Erdogan Settles On Ex-First Republic Exec For Central Bank Job

Recep Tayyip Erdogan has a new central bank chief. If nothing else, Hafize Gaye Erkan knows when to quit, an underrated quality that Erdogan lacks when it comes to doubling down on perilous policies. Erkan was a top executive at First Republic. She left a year and half before the bank was forced into the arms of Jamie Dimon. Erkan replaced the deliberately hapless Sahap Kavcioglu as part of Erdogan's efforts to restore market confidence following last month's election victory. So far, things a