We believe the infancy stage of the capital markets in Turkey is coming to an end. When compared to emerging capital markets in close geographical proximity to Turkey, we can see that we have come a long way toward establishing well-functioning, transparent and safe markets for domestic as well as for international investors. The Istanbul Stock Exchange, incorporating a highly technological infrastructure, is able to handle remote online trading and Custody and Settlement Bank is well-equipped to handle custody of dematerialized securities. Both of these institutions have received international acknowledgements as eligible capital market institutions from international authorities. Corporate finance activities will intensify during the restructuring process of the Turkish economy as corporations seek qualified financial advisors to help reorganize and function more efficiently. Mergers and acquisitions in the corporate world have already started moving ahead at full speed. Equity and fixed income trading volume will increase to highest levels within shortly attracting larger numbers of foreign investors compared to only a handful of foreign investors in Turkish capital markets at present. As pension funds grow in Turkey, domestic institutional investors will emerge and drive the markets. Asset management services will enhance and their customers will include many Turkish companies. We have all the means and tools to become a foremost player in the capital markets - not only in Turkey but also internationally -creating a benchmark to be followed by other investment banks and brokerage houses within the region.
We believe the infancy stage of the capital markets in Turkey is coming to an end. When compared to emerging capital markets in close geographical proximity to Turkey, we can see that we have come a long way toward establishing well-functioning, transparent and safe markets for domestic as well as for international investors. The Istanbul Stock Exchange, incorporating a highly technological infrastructure, is able to handle remote online trading and Custody and Settlement Bank is well-equipped to handle custody of dematerialized securities. Both of these institutions have received international acknowledgements as eligible capital market institutions from international authorities.
Corporate finance activities will intensify during the restructuring process of the Turkish economy as corporations seek qualified financial advisors to help reorganize and function more efficiently. Mergers and acquisitions in the corporate world have already started moving ahead at full speed.
Equity and fixed income trading volume will increase to highest levels within shortly attracting larger numbers of foreign investors compared to only a handful of foreign investors in Turkish capital markets at present. As pension funds grow in Turkey, domestic institutional investors will emerge and drive the markets. Asset management services will enhance and their customers will include many Turkish companies.
We have all the means and tools to become a foremost player in the capital markets - not only in Turkey but also internationally -creating a benchmark to be followed by other investment banks and brokerage houses within the region.
