Hafize Gaye Erkan appointed as Turkey’s new central bank governor

Hafize Gaye Erkan appointed as Turkey's new central bank governor
Gaye Erkan

Hafize Gaye Erkan has been appointed as the new governor of the Central Bank of the Republic of Turkey (CBRT).

Erkan became the first female governor of the Turkish central bank.

Gaye Erkan is a proven financial services leader with deep expertise in banking, investments, risk management, technology, and digital innovation.

In June 2022, US-based commercial real estate finance and investment company Greystone hired Gaye Erkan as Chief Executive Officer (CEO). After six months, the company announced the resignation of Erkan.

”Ms. Erkan’s departure is amicable, and related to her decision to focus on new opportunities in the financial sector,” said Greystone in a press release.

Prior to joining Greystone, Erkan spent nearly eight years at First Republic Bank, in roles including Co-Chief Executive Officer, President, Board Member, Chief Investment Officer, Chief Deposit Officer, and Co-Chief Risk Officer.

Previously, she spent almost a decade at Goldman Sachs. As Managing Director and Head of Financial Institutions Group Analytics and Strategies, Erkan advised the Boards and executive management teams of large U.S. banks and insurance companies on balance sheet management, stress testing and capital planning, risk management, and M&A.

In March 2022 Erkan joined the Board of Directors at Fortune 500 firm Marsh McLennan, and she served on the Board of Directors for Tiffany & Co. from 2019 through the company’s acquisition by LVMH in 2021. She also serves on the Advisory Council for the Princeton University Operations Research and Financial Engineering Department.

In 2019, she was named to Crain’s list of Notable Women in Banking and Finance, and American Banker’s Women to Watch list. In 2018, she was named to San Francisco Business Times’ 40 Under 40 and Crain New York Business’ 40 Under 40 lists. According to San Francisco Business Times’ research in 2018, she was the only woman under 40 holding a President or CEO title at America’s 100 largest banks.

Erkan serves on the Board of Directors for the Partnership for New York City and is an active supporter of the National Coalition of Girl’s Schools. She is the founder of the Hafize Gaye Erkan First Republic Fellowship Program, a first-of-its kind program that guides young women from underserved backgrounds to a purpose-driven life through STEM education, mentorship, and professional development. She is also a member of the Young Presidents’ Organization, the Council on Foreign Relations, and the International Women’s Forum.

Gaye Erkan graduated as valedictorian of Boğaziçi University in Turkey with a B.S. in Industry Engineering and earned a Ph.D. in Operations Research and Financial Engineering from Princeton University.

She is a graduate of Harvard Business School’s Advanced Management Program and the Stanford Graduate School of Business Executive Program in Leadership.

Click here to receive CRE Herald’s weekly newsletter, news alerts and insights!