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
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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