Turkey's SWF seeing strong global interest
25 Feb 2017 - 0:16
Istanbul: There is serious global interest in Turkey's newly founded sovereign wealth fund, particularly from investment banks, and it plans to sign a memorandum of understanding with three other sovereign funds, its head told Reuters.
In his first interview with international media since being named to lead the fund, Mehmet Bostan (pictured) said he planned to finalise the fund's strategy plan and present it to the cabinet soon, focusing on boosting growth and expanding capital markets. "We see serious interest from the world's financial centres, like New York and London. Investment banks in particular knock on the door a lot," he said.
"We are in pursuit of business models that will contribute to Turkey's interest. There are many requests, but we want to be selective."