Turkish President Recep Tayyip Erdogan has appointed Mohsin Etchi as the new chairman of the country's Capital Market Council (SPK), Reuters reports. In this position he replaced Mahmut Sotka, who was fired on October 20. Prior to his appointment, Etchi chaired the Turkish Tax Audit Council; In the same decree, Arsin Beshar Akmakachi was appointed deputy head of the financial regulator, and Vasmin Girichi was appointed a member of the board of directors.