Executive Management

İbrahim Halil ÖztopCEO and Board Member

CEO and Board Member

Şanlıurfa, 1969. İbrahim Halil Öztop graduated from the Industrial Engineering Department of Middle East Technical University in 1991 and received his master’s degree in Business Administration from Bilkent University. Öztop began his career as an Assistant Executive in the Corporate Financing Department of the Industrial Development Bank of Turkey in 1995 and worked there until 1999. Then, he served as head of Corporate and Project Finance at Körfezbank from 1999 to 2001, as Investment Banking Group Manager at the Industrial Development Bank of Turkey from 2002 to 2006, as Executive Director at Osmanlı Yapı Şirketleri from 2006 to 2010, and as Executive Vice President of Corporate Finance at Garanti Yatırım Menkul Kıymetler A.Ş. from 2011 to 2018. In August 2018, Öztop was appointed as the Chairman and CEO of the Development and Investment Bank of Turkey, and he has been serving as a Board Member and the CEO of the Bank since December 2018. Furthermore, he is a Member of the Board of Directors of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP).

Zekai IşıldarExecutive Vice President | Human Resources, Support Services and Operations

Executive Vice President | Human Resources, Support Services and Operations

Kayseri, 1963. Zekai Işıldar graduated from the Department of Mining Engineering at Middle East Technical University in 1986. Beginning his professional career as Assistant Specialist at the Bank in 1986, Işıldar served as Specialist, Senior Specialist and Manager in various departments from 1991 to 2007. Afterward, he was appointed Acting Executive Vice President in 2007 and then Executive Vice President in January 2009. Işıldar served as a Board Member at the Bank from 2008 to 2009. Previously, he also served as a Board Member at the Bank’s subsidiaries Acıselsan A.Ş. and T.H. Kalkınma Yatırım Menkul Değerler A.Ş. Işıldar is in charge of the Human Resources, Support Services and Operations departments.

Satı BalcıExecutive Vice President | Financial Analysis and Engineering

Executive Vice President | Financial Analysis and Engineering

Yozgat, 1966. Satı Balcı graduated from Ankara University, Faculty of Political Sciences, Department of Business Administration in 1988. She began her professional career in 1988 as a clerk at Yapı Kredi Bank and later worked as Assistant Specialist, Specialist (1993-1998), Senior Specialist (1998-2006), Manager (2006-2011), and Department Head (2011-2017) at the same bank. Balcı served as a Board Member at the Bank’s subsidiaries Yozgat Otelcilik A.Ş. and Arıcak A.Ş. Currently, she is a Board Member of T.H. Kalkınma Yatırım Menkul Değerler A.Ş. Balcı has been serving as an Executive Vice President at the Development Bank of Turkey since November 2017, and she is in charge of Credit Evaluation, Intelligence and Financial Analysis as well as Subsidiaries and Corporate Relations.

Ufuk Balâ YücelExecutive Vice President | Loans and Law

Executive Vice President | Loans and Law

Istanbul, 1964. Ufuk Balâ Yücel graduated from Boğaziçi University, Faculty of Economics and Administrative Sciences, Department of Public Administration in 1987. She earned her master’s degree from the Institute of Banking and Insurance at Marmara University in 1992. Starting her professional career in 1987 at Uluslararası Endüstri ve Ticaret Bankası A.Ş., Yücel worked as Corporate Branch Manager at Yapı ve Kredi Bankası A.Ş. from 1987 to 1999, and she served at Finansbank A.Ş. as Corporate Branch Manager from 1999 to 2000. Having worked at the Industrial Development Bank of Turkey from 2001 to 2007 as Loans Department Manager, she served as Executive Vice President at the same institution from 2008 to 2018. Between 2008 and 2013, she was a Member of the Board of Directors of Türkiye Sınai Kalkınma Bankası GYO A.Ş. She then served as the Chairman from 2014 to 2018. Yücel has been serving as an Executive Vice President at the Bank since January 31, 2019, and she is in charge of the Credit Monitoring and Collection and Legal Affairs Departments.

Seçil Kızılkaya YıldızExecutive Vice President | Investment Banking

Executive Vice President | Investment Banking

Konya, 1973. Seçil Kızılkaya Yıldız graduated from Boğaziçi University, Faculty of Economics and Administrative Sciences, Department of Business Administration in 1998. Yıldız began her career at the Industrial Development Bank of Turkey in 1998. She was Corporate Finance Assistant Manager at Oyak Yatırım Menkul Değerler A.Ş. from 2006 to 2007 and served as a Senior Credit Analyst at the Istanbul Liaison Office of the Bayerische Hypo-und Vereinsbank AG from 2007 to 2008. She worked as Capital Markets Director at UniCredit Menkul Değerler A.Ş from 2008 to 2012 and then as Structured Financing Group Manager at ING Bank A.Ş. from 2012 to 2014. Having worked as a Corporate Finance Consultant from 2014 to 2016, Yıldız worked as the founding and managing partner of FSM Advisory Consultancy Partnership from 2016 to 2017. She was an Executive Vice President at Kuzu Toplu Konut İnşaat A.Ş. from 2017 to 2019. Yıldız has been serving at the Bank as the Executive Vice President in charge of Investment Banking since March 2019.

Özgür MaraşExecutive Vice President | Corporate Banking, IT and Financial Affairs

Executive Vice President | Corporate Banking, IT and Financial Affairs

Munich, 1970. Özgür Maraş graduated from the Industrial Engineering Department of Middle East Technical University in 1991. He began his career at Yapı Kredi Bank. He became the manager of the Altunizade Corporate Branch, and in 1997, he left Yapı Kredi Bank and moved to Körfezbank A.Ş., a Doğuş Group bank. Until 2002, he served as the manager of various branches including the main branch. In 2002, he started to work as the Main Corporate Branch Manager at Koçbank, and following the merger of Yapı Kredi Bank and Koçbank in 2006, he became Eminönü Commercial Region Manager. In 2007, he was appointed as the CEO of Yapı Kredi Bank Amsterdam, which operates in Amsterdam, the Netherlands, and stayed in this position until his return to Turkey in 2013 as the CEO of Yapı Kredi Finansal Kiralama A.O. Between 2016 and 2018, he served as the CEO of the Çelik Motor company, an Anadolu Group company. Maraş has been serving as the Executive Vice President in charge of the Credit Marketing, Financial Affairs, IT Application Development, IT Systems and Infrastructure departments since April 2019.

Burak DedelerDeputy General Director | Corporate Banking

Deputy General Director | Corporate Banking

2019 - Deputy General Director, Development and Investment Bank of Turkey 2006 – 2019 – Principal, Ünlü & Co – Ünlü Alternative Asset Management 2000 – 2006 – Director, M&A Advisory, Dundas Ünlü & Co. (Ünlü & Co) 1999 – 2000 - Assistant Manager, Equity Research Eczacıbaşı Securtities 1995 – 1998 - Senior Analist, Equity Research TAIB Yatırımbank

Özlem CinemreExecutive Vice President | Treasury and Financial Institutions

Executive Vice President | Treasury and Financial Institutions

Emine Özlem Cinemre graduated from Boğaziçi University, Faculty of Economics and Administrative Sciences, Department of Business Administration in 1988. She started her career in 1988 as an Assistant Specialist at QNB Finansbank A.Ş., and went on to become Foreign Relations Officer from 1989 to 1991, Head of the Foreign Relations Department from 1991 to 1992, Head of the Foreign Relations Group from 1993 to 1997 and Executive Vice President of the International Division from 1997 to 2018. Since 2018, she has been a Member of the Board at QNB Finansleasing, Faktoring and Hemenal Finans. Cinemre has been an Executive Vice President at the Bank since 2019.