Permission from BRSA to GSD Asset Management

BRSA granted an operating permit to GSD Asset Management, which was established in July.

The Banking Regulation and Supervision Agency granted an operating permit to GSD Asset Management, established by GSD Holding.

The activity permit decision was published in today’s Official Gazette.

The BRSA decision dated September 5, 2024, published in the Official Gazette is as follows:

“As a result of the examination of the letter dated 04.09.2024 and numbered E-12509071- 110.01.01-129109 and its annexes at the meeting of the Board dated 05.09.2024;

It has been decided to grant an operating permit to GSD Varlık Yönetim A.Ş., whose establishment was permitted by the Board’s decision dated 04.04.2024 and numbered 10891, within the framework of Article 143 of the Banking Law numbered 5411 and Article 6 of the Regulation on the Establishment and Activity Principles of Asset Management Companies and Transactions Regarding Receivables to be Transferred.

FOUNDED IN JULY

The capital of GSD Asset Management Joint Stock Company, which was established on July 5, 2024, was 100 million lira and was fully paid by GSD Holding.

The company’s board members were Cann Sümer, Hakan Yılmaz, Engin Kam and Tekstilbank’s former general manager Hatice Çim Güzelaydınlı.

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