• Murat Uysal was in charge of treasury at state bank since 2011
  • Governor Murat Cetinkaya is also a former Halkbank executive

Turkey named Murat Uysal, a deputy general manager at the country’s biggest listed state lender, Halkbank, as a central bank deputy governor, according to an official decree published on Thursday.

Uysal was in charge of the treasury at Halkbank from 2011, and previously served a manager and a specialist at the bank’s foreign exchange, money market and securities departments for four years, according to his profile on the bank’s website. The central bank now has two former Halkbank executives on its monetary policy committee -- the other is Governor Murat Cetinkaya.

The committee, which has been under government pressure to boost growth with lower interest rates, is undergoing a reshuffle with the terms of five of six members expiring this year. Cetinkaya replaced former Governor Erdem Basci, while Erkan Kilimci took Turalay Kenc’s position as a deputy governor.

It’s not yet clear who Uysal is replacing, as the terms of two other deputy governors -- Mehmet Yorukoglu and Necati Sahin -- both expire this month. Ahmet Faruk Aysan, a member of both the central bank’s board and monetary policy committee, was re-elected for another three-year term in April.

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