Erdoğan takes control of Turkey’s SWF

Recep Tayyip Erdogan
Recep Tayyip Erdoğan: appointed his son-in-law, Berat Albayrak, as his deputy at the Turkey Wealth Fund
Photo: Flickr/US Department of Commerce

Turkish president Recep Tayyip Erdoğan appointed himself chairman of the country’s sovereign wealth fund on September 12, in a move that tightens his grip on the economy.

Erdoğan has appointed finance minister Berat Albayrak, his son-in-law, as his deputy at the Turkey Wealth Fund.

The president has also named Zafer Sonmez as general manager, according to a statement in the Official Gazette. Sonmez is head of the Turkish office of Malaysian sovereign fund Khazanah.

The Turkey Wealth Fund was

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