BOARD OF DIRECTORS

He began his business career in Istanbul at a young age and entered Turkey's emerging capital markets as an investor in the early 1990s. While pursuing his business career, he also expanded his investment knowledge and experience in capital markets. Over time, he combined his commercial and capital market investment experience with investments in various areas of his career and diversified his areas of activity. He currently serves as the Chairman of the Boards of Lydia Holding Inc., Lydia Green Energy Resources Inc., Ufuk Investment Management and Real Estate Inc., EC Real Estate Investments Inc., and Lydia Investment Holding Inc.

He completed his undergraduate and graduate degrees in Business Administration. Akkaya began his career in 1997 as an Assistant Specialist at Oyak Investment Securities Inc., where he served as an Investment Specialist, Deputy Investment Manager, and Investment Manager until 2015. He has over 20 years of experience in capital markets and is also experienced in venture capital as an angel investor. He holds a Level 3 Capital Markets Activities and Derivatives License. He serves as Vice Chairman of the Board of Lydia Holding Inc., Lydia Green Energy Resources Inc., and Ufuk Investment Management and Real Estate Inc. He also serves as Chairman of the Board of Bulls Group of Companies.

After graduating with honors from the English Department of Economics at Marmara University, Dr. Semra Demircioğlu entered the financial world and worked as an economist at various investment companies. During this period, her economic articles were featured in magazines and newspapers, and she reached a wide audience with her market commentary through television appearances. Demircioğlu joined Ziraat Portföy AŞ in 2016, where she assumed responsibilities as an economist and risk manager. She also accelerated her academic development during the same period, completing her master's degrees at Marmara University and Boğaziçi University.

In 2019, Demircioğlu transferred to Param Group and led the group's financial strategies as Deputy General Manager of the Treasury. In 2021, she was appointed CEO of Turk Finansman AŞ, spearheading the establishment of an end-to-end personal digital lending infrastructure by implementing Turkey's first "Buy Now, Pay Later" (BNPL) system. In 2022, she was appointed Executive Board Member responsible for Risk at Param Group. During this period, he successfully completed his academic studies and received his doctorate in 2024, thus achieving significant success both academically and professionally.

As CEO and a member of the Board of Directors of Lydia Holding since 2025, Dr. Demircioğlu also serves on the boards of Lydia Yeşil Enerji Kaynakları AŞ, Ufuk Yatırım, Yönetim ve Gayrimenkul AŞ, and various other companies. Combining his academic knowledge with the business world, Demircioğlu also continues to contribute to the public by providing economic and market assessments on television.

He graduated from Ankara University's Faculty of Political Sciences. He served as an assistant accountant and accountant on the Board of Accountants at the Ministry of Finance between 1997 and 2008, as a Group Head at the Revenue Administration between 2008 and 2012, and as Deputy Chairman of the Public Oversight Board between 2012 and 2016. After serving as Chairman of the Financial Crimes Investigation Board (MASAK) between 2016 and 2020, he worked as an Advisor to the Minister of Finance between 2020 and 2023. He joined RYM Reform as a partner in 2023 and continues to serve in this position. He is an independent member of the Board of Directors at Lydia Holding A.Ş.

He received his bachelor's and master's degrees from New York University-Stern School of Business in the USA. Between 1983 and 1984, he worked on exchange rate risk management at the United Nations Development Program (UNDP). Between 1984 and 1994, he worked as a senior executive at various industrial companies and stock exchange brokerage firms in Istanbul. He served as Director of Foreign Relations, Research and International Market Units at Borsa Istanbul between 1994 and 1996, and as Vice President of the Stock Exchange and a Member of the Board of Takasbank between 1996 and 2006. Between 2006 and 2007, he served as a board advisor, general manager and board member at industrial companies and stock exchange brokerage firms; In 2007, by a decision of the Council of Ministers, he was appointed President of Borsa Istanbul. He served as President of the Borsa Istanbul until the end of 2011, while also serving as Chairman of the Board of Takasbank. Between 2012 and 2014, he worked as CEO of the World Federation of Exchanges (WFE) in Paris and London. Between 2015 and 2016, he worked as a Strategy Consultant at BTA Consulting London. Between 2016 and 2021, he served as Chairman and Board Advisor of the Saudi Capital Markets Board, Chief Advisor to the Chairman of the Saudi Stock Exchange, and a Board Member of the Saudi Central Securities Depository and the Saudi Central Counterparty Organization. In addition to his aforementioned roles, he also served as the Founding President of the Federation of Eurasian Exchanges (FEAS), the Committee Chairman and Board Member of the World Federation of Exchanges (WFE), the Founding President of the Form of Exchanges of Member States of the Organization of Islamic Conference, the President of the TOBB Capital Markets Council, the Executive Board Member of the DEİK Turkish-Japanese Business Council, the SROOC Member of the International Organization of Capital Market Authorities (IOSCO), the SMEs and Capital Markets Joint Project Coordinator for the OECD Borsa Istanbul, and the Joint Project Coordinator for the Southeast European Capital Markets Cooperation (SECI). He has been an International Capital Markets Consultant in Istanbul since 2021 and a Board Member of the Konya Cement-Vicat Group since 2012.