Turkey considering former Citigroup, HSBC banker as central bank deputy: source
- AT&T (T) Agrees to Acquire Time Warner (TWX) for More than $80 Billion - WSJ
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
- AT&T (T) in Advanced Talks to Acquire Time Warner (TWX) - DJ
- Rockwell Automation (ROK) Said to Attract Takeover Interest from Schneider Electric - Source
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
ANKARA (Reuters) - Turkey is considering appointing an academic who previously worked at Citigroup and HSBC in London as a deputy central bank governor, a source familiar with the matter told Reuters on Thursday.
Emrah Sener could join the central bank from Istanbul's Ozyegin University in the near future, the source said, adding that his appointment could be ratified in coming days.
An official for the central bank declined to comment. Sener was not immediately available for comment.
According to his biography on Ozyegin University's website, Sener holds a doctorate in mathematical finance from Imperial College London and a masters degree from the London School of Economics.
He previously worked at the London office of Bank of America and before that, the fixed income and credit trading department of Citigroup. He also worked at HSBC.
His research has included work on the impact of macroeconomic and monetary policies on asset prices, according to his biography.
In April Turkey appointed Murat Cetinkaya as its central bank governor, the first from an Islamic finance background. Since his appointment, Cetinkaya has steadily cut rates, in line with President Tayyip Erdogan's demands for cheaper credit.
Erdogan, who favors consumption-led growth, has previously equated high interest rates with treason and said that interest rates cause inflation, a stance at odds with orthodox economics.
(Reporting by Orhan Coskun and Nevzat Devrangolu, Writing by Seda Sezer; Editing by David Dolan)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Notable Analyst Rating Changes 10/21: (CHK) (NRF) (AVT) Upgraded; (MEMP) (YHOO) (WWAV) Downgraded
- Mass prison break in Haiti, 174 inmates flee after killing guard
- Rescuers save 2,400 migrants in Mediterranean, recover 14 bodies
Create E-mail Alert Related CategoriesReuters
Related EntitiesCiti, Bank of America, HSBC
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!