Turkish fund gets chairman

The European Investment Fund (EIF), advisor to Istanbul Venture Capital Initiative (iVCi), a dedicated €200m fund-of-funds and co-investment programme for Turkey has named Akin Ongor as chairman of the iVCi Strategic Network.

The role of the network is to disseminate information about venture capital among the business community in Turkey, and to assist in the sharing of general business ideas and developments.

Ongor used to play for the Turkish national team. He worked at Pamuk Bank for four years before joining Garanti in 1986, where he spent the following 17 years, nine of them as CEO, during which time, Garanti was the fastest growing of Turkey’s four major private banks.