Former İstanbul Stock Exchange (İMKB) President Hüseyin Erkan has been elected secretary-general of the World Federation of Exchanges (WFE), the federation announced on Monday.
A written WFE statement said Erkan would succeed Thomas Krantz as secretary-general and quoted Erkan as saying: "I am honored that the WFE board of directors has appointed me to the position of secretary-general, recognizing my commitment to the principles put forward by the federation. My goal is to expand and enhance WFE's service and advocacy for well-regulated exchanges, particularly during this period of rapid global economic transformation."
Erkan also said his major task as WFE head would be to protect the rights of legal stock exchanges and maintain fair competition in markets. The WFE statement said it believed that Erkan's leadership at the İMKB uniquely suited him for his new role at the WFE in articulating the unified global exchange viewpoint about industry regulatory issues. "His appointment should continue to facilitate coordination between WFE members to maintain a high level of visibility for WFE initiatives among policymakers, regulators and academics," the statement said.
Until recently Erkan served as president of the İMKB. Erkan has approximately 23 years of experience in the financial sector, 16 years of which have been with the İMKB. Erkan was a member of the WFE board of directors between 2008 and 2011.