Graduated from Gazi University Faculty of Economics and Administrative Sciences, Public Administration in 1997, Mr. Karakaya completed his MSF at The George Washington University in 2008. Starting his career at the Republic of Turkey Prime Ministry Undersecretariat of Treasury as an Auditor, Mr. Karakaya worked for the BRSA between 2000 and 2013 and from 2009 to 2013, he served as the Senior Auditor. Cemal Ufuk Karakaya was a Member of the Audit Board at West Finance and Credit Bank PJSC Ukraine, 2014-2017; Member of the Board at Creditwest Bank Ltd. Cyprus, 2014-2018 and Member of Board at Creditwest Factoring A.S., 2014-2017. Prior to joining to Aktifbank A.S. as Subsidiary Group Head, he worked as Audit Group Head in Altınbas Holding A.S. between August 2013 and February 2018. Mr. Karakay, who holds a Certified Public Accountant Certificate, speaks English.

Okan Altaşlı serves as a Regional Offices Director in charge of all ICD regional offices in 7 countries covering MENA, Sub-Saharan Africa, CIS and Southeast Asia and as Deputy Chairman of the Board of Directors at Mukafat Portfoy.

After being graduated from Boğaziçi University Mechanical Engineering in 1991 and MBA in Carneigie Mellon University in 1995 Mr. Altaşlı performed Corporate Finance services in Finans Invest as Group Manager. Between years 2006 and 2016 he performed executive role in Investment Advisory firms such as Manara Infrastructure Fund, PineBridge Investments (formerly AIG Asset Management) and Perigon Advisory W.L.L. Mr Altaşlı had role in several projects in MENA, CIS, Saudi Arabia and Gulf region both in buy, sell and transactor sides advisory. He took part in more than 20 IPOs in Turkish market and had been the financial advisor to a consortium of investors in the first privatization tenders of electricity distribution companies in Turkey.

Mr. Suat Bakkal was born in 1980, Trabzon-Turkey; Mr. Bakkal completed both undergraduate & Graduate studies at Boğaziçi University and holds a Master Degree in Economics and Finance. He also has capital markets licenses on the fields of Derivative Financial Instruments, Corporate Governance, Credit Rating, Real Estate Appraisal and CFA3.

During his career, Mr. Suat Bakkal served as the Head of Corporate Marketing in Aktif Bank, as well as executive committee member of IFM Istanbul Financial Center J.S.C., board member and real estate investment funds committee member of Mukafat Asset & Portfolio Management Co., board member of Inovaban Innovation Consulting JSC, and also chairman of several energy production & investment SPV companies. On April 2018, Mr. Bakkal was appointed CEO and Board Member of BKT Kosovë J.S.C.

Özer Burhan serves as Head of Financial Reporting & Budget Management Department at Aktif Yatirim Bankasi, and Board Member in charge of Internal Control at Mukafat Portfoy Yonetimi.

Born in 1982 in Balikesir, Mr. Burhan graduated from the Department of Economics, Bogazici University.

Starting to work as Assistant Vice President at PricewaterhouseCoopers, he held office as executive in various departments at Turkcell Iletisim Hizmetleri A.S. between 2009-2014.

Pelin Cidam serves as Head of Corporate Finance Department at Aktif Bank, and Board Member at Mukafat Portfoy Yonetimi. She has more than 16 years' experience in the fields of Corporate Finance and M&A. Before holding office at Aktif Bank, she had worked three years in Audit Department and ten years in Corporate Finance Department, accounting for a total of 13 years, at Deloitte.

She performed due diligence procedures for many foreign and Turkish investors, and provided advisory services for sales and procurement activities at Deloitte. She worked in Corporate Finance Department for 6 months at Deloitte Melbourne office. Managing the acquisition and incorporation procedures of five companies at Aktif Bank, she also carried out project financing processes for Aktif Bank's clients.

Cidam had her Bachelors Degree at the Department of Economics (English), Istanbul University, and completed her master's degree in finance and investment at Exeter University, UK. She has an advanced level of English knowledge, and intermediate level of German. She completed the valuation courses under the program of American Society of Appraisers. Cidam is having CPA certificate.


Mr. Candan graduated from the Department of Business Administration, Istanbul University. He holds Capital Market Activities Level III License, Derivative Instruments License and ISMA certificate.

Mr Candan had executive roles in Yapı Kredi Bank Treasury Department between years 1993 and 2006 and in Raymond James Securities Asset Management between years 2006 and 2009. Mr Candan specialized in Treasury Management, Fund Management and Discrete Portfolio Management. After leaving the position of Department Head role in Aktif Bank Treasury, Candan started working as the General Manager of Mukafat Asset Management.

Having graduated from Bilkent University Faculty of Business Administration in 1994, Elif Pehlivanlı completed Strategic Business Management and Planning Certification Program jointly conducted by Marmara University and Michigan State University in 1998 and then completed her MBA at Yeditepe University in 2000. Additionally, she completed Real Estate Evaluation Expertise Certification Program conducted by Istanbul University in 2004.

Starting her career at international auditing company Deloitte Touche Tohmatsu International as an auditor in 1994, Pehlivanlı gained experience in finance by serving at Bayındır Holding in Strategic Planning Department and at Bayındır Securities in Corporate Financing, Public Offering and Merger Departments between 1997 and 2002. Between 2002 and 2010 she became an expert on Integrated Marketing Communication Strategies and served as a Strategic Planning Manager at prominent advertising agencies. Also, she worked as a Marketing and Sales Manager in important real estate business development projects. Before joining to Mukafat Asset Management, between 2010 and 2017 she served at Egeli & Co. Financial Services Group as Managing Director, Marketing. Pehlivanlı also served as a Board Member at Group Companies.

Pehlivanlı is a member of Corporate Governance Association of Turkey (TKYD), Union of Chambers and Commodity Exchanges of Turkey (TOBB) Women Entrepreneurs Council (KGK). Pehlivanlı, who holds a Certified Public Accountant Certificate, Capital Market Activities Level 3 License and Corporate Governance Rating License, speaks English.