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EK3

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EK3

    CURRICULUM VITAE

Name Dr. Balamir YENİ

    Profession Banking; as Chief Financial Officer (CFO) and Chief Risk Officer

    (CRO); Auditor and; University Instructor

    Nationality Turkish

    Date and place of birth 18 May 1958, Istanbul

    Home address Sanatçılar Sitesi, 29 C Blok, D:17, Tarabya Yokuşu, Tarabya İstanbul Telephone (home) 90 (212) 223 32 23

     (mobile) 90 (532) 215 78 10

    E-mail Balamir.yeni@superonline.com

Key Qualifications;

    As an auditor for 15 years, Mr. Balamir Yeni has been involved in many audit, valuation, due diligence and systems review assigments, company acquisitions, mergers and IPO transactions which relate to the firms in the banking, manufacturing, trading, hotel and service sectors. Mr. Yeni has been a senior partner at one of the “Big 4” international auditing firms (KPMG) by the end of 2000.

As an auditor, Mr. Yeni attended various professional courses, which include the issues relating to

    “senior development”, “advanced US/UK auditing and accounting matters”, “risk management in the

    audit environment” and “bank audits and seminars” organised by KPMG at different locations in

    Europe.

    After the audit profession, Mr. Yeni joined Akbank T.A.Ş., a major Turkish Bank, as Executive Vice President/Assistant General Manager in charge of Financial Coordination and Risk

    Management (as Chief Financial Officer (CFO) and Chief Risk Officer (CRO)) at the beginning of 2001 and worked for this Bank for 7 years by November 2007. Mr. Yeni’s areas of responsibilities and duties as Chief Financial Officer (CFO) and Chief Risk Officer (CRO) included

    a wide rage of services as outlined below:

    ? Accounting,

    ? Financial reporting,

    ? Financial control,

    ? Mergers, acquisitions, IPOs

    ? Relationship management with legal authorities (i.e.Banking authority and stock exchange adm.)

    ? Tax planning,

    ? Budgeting,

    ? Management reporting,

    ? Market risk, operational risk and credit risk management and; risk reporting,

    ? Preparing the Bank for Basel II full compliance.

Mr. Yeni also held BOD (Board of Directors) membership in all the financial subsidiaries of

    Akbank T.A.Ş.; these subsidiaries cover a wide range of financial services and include Ak Yatırım Menkul Değerler A.Ş. (Securities/ proprietary trading company); Ak Finansal Kiralama A.Ş.(Leasing company); Ak Portföy A.Ş. (Portfolio management company ); Ak Yatırım Ortaklığı A.Ş. (Private Investment Firm); Akbank NV (Banking subsidiary in Netherlands) and ; Akbank AG (Banking subsidiary in Germany)

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After joining Akbank, Mr. Yeni also attended various seminars, symposiums and courses in the areas

    of financial control, budgeting, tax and risk management in the Banking Business in various places

    in Europe.

After a long professional life, Balamir Yeni has left as “retired” Akbank T.A.Ş. in November

    2007 for the reasons of both to realise the retirement benefits earned and to have a short break to evaluate his own capabilities and other potential oppurtunities for him in the market.

Following the achievement of the Doctoral Degree in Business Administration in the field of

    accounting in April 1995, Mr. Yeni has been an instructor in the payroll of two reputable

    universities (Boğaziçi University and İstanbul University) and tought a range of auditing and

    accounting courses by the end of 2002. After a short break; Mr. Yeni started teaching at

    Bosphorous University again in September 2008.

    Upon the completion of the apprenticeship period, Mr. Yeni enrolled at İstanbul Bar, as an attorney in February 1982.

    Mr. Yeni also enrolled as Certified Public Accountant (SMMM) at İstanbul Chamber of Certified Public Accountants; and is also a member of Association of Risk Managers.

Education

The universities and colleges, dates attended and degrees obtained are as folows:

    University / College Dates attended Degree obtained Date of degree

    İstanbul American Robert Sept. 1972 May 1976 Lycee diploma May 1976 College

    Law Faculty, İstanbul University Sept. 1976 Sept. 1980 Bachelor’s degree in Law Sept. 1980

    Faculty of Business Adm., Sept. 1981 Sept. 1984 Masters’ degree in accounting Feb. 1984 İstanbul University

    School of Accounting, Sept. 1985 Sept. 1986 Non-degree status (*) The Ohio State University

    Faculty of Business, Sept. 1990 Apr. 1995 Doctor of Business Adm. Apr. 1995 İstanbul Technical University Major: Accounting

     (*) Fulbright scholarship for one year to attend graduate courses of economics and business at an

    American University.

    Articles and Thesis Prepared and / or Published:

    ? “The Transfer Pricing in Responsibility Accounting”, February 1984, unpublished master thesis.

    ? The translation of International Accounting Standards No: 12 16 from English to Turkish,

    published in the February 1984 and the following issues of: Muhasebe Enstitüsü Dergisi, İ.Ü.

    İşletme Fakültesi (Journal of Institute of Accountancy).

    ? Inflation accounting under International Accounting Standard 29, unpublished dissertation thesis,

    April 1995.

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Experience Record:

The positions held by Mr. Yeni are summarised as follows;

    Company Location Position Dates

    Ha-zet Textile Corp. İstanbul Accountant July 1976 June. 1977

    N. Demirel Law Bureu İstanbul Attorney Oct. 1980 Feb. 1982

    Faculty of Business İstanbul Research and Teaching Mar. 1982 Sept. 1986 Administration, İstanbul University Assistant

    KPMG Cevdet Suner Denetim ve İstanbul Audit Assistant Oct. 1986 Sept. 1988 Yeminli Mali Müşavirlik A.Ş. Audit Senior Oct. 1988 Sept. 1990

    Audit Manager Oct. 1990 Oct. 1995

    Audit Partner Oct. 1995 Oct. 2000

    İstanbul University İstanbul Instructor in accounting and Feb. 2000 May 2000 Faculty of Political Sciences, auditing

    Department of Business

    Boğaziçi University İstanbul Instructor in accounting and Oct. 1995 May 2002 Faculty of Economics and auditing

    Administrative Sciences;

    Management Department

    Akbank T.A.Ş. İstanbul Assistant General Manager Feb. 2001 Nov. 2007

    as Chief Financial Officer

    (CFO) and Chief Risk

    Officer (CRO)

    Financial subsidiaries of Akbank;

    Ak Yatırım ve Menkul Değ.A.Ş. İstanbul BOD member July 2007- Nov. 2007 Ak Portföy Yönetimi A.Ş. İstanbul BOD member July 2007- Nov. 2007 Ak. Yatırım Ortaklığı A.Ş. İstanbul BOD member July 2007- Nov. 2007 Ak Finansal Kiralama A.Ş. İstanbul BOD member March2003 Nov. 2007 Akbank NV Netherlands BOD member Sept. 2007- Nov. 2007 Akbank AG Germany BOD member July 2007- Nov. 2007

    Boğaziçi University İstanbul Instructor in accounting, Sept.2008- Continuing Faculty of Economics and auditing and risk

    Administrative Sciences,

    Management Department

Responsibilities and projects/systems developed at Akbank:

The position held by Mr Yeni as Assistant General Manager as Chief Financial Officer (CFO)

    and Chief Risk Officer (CRO) at Akbank T.A.Ş. included, but not limited to the following tasks:

    ? Accounting,

    ? Financial reporting,

    ? Financial control,

    ? Mergers, acquisitions, IPOs

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? Relationship management with legal authorities (i.e.Banking authority and stock exchange adm.)

    ? Tax planning,

    ? Budgeting,

    ? Management reporting,

    ? Market risk, operational risk and credit risk management and; risk reporting,

    ? Preparing the Bank for Basel II full compliance.

    As an concequence of these tasks, Mr. Yeni has developed many new projects / systems, which are specific and first samples of their kind, at Akbank T.A.Ş. Some examples to these projects

    / systems are as follows:

    ? Development of a very comprehensive Management reporting system” which provides all

    financial and non-financial information to the Bank management on daily, weekly and

    monthly intervals and on the basis of main business segments, units, branches, products

    and customers.

    ? Development of a extensive “Profitability system” measuring and reporting profitability by

    business units, segments, branches, customer relationship managers, products and

    customers.

    ? A very compherensive credit rating risk management and measurement systems on an

    advanced Internal Rating Basis (IRB) on the basis of Basel II, which is the first such

    system applied in Turkey.

As part of his responsibilities at the Bank; Mr. Yeni provided very significant services with respect

    to the subsidiaries of Akbank TAŞ, its growth strategy and potential M&A discussions with the

    third parties. In this content, he played a key role in the recent negotiations with CitiBank which

    resulted 20% strategic partnership of CitiBank at Akbank TAŞ.

    Additionally and as a consequence of holding BOD (Board of Directors) membership in all the financial subsidiaries of Akbank T:A.Ş.; covering a wide range of financial services and including Ak Yatırım A.Ş. (Securities/ proprietary trading company); Ak Finansal Kiralama A.Ş.(Leasing company); Ak Portföy A.Ş. (Portfolio management company ); Ak Yatırım Ortaklığı A.Ş. (Private Investment Firm); Akbank NV (Banking subsidiary in Netherlands) and ; Akbank AG (Banking subsidiary in Germany); Mr. Yeni has also sufficient experience in other

    segments of the financial services and their relationships, transactions and synergies with the

    bank. (Note; Mr. Yeni, even before being BOD member formally in these subsidiaries; performed similar duties for and was in similar relations with these subsidiaries as part of his position at Akbank T.A.Ş. )

In the content of these tasks; Mr. Yeni has been involved in various projects relating to growth

    strategies; M&A activities and consequently; took a very active role in the negotiation taks which

    resulted CitiBank NA’s being 20 % strategic partner in Akbank T.A.S.

    (CONTINUED ON THE NEXT PAGE)

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Audit assignments at KPMG:

    As auditor at KPMG; some of the major assignments of Mr. Yeni’s involvement include the following:

     Number of year in Client name Type of Activities the engagement

    T. Garanti Bankası, Osmanlı Audit 14 Bankası and other Group Companies Preparation of consolidated and

    inflation adjusted financial statements

    ADR issue per SEC regulations 6

    Doğuş Group Audit 2

    Preparation of consolidated and

    inflation adjusted financial statements

    Körfezbank Audit 11

    Preparation of inflation adjusted financial

    statements

    ING Bank, İstanbul branch Audit 4

    Midland Bank (Currently HSBC) Audit 4

    Akzo Nobel NV Group Companies Audit 6

    CPC Group Companies (Besan, Audit 8 Bozkurt, Çapamarka)

    Hilton International Audit 2

    (CONTINUED ON THE NEXT PAGE)

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Mergers, acquistions and IPOs at Akbank and KPMG;

Balamir Yeni has been involved in many company acquisitions, mergers and IPO transcations and;

    mostly has been in the position of coordinating and managing these projects thus; has a very

    extensive knowledge and experience in the procedural details of such transactions at the offical

    authorities.

Some examples to these transactions where Balamir Yeni has been involved in managing and

    coordinating role are as follows;

    Transactions at Akbank Year

    The selling of all the interest in BNP-Ak-Dresdner Bank, (a “joint venture” 2004 and 2005 of three international banks) to Akbank and; liquidation of this bank

    through mergeing it into Akbank.

    The valuation of founders shares of Akbank and; liquidation of these 2005 shares through purchasing back them by Akbank.

    The change in the legal status of Akbank’s Frankfurt branch into a seperate 2005 and 2006 bank and; selling this bank to another banking subsidiary in Netherlands.

    The selling of 20% of Akbank’s shares to CitiGroup 2006 and 2007

    The liquidation of Sabancıbank Plc, subsidiary in UK. 2007

    Several securitisation and syndication loans at London and New York 2001-2007

Transactions at KPMG

    The selling of Garanti Bank’s shares in the form of ADRs in the USA (The 1992 first such transaction by a Turkish bank).

    . Issuance of Garanti Leasing bonds at the Istanbul Stock Exchange. 1990-1992

    The acquisition of Sheraton Voyager (Antalya) by the Dogus Group. 1994

    The acquisition of Ottoman Bank by Garanti Bank from the French 1996 Paribas Group.

    The acquisition of Bozkurt Helva ve Reçel AŞ. and ÇapaMarka AŞ. by 1994 and 1998 American (CPC) Group.

    The selling and securitisation of a part of customer receivables of Garanti 1998 Leasing to international investors.

    Securitisation and syndication transactions by several Turkish banks at 1990-2000 New York and London.

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    The training courses, seminars and panels in the fields of banking, audit and accounting

Balamir Yeni has participated numerous training courses, seminars and panels in the fields of

    banking, audit and accounting and; thus, updated himself continuously.

Hobies;

History, philosophy, journalism, football

Languages:

Excellent in speaking, reading and writing in Turkish and English.

     18 September 2008 Signature Date

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