SPK Chairman Mahmut Sütçü resigns citing health problems

Capital Markets Board (SPK) Chairman Mahmut Sütçü has submitted his resignation, citing health problems. Attention has now turned to the new appointment for the SPK chairmanship.

On the same day, Deputy Treasury and Finance Minister Osman Çelik was also reported to have submitted a retirement petition to Minister Mehmet Şimşek, effective immediately.

Who is Sütçü?

Born in 1968 in the Bafra district of Samsun, Sütçü graduated from the Department of Public Finance at Ankara University's Faculty of Political Sciences in 1990. He began his public service as an assistant auditor, then worked as an auditor and chief auditor. He served as head of tax offices in Antalya and Ankara, and was appointed Deputy Head of the Revenue Administration in 2016.

Serving as SPK Second Chairman since November 2024, Sütçü was named head of the board on 9 May 2026 by a decision of President Recep Tayyip Erdoğan.

Investment funds on the agenda

The resignation coincides with SPK's liquidation process for 131 investment funds founded by 7 portfolio management companies. The board decided to liquidate the funds in its decisions dated 17 September 2026.