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Corporate information 02 Aug 2024

Mahmut Akten, appointed CEO of Garanti BBVA

Mahmut Akten, currently the Head of Corporate, Investment Banking and Global Markets at Garanti BBVA, will become CEO of the bank and Country Manager of BBVA in Turkey, replacing Recep Baştuğ, who is stepping down following an extensive career of more than three decades with the organization. The appointment will be effective following the completion of the regulatory approvals.

Mahmut Akten Garanti BBVA

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BBVA reorganizes its global Client Solutions area by segments: Commercial and Retail

In order to take the service and customer experience to the next level, BBVA creates two specialized global areas for each customer segment: Commercial Client Solutions, which will be led by Jaime Sáenz de Tejada; and Retail Client Solutions, with David Puente at the helm. Additionally, the bank is creating a global unit at the highest level of the organization, Digital Banks, which will be headed by Murat Kalkan. All of these units will report directly to Onur Genç, CEO of BBVA. The bank also announces other changes at the first executive level of the Group.

Mahmut Akten began his career in 1999 at Holcim, a global construction materials company. In 2006, he moved to McKinsey & Co., working first in Boston and later in Istanbul. In 2012, he joined Garanti BBVA as Vice President for Retail Banking, and in 2022, he was appointed Executive Vice President in charge of Corporate, Investment Banking and Global Markets.

The new BBVA country manager in Turkey holds a B.Sc. in Electrical and Electronics Engineering from Boğaziçi University and an MBA from Carnegie Mellon University.

“Recep has successfully led Garanti BBVA in a period of significant macroeconomic and competitive challenges and we thank him for his outstanding performance,” said Onur Genç, CEO of BBVA. “Mahmut’s appointment guarantees a perfect transition and will help Garanti BBVA continue growing as one of the most profitable and admired banks in the country. We wish him every success going forward.”