Vedat Akgiray is currently a Professor of Finance at Bogazici University in Istanbul, Turkey. He is also the Director of the Center for Research in Financial Regulation and Corporate Governance (CCG) at the same university.
He is a member of the Advisory Board of the Millstein Center at Columbia University in New York. He received B.A. in Management from Bogazici University in 1980, M.B.A. from the School of Management in 1982, M.A. in Economics from the Maxwell School in 1985, and Ph.D. in Finance in 1985, all at Syracuse University in New York.
Between 1985 and 1990, he taught at various universities in the U.S.A. and was promoted to Associate Professor at the Clarkson Institute of Technology in 1990. He carried out several research and consulting projects for the Bank of Canada and various financial institutions in New York. During the period 1991 ‐ 2009, he served as a professor of finance at Bogazici University, where he designed and directed the doctoral program in finance from 1992 to 2009, was promoted to Professor in 2000, co‐founded the M.S. Program in Financial Engineering in 2002 and also held various administrative positions. During his academic career, he has advised more than seventy graduate students, published and presented more than one hundred academic papers.
In March 2009, he was sworn in as the Chairman of the Capital Markets Board of Turkey, where he served until December 2012. He was the leader of the team designing and writing the new Capital Markets Law, which was enacted in 2012.
Between 2010 and the end of his tenure at the CMB, he also served as the Chairman of the Emerging Markets Committee of IOSCO, vice‐Chairman of the IOSCO Board, member of the Financial Stability Board of G20, member of the Monitoring Board of the IFRS Foundation, member of the IIRC, and member of the IOSCO Expert Group on Financial Benchmarks.
In these positions, he actively participated in work streams on re‐designing the international regulatory architecture in the aftermath of the global financial crisis of 2008‐2010.
In addition to his life‐time interest in mathematical finance, his current priority in research is in financial regulation and corporate governance as an integral part of “good” regulation.
This includes building models of the relation between corporate governance and informational efficiency of financial markets, aiming to demonstrate the critical contribution of “economic‐value‐based” corporate governance to the sustainable growth of capital markets and hence to economic development globally.