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Board of Directors

Recep Tayyip Erdoğan President of the Turkish Republic
Prof. Dr. Erişah Arıcan Deputy Chairperson
Alpaslan Çakar Board Member
Burak Dağlıoğlu Board Member
Fuat Tosyalı Board Member
Mustafa Rifat Hisarcıklıoğlu Board Member
Salim Arda Ermut CEO and Board Member
Recep Tayyip Erdoğan
President of the Turkish Republic
Prof. Dr. Erişah Arıcan
Deputy Chairperson

Prof. Dr. Arıcan received an associate professorship degree on Economic Policy in 1999, and professorship degree at the Marmara University Banking and Insurance Graduate School in 2015. In addition to her role as the Chairperson and Board member of the Banking Department of the Marmara University Banking and Insurance Graduate School which she has carried out since 2002, Prof. Arıcan assumed the title of Marmara University Banking and Insurance Institute Banking Department Chairperson and Board member in September 2015. Ms. Arıcan has been the Chairperson of the Board of Directors of Borsa Istanbul since 27 September 2018.

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Alpaslan Çakar
Board Member

Graduated from Ankara University, Faculty of Political Sciences, and Department of Public Administration, Mr. Çakar started his career in 1996 at Ziraat Bank. Çakar served as Auditor and Branch Manager and was appointed as Regional Director-in-chief in 2005. Çakar, became the Head of Department in August 2007, served as Executive Vice President for Retail Banking, Executive Vice President for Operations, Executive Vice President for Consumer Banking and Executive Vice President for Retail Banking. He served as Executive Vice President for Distribution Channels Management between January 2016-July 2017, Executive Vice President for Payment Systems between July 2017-June 2018, Executive Vice President for Retail Banking-2 between June 2018-March 2021 and he has been serving as the CEO and a Member of Board of Ziraat Bank since March 2021 and Chairperson of The Banks Association of Türkiye. Alpaslan Çakar has appointed as a Member of the Board of Directors of TWF in May 2021.

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Burak Dağlıoğlu
Board Member

Mr. Dağlıoğlu is President of the Investment Office of the Presidency of the Republic of Türkiye since February 2020. Prior to his appointment as President of the Investment Office, Mr. Dağlıoğlu held a number of posts within the Office; from 2010 to 2015, he worked as Project Director in charge of investment projects from the Gulf Countries, India, Japan, and USA. From 2015 to 2020, Mr. Dağlıoğlu served as the Vice President of the Investment Office in charge of overseas promotion and lead generation activities. Earlier in his career, Mr. Dağlıoğlu worked in the private sector in consulting industry at various positions. Mr. Dağlıoğlu holds a BA in Economics from Boğaziçi University and MA degree in “Global Master in Finance” from IE Business School.


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Fuat Tosyalı
Board Member

Mr. Tosyalı is the Chairperson of the Board of Directors of Tosyalı Holding, a leading iron and steel company of Türkiye that realizes production in 3 continents and employs approximately 15,000 people in 30 production facilities. In addition, Fuat Tosyalı maintains his duties as Chairperson of the Board for Association of Türkiye Steel Producers (TÇÜD), Member of Türkiye’s Exporters’ Association (TİM), Executive Committee Member of Foreign Economic Affairs Board (DEIK) and Chairperson of Türkiye-Senegal and Africa Business Councils, Board Member at Türkiye Tax Council, and Board Member of Türkiye's Automobile Joint Venture Group (TOGG). Mr. Fuat Tosyalı was appointed as a member of the Board of Directors of the TWF in September 2018.

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Mustafa Rifat Hisarcıklıoğlu
Board Member

Mr. Hisarcıklıoğlu has served as the President of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), the largest business organization in Türkiye since 2001, covering 365 chambers and commodity exchanges with 1.5 million members, and is currently the Chairperson of Eskihisar Group of Companies. Mr. Hisarcıklıoğlu, who has been decorated with Merit Badges, Honor Medals and Outstanding Service Awards by many governments and international organizations in recognition of his work and contributions to international economic development, also holds honorary doctorates awarded by a number of universities. He has worked in numerous international organizations and chamber organizations, especially EUROCHAMBRES, the ICC, the WCF, the ICCIA and the CACCI, was appointed as a member of the Board of Directors of TWF in September 2018.

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Salim Arda Ermut
CEO and Board Member

Born in Karaman in 1980, Mr. Ermut graduated from Boğaziçi University with a degree in Political Science and International Relations in 2004. He took office in 2005 as an advisor at Prime Ministry Press and Public Relations Office. He held various management positions at Investment Office of the Presidency of the Republic of Türkiye, where he started as a Specialist. 

In 2015, Mr. Ermut was appointed President of the Investment Office and held the position until 2020. During his tenure, he played a role in bringing various international direct investments to Türkiye. He also served as a Board Member of the Vienna Economic Forum and SunExpress from 2015 to 2020, as Vice President of the Turkish Basketball Federation from 2019 to 2021, and as Chairman of the World Association of Investment Promotion Agencies (WAIPA) for four years.

Arda Ermut served as a Board Member of Turkish Airlines and was one of three members of the Executive Committee of Turkish Airlines between 2019 and 2021. He also served as a Board Member of Türk Telekom between 2022 and 2024. At the Ordinary General Assembly Meeting for 2023, held on May 2, 2024, Mr. Ermut was elected as a Member of Turkcell Board of Directors.

Mr. Ermut is currently a member of the Board of Directors of Türkiye Katılım Sigorta (Türkiye Participation Insurance), established by Türkiye Wealth Fund, and Chairman of the Board of Directors of Istanbul Financial Center Management Company. 

In March 2021, he was appointed General Manager of Türkiye Wealth Fund, where he had been a Board Member between 2018-2020. 

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