Executive Board

Dr. Yusuf KAYA

SPL Chairman of the Board

Dr. KAYA started his career as an Assistant Expert at the Capital Markets Board of Turkey (CMB) in 1999. He was appointed as Expert in 2003 and as Chief Expert in 2010. Between 2014 and 2016, he served as the Head of Enforcement Department and still continues to perform his duties as Executive Vice Chairman of CMB.

Dr. KAYA graduated from Bilkent University, Business Administration Department in 1999 and completed his master’s degree at Duke University Fuqua School of Business, MBA program in 2010. He completed his thesis in 2014 and earned a Ph.D from Istanbul University, Department of Economics.


SPL Vice Chairman of the Board

Mr. ARIKAN graduated from Hacettepe University, Faculty of Economics and Administrative Sciences in 1987. Between 1997 and 1998, he attended the “Executive MBA” program at University of Pennsylvania Wharton School in USA.

Mr. ARIKAN served as an Expert at the Capital Markets Board of Turkey (CMB) between 1989 and 2001. From 2001 onwards, Mr. ARIKAN worked at the Turkish Capital Markets Association in various positions, and since 2004, he serves as the Secretary General.


Chief Executive Officer

SPL Board Member

Ms. YILDIZ started her career at the Capital Markets Board of Turkey (CMB) in 2002 as an Assistant Expert in Enforcement Department. She was promoted to seniority with her research paper on “Functioning of Hedge Funds” in 2005 and appointed as chief expert in 2011. During her 10-year tenure in Enforcement Department, she conducted numerous financial audits of corporations and financial institutions subject to the Capital Market Law, investigated market abuse facilities and money-laundering offenses. After joining the Corporate Finance Department of CMB in 2012, Ms. YILDIZ actively engaged in processing the corporations’ applications of security issues and special transactions, monitoring disclosures of corporations under corporate governance regulations and monitoring financial reports of corporations in terms of IRFS and other applicable standards. After gaining 13 years of extensive experience in the regulation and supervision of securities markets at CMB, Ms. YILDIZ started to serve as the Assistant General Manager at the Capital Markets Licensing Registry and Training Agency (SPL) in 2015 and still continues to perform her duties in SPL as the Chief Executive Officer and Board Member.

Ms. YILDIZ graduated from Istanbul Technical University, Management Engineering Department (BS) in 2001 and received her master’s degree from Koç University, Executive MBA Program in 2009.


SPL Board Member

She completed her high school education in İzmir American High School and graduated from Boğaziçi University, Department of Management in 1989. She started her banking career as a Management Trainee at Interbank in 1989.

She has worked at Financial Control-Planning and Fund Management Departments at Interbank. Then she worked as the Assistant Manager in charge of Foreign Exchange Markets at Tekstilbank, the Head of the Treasury Department between 1997-2001 and the Assistant General Manager of Treasury between 2001 and 2008. She was a member of the Board of Tekstil Securities Investment Fund and member of the Board of Auditors, Turkish Capital Markets Association.

Oktay Okan ALPAY

SPL Board Member

Born in 1969 in İstanbul, Mr. ALPAY began his career as research analyst in 1993. He worked in the asset management sector for various companies after he had served as research analyst for 3 years. Between 2002 and 2010, he performed duties as manager and assistant general manager / CIO at Yapı Kredi Portföy Yönetimi.

Between 2010 and 2013, he served as CEO / Managing Partner at Libera Portföy. He performed duties as CIO / Coordinator at Finans Portföy between 2013 and 2014. ALPAY was appointed as CEO at Tacirler Portföy Yönetim A.Ş. in December 2014. He graduated from Mimar Sinan University and has 25 years of experience in his field.

Nizamettin UÇAK

SPL Board Member

Mr. UÇAK graduated from Ankara University, Faculty of Law in 1997. Mr. UÇAK started his career as an Assistant Expert at the Capital Markets Board of Turkey (CMB) in 1997. He was appointed as Expert in 2001 and Chief Expert in 2010. Between 2016 and 2019, he served as the Vice Head of Corporate Finance Department and still continues to perform his duties as Head of Corporate Finance Department.

Mr. UÇAK received his master’s degree from Atılım University, Finance Program in 2004. He also completed another master's degree in Financial Economics from Boston University, Metropolitan College, in 2011.


*Mr. İlkay ARIKAN has been appointed and assigned as the real person representative of TSPB by the Board of Directors' Resolution and has been registered with the trade register.