March 28, 2008. Mrs. Sabancı Dinçer was appointed Senior Vice President of the Akbank Treasury Department in 1989, promoted to Executive Vice President in charge of Treasury in 1994, appointed to the Board of Directors as Executive Board Member in charge of Treasury and International Relations in 1997 and as Executive Board Member in charge of all matters of the Board of Directors in 2000. Mrs. Sabancı Dinçer is the Honorary Consul of Luxembourg as well as a member of the National Bank of Kuwait's International Advisory Board, Blackstone's International Advisory Board, the Chatham House Panel of Senior Advisers, the Institute of International Finance Board of Directors and Emerging Markets Advisory Board, the Chairman of the Turkish-British Business Council of Foreign Economic Relations Board of Turkey (DEIK), the Global Relations Forum Board of Directors and the Forum Istanbul Honorary Advisory Board.
Suzan Sabancı Dinçer was elected Chairman of the Board of Directors on March 28, 2008. Mrs. Sabancı Dinçer was appointed Senior Vice President of the Akbank Treasury Department in 1989, promoted to Executive Vice President in charge of Treasury in 1994, appointed to the Board of Directors as Executive Board Member in charge of Treasury and International Relations in 1997 and as Executive Board Member in charge of all matters of the Board of Directors in 2000. Mrs. Sabancı Dinçer is the Honorary Consul of Luxembourg as well as a member of the National Bank of Kuwait's International Advisory Board, Blackstone's International Advisory Board, the Chatham House Panel of Senior Advisers, the Institute of International Finance Board of Directors and Emerging Markets Advisory Board, the Chairman of the Turkish-British Business Council of Foreign Economic Relations Board of Turkey (DEIK), the Global Relations Forum Board of Directors and the Forum Istanbul Honorary Advisory Board.
Erol Sabancı - Member
Having served as a member of the Akbank Board of Directors since 1967, for a decade beginning from March 1998 Erol Sabancı served as the Chairman of the Board of Directors. Elected Honorary Chairman and Consultant to the Board on March 28, 2008, Erol Sabancı also serves as Vice Chairman of the Board of Directors of Sabancı Holding.
Having served as a member of the Akbank Board of Directors since 1967, for a decade beginning from March 1998 Erol Sabancı served as the Chairman of the Board of Directors. Elected Honorary Chairman and Consultant to the Board on March 28, 2008, Erol Sabancı also serves as Vice Chairman of the Board of Directors of Sabancı Holding.
Hayri Çulhacı - Member
Hayri Çulhacı was elected as Vice Chairman on July 18, 2010 and was appointed Chairman of the Audit Committee and Executive Risk Committee on January 17, 2011. Having joined Akbank as an Executive Vice President in 1990, Çulhacı was consecutively appointed as Executive Vice President in charge of Corporate Communications, Investor Relations and Strategy; as Advisor to the Chairman; and as Executive Board Member. Prior to joining Akbank, Hayri Çulhacı worked as a civil servant in the Ministry of Finance. Çulhacı holds a BA degree in Economics from Ankara University, Faculty of Political Sciences and an MBA degree from Northeastern University in the USA. Hayri Çulhacı is a member of the Board of Trustees of Sabancı Foundation and a member of the Board of Trustees of Sabancı University, a Board Member of Aksigorta A.Ş., and AvivaSA A.Ş.
Hayri Çulhacı was elected as Vice Chairman on July 18, 2010 and was appointed Chairman of the Audit Committee and Executive Risk Committee on January 17, 2011. Having joined Akbank as an Executive Vice President in 1990, Çulhacı was consecutively appointed as Executive Vice President in charge of Corporate Communications, Investor Relations and Strategy; as Advisor to the Chairman; and as Executive Board Member. Prior to joining Akbank, Hayri Çulhacı worked as a civil servant in the Ministry of Finance. Çulhacı holds a BA degree in Economics from Ankara University, Faculty of Political Sciences and an MBA degree from Northeastern University in the USA. Hayri Çulhacı is a member of the Board of Trustees of Sabancı Foundation and a member of the Board of Trustees of Sabancı University, a Board Member of Aksigorta A.Ş., and AvivaSA A.Ş.
Hakan Binbaşgil - Member
Hakan Binbaşgil joined Akbank as the Executive Vice President in charge of Change Management in October 2002. He initiated the Bank's "Restructuring Programme" which has transformed Akbank into one of Turkey's most customer-focused, modern and innovative financial institutions. Hakan Binbaşgil was appointed Executive Vice President in charge of Retail Banking in November 2003, Deputy CEO in May 2008, and since January 2012 as Board Member and Chief Executive Officer of the Bank.
Prior to joining Akbank, Binbaşgil worked as a Management Consultant in the London and Istanbul offices of Accenture, and as Executive Vice President in a different private sector bank. Binbaşgil also served on the boards of directors of numerous local and foreign companies.
Currently, in addition to his position as CEO at Akbank, Binbaşgil is also the Chairman of Ak Asset Management, Ak Investment, AKLease, Akbank N.V., Akbank AG and Akbank (Dubai) Ltd.
After attending Robert College, Hakan Binbaşgil graduated from Bosphorus University, Faculty of Mechanical Engineering. Binbaşgil also holds MBA and MS degrees in Finance from Louisiana State University-Baton Rouge, USA.
Hakan Binbaşgil joined Akbank as the Executive Vice President in charge of Change Management in October 2002. He initiated the Bank's "Restructuring Programme" which has transformed Akbank into one of Turkey's most customer-focused, modern and innovative financial institutions. Hakan Binbaşgil was appointed Executive Vice President in charge of Retail Banking in November 2003, Deputy CEO in May 2008, and since January 2012 as Board Member and Chief Executive Officer of the Bank.
Prior to joining Akbank, Binbaşgil worked as a Management Consultant in the London and Istanbul offices of Accenture, and as Executive Vice President in a different private sector bank. Binbaşgil also served on the boards of directors of numerous local and foreign companies.
Currently, in addition to his position as CEO at Akbank, Binbaşgil is also the Chairman of Ak Asset Management, Ak Investment, AKLease, Akbank N.V., Akbank AG and Akbank (Dubai) Ltd.
After attending Robert College, Hakan Binbaşgil graduated from Bosphorus University, Faculty of Mechanical Engineering. Binbaşgil also holds MBA and MS degrees in Finance from Louisiana State University-Baton Rouge, USA.
