Erdoğan takes control of Turkey’s SWF
Fund was created in 2016 and holds assets of key national companies
Turkish president Recep Tayyip Erdoğan appointed himself chairman of the country’s sovereign wealth fund on September 12, in a move that tightens his grip on the economy.
Erdoğan has appointed finance minister Berat Albayrak, his son-in-law, as his deputy at the Turkey Wealth Fund.
The president has also named Zafer Sonmez as general manager, according to a statement in the Official Gazette. Sonmez is head of the Turkish office of Malaysian sovereign fund Khazanah.
The Turkey Wealth Fund was
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