H.E Mehmet Simsek
Minister of Finance, Turkey
Dr. Vahdettin ERTAŞ
Capital Markets Board of Turkey
Ijlal Ahmed Alvi
International Islamic Finance Market (IIFM)
Investments - Fajr Capital
Dr. Fadi Khalaf
Arab Federation of Exchanges
H.E. Mehmet Simsek was elected to Parliament in the general election on July 22, 2007. He was appointed as the Minister of Finance on May 1, 2009. Prior to that, he was the State Minister for Economic Affairs during August 2007 - April 2009.
Prior to joining politics, H.E. Simsek was the chief economist and strategist for emerging Europe, Middle East and Africa region at Merrill Lynch in London for 7 years. He also served as senior economist and bank analyst for Deutsche-Bender Securities from 1998 to 2000. H.E. spent about a year in New York where he worked for UBS Securities in 1997. Prior to that, he was a senior economist at the US Embassy in Ankara for almost four years.
Dr. Vahdettin ErtaŞ is the Chairman of the Capital Markets Board of Turkey (CMB), which is the regulatory and supervisory authority for capital markets. The CMB has a wide range of responsibilities with regard to ensuring fair and orderly functioning of capital markets, protecting rights and interests of investors.
Mr. ErtaŞ started his career at the CMB in 1987. From 1997 to 2005, he performed the tasks of Head of Department respectively at the Institutional Investors and Corporate Finance Departments of the CMB. During this period, he also carried out Board memberships at Turkish Catastrophe Insurance Pool and Tax Council. Mr. ErtaŞ was appointed as the Chairman of Istanbul Gold Exchange in 2005 and as a member of the CMB Executive Board in 2006. In January 2013 he was appointed as the Chairman of the CMB.
Mr. ErtaŞ earned his Master Degree in 1991 and Doctoral Degree in 2012 at the Department of Business Administration of Hacettepe University. Additionally he has an MBA Degree from Lancaster University.
Mr. Alvi has over two decades of experience in the financial services industry, specifically in the areas of Capital & Money Market and Investment Banking.
He is Chief Executive of International Islamic Financial Market (IIFM) since 2005, where he has been instrumental in initiating standardization of Islamic Capital & Money Market’s Documentation, Products and related Processes. In order to enhance and bring unification in Islamic Finance and its legal system he has negotiated and successfully signed several Memorandums of Understanding (MOUs) with organizations such as IRTI-IDB, ISDA, ICMA, AIBIM etc.
Mr. Alvi manages a number of IIFM’s Global Working Groups focused towards developing unified Islamic Capital & Money Market documentation and product standards specifically on Islamic Hedging, Liquidity Management & Capital Market Instruments. He also manages IIFM workshops and specialized Capital & Money Market events.
Mr. Alvi is also involved in several working committees at international level such as the IFSI's 10 Year Framework and Islamic Financial Sector Development Working Group. Mr. Alvi is a regular contributor in the printed media where his contributions are focused on Islamic financial instruments, liquidity management, risk mitigation and innovation in Islamic Financial Services Industry as well as expert participation in events hosted by regulators such as Securities Commission Malaysia, Central Bank of Bahrain, Bank Indonesia, State Bank of Pakistan as well as other Islamic finance events such as WIBC, IFN Forum, Euromoney’s Islamic Summit etc.
Mr. Alvi has overseen the launch of the IFSI’s first global standardized documentation namely Murabaha and Agency documentation, ISDA/IIFM Tahawwut (Hedging) Master Agreement, Hedging Product Standards, Inter-Bank Unrestricted Investment Wakalah Standard etc,.
Mr. Alvi holds a Master’s in Finance from Golden Gate University, California, USA.
Mr. Zafar focuses on principal investments at Fajr Capital, and also serves on the Board of Directors of MENA Infrastructure.
He was previously Managing Director, Corporate Finance Advisory at Deloitte, Middle East. Prior to Deloitte, Mr. Zafar established the Qatari investment firm and government–related entity Al Rayan Investment, serving as CEO and Board Member. In a wide ranging international investment banking career, he has also held senior roles at leading institutions such as CIBC, Bank of America and HSBC in North America, Europe, the Middle East and Southeast Asia. He has particular depth in Islamic financial services (having set up Bank of America’s Islamic financial services unit in 1999 and assisted in Arcapita’s early development) and the oil, gas and mining industries. He has a Bachelor’s in Accounting and a BBA in Finance from the University of Texas, Austin. He is also a Certified Public Accountant.
Dr. Fadi Khalaf is currently the Secretary General of the Arab Federation of Exchanges (AFE), since September 2009. Previously, In 1999 Dr. Khalaf served as the Chairman of the Beirut Stock Exchange, for a period of 10 years. From 1994 to 1999, he worked as a Financial Consultant in France.
Dr. Khalaf is mainly specialized in the Financial Markets field, and has conducted various research and publications. He participates in many regional and International conferences, on an academic and professional level in his field of expertise.
Dr. Khalaf holds a PhD in Economics from the University of Paris I - Sorbonne in Paris - France, a Masters Degree in Business Administration, and a Diploma of Technical Analyst.