The European Bank for Reconstruction and Development (EBRD) has appointed Huseyin Ozhan head of its office in Ankara, the capital of Turkey. Mr Ozhan, a senior banker previously in charge of the EBRD’s investments in the transport sector in Turkey, is taking up his new post today.
In Ankara he follows Engin Goksu, who has moved to Ashgabat to head the EBRD’s operations in Turkmenistan.
Prior to joining the EBRD in 2011, Huseyin Ozhan worked as sector head for the corporate banking and structured finance department at Eurobank Tekfen in Turkey. He also has investment experience in the energy and telecoms sectors in the Balkans and the CIS countries.
A Turkish national, Mr Ozhan holds an honours Bachelor degree in Economics and Mathematics from Macalester College, Minnesota, and an M.A. in Finance from Ankara’s Çankaya University. He is currently a Ph.D. candidate at Yeditepe University, Istanbul.
Huseyin Ozhan will lead the Bank’s cooperation with the Turkish government, Ankara-based international financial institutions, diplomatic missions and civil society organisations. He will also oversee the Bank’s business in Ankara and the central Anatolian regions.
The EBRD has just adopted a new strategy for Turkey with a focus on investment in sustainable energy, improving infrastructure, strengthening the competitiveness of the private sector, deepening capital and local currency markets, while promoting regional and youth inclusion and gender equality. The Bank will continue closely working with the Turkish authorities, providing policy advice and support for economic reforms.
In 2014, Turkey became EBRD’s top financing destination, with new investments worth €1.4 billion. The Bank started investing in the country in 2009 and currently operates from offices in Istanbul, Ankara and Gaziantep.
To date, the Bank has invested €6.8 billion in Turkey through 170 projects in infrastructure, energy, agribusiness, industry and finance. It has also mobilised about €16 billion for these ventures from other sources of financing.