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Wealth Fund Chief Resigns Following BIST100 CEO; Davutoglu: Erdogan Shifting Away From EU

TURKEY

LOCAL NEWS

  • Turkish Wealth Fund Chief Zafer Sonmez to step down following yesterday's resignation of the Istanbul exchange's CEO, Atilla – both appointed under Albayrak.
    • Wealth Fund resignation is a key shift as it is mandated to play a leading role in investments too large for the private sector
  • Opposition Future Party Leader Davutoglu says Erdogan is shifting away from the EU model and changing the nature of Turkish politics.
    • Notes foreign policy being impacted through personal contacts taking precedence over long-term strategies.
    • However, Davutoglu supported Erdogan's stance on the East Med & Cyprus
  • 1430GMT Erdogan Chairs AKP meeting in Ankara
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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