Turkey's President Recep Tayyip Erdogan smiles while he arrives at Khartoum Airport, Sudan December 24,2017. REUTERS/Mohamed Nureldin Abdallah/File Photo
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President Recep Tayyip Erdogan appointed himself chairman of Turkey's sovereign wealth fund and got rid of the entire management staff that had presided over two years of inaction. Zafer Sonmez, head of Turkey and Africa for Malaysia's government investment vehicle Khazanah Nasional Bhd, was named general manager. In the shakeup, Erdogan ousted one of his own advisers from the board, Yigit Bulut. The new board members include Rifat Hisarciklioglu, head of the Turkish chambers of commerce; Huseyin Aydin, head of the banking association and Ziraat CEO; Arda Ermut, the head of Turkey's investment support and promotion agency; Erisah Arican, a professor and member of the Borsa Istanbul board; and businessman Fuat Tosyali.
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