Umut is primarily responsible for originating and executing Resolute's business development operations in Turkey and the Turkic markets.
Umut was formerly Director of Investments and a member of the Investment Committee for 6 years at Turkey's leading steel producer, Erdemir Group, Europe's third largest steel manufacturer. Prior to joining Erdemir Group, he worked as CFO at EBRD and Karadeniz Holding for a further 6 years, both in Turkey and abroad, mainly restructuring loans to maximise the principal payment capability as well as distressed restructuring. Umut started his career in investment banking and comes with over 22 years' financial experience across a number of industries including steelmaking, foundry, construction, construction materials, shipbuilding, kraft sack manufacturing, textile producing and investment banking.
He holds an Economics Degree from Istanbul University and a Master of Business Administration from Yeditepe University, Turkey. Besides, he attended the business administration and management training at Sabanci University, Turkey and The IEDC-Bled School of Management, Slovenia.