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.

Dr. Abdullah YAVAŞ has 41 years of experience in capital markets and capital market law. Born in 1963 in Muğla-Milas-Bafa, he completed his primary education there before attending boarding school at Erzurum Anatolian High School and Diyarbakır Anatolian High School. After graduating from Ankara University, Faculty of Political Sciences, Department of Business Administration in 1985, he passed the entrance exam that same year and began working at the Capital Markets Board as an "assistant auditor"; he obtained the title of Auditor/Expert after passing the qualification exam in 1989. He served at the Capital Markets Board for 32 years, auditing and managing the audit processes of numerous publicly traded companies, brokerage firms, independent auditing firms, and other institutions and organizations. During this period, he served as Deputy Head and Head of the Auditing Department (1998-2005), Head of the Brokerage Activities Department (2005-2007), and spent the final period of his career at the Capital Markets Board as a Senior Expert in the Accounting Standards Department. During this period, after completing her master's courses in Economics at the Middle East Technical University, she left it at the thesis stage and completed her master's degree in Economics at Western Illinois University (Macomb, IL) in the USA (1991-1992). She completed her doctorate at Marmara University Banking and Insurance Institute with her thesis titled "The Supervisory Role of Financial Intermediaries, Financing and Control in Companies" (2005-2011).

After completing her internship at Istanbul Bahçeşehir University Faculty of Law, where she studied between 2013-2017, she has been working as a freelance lawyer since 2019.

She holds a Certified Public Accountant license, an Independent Auditor Certificate, and capital market licenses issued by SPL. She has taught and continues to teach finance, capital markets, and law courses at various universities.

He received his undergraduate education in Business Administration from Ankara University's Faculty of Political Sciences and his postgraduate education in Accounting from the University of Illinois in the United States. He served as an Accountant and Chief 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 Vice President of the Public Oversight Board (KGK) between 2012 and 2016. He served as the President 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 and also served as President of the Bail Fund. He continues his career as a consultant, independent auditor, and certified public accountant in the fields of money laundering compliance and tax at DC Auditing and Consulting, which he founded.

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.

He graduated from Istanbul Technical University, Department of Industrial Engineering in 2001 and started working as an Assistant Expert at the Capital Markets Board in January 2002. Becoming an Expert in 2005, ERTUGAY received his Executive MBA degree from Koç University in 2009. He obtained the title of Senior Expert in 2011 and worked for over 12 years in the Auditing Department and Partnerships Financing Department of the Capital Markets Board. At the beginning of 2015, he started working as the General Manager and Board Member at the Capital Markets Licensing Registry and Training Organization Inc. (SPL). After leaving SPL in 2021, ERTUGAY worked as the founding General Manager and Board Member at Eliptik Digital Custody Management Inc. (BtcTurk Custody). Later, he founded Foneva Portfolio Management Inc., where he served as General Manager and Board Member, and left the partnership and his positions in August 2025.