How was Emre Tezmen appointed to the MKK?

Emre Tezmen, the owner of Tera Investment, sat on the board of the MKK, one of the institutions consulted by the SPK during the preparation of its fund regulation. Tezmen began serving on the institution’s board on 3 August 2023.

NAME REMOVED

Tezmen’s name was quietly removed from the MKK’s website yesterday. How Tezmen came to sit on the board of the MKK, one of the capital markets’ critical infrastructure institutions, remains another unanswered question.

The Tera Group had previously announced that it had agreed to acquire Pusula Finance Holding. It was also announced that Tezmen, Tera’s Chair of the Board, had been appointed as a board member and chair of Pusula Finance Holding. However, the process entered a new phase following announcements that the company had been acquired without any application having been submitted to the relevant authorities.

Tera Investment announced that, as part of the proposed transfer of shares in Pusula Finance Holding, Tezmen and Erkan Kilimci had resigned from their positions on the company’s board before any registration procedure was carried out with the Trade Registry.

Liquidation procedure determined

The SPK has established the procedures and principles governing the liquidation of investment funds that have been ordered to wind up.

Under the regulation, Türkiye İş Bankası will carry out the liquidation of funds managed by Tera Portfolio. Ziraat Bankası will oversee the liquidation of funds belonging to the other six portfolio management companies.

The sums obtained by converting fund assets into cash will be transferred to investors’ reconciled accounts in proportion to the shares they hold.

Note: This article is translated from the original article titled Emre Tezmen MKK’de nasıl görevlendirildi?, published in BirGün newspaper on September 19, 2026.