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UI Graduate to Head Bank

Piraye Antika, chief executive of HSBC's small but profitable Turkish subsidiary, is to head the much bigger HSBC Bank that the UK-based global bank plans to establish in Turkey following its acquisition on Tuesday of Demirbank. Antika, 41, a Turkish national, who played an instrumental role in putting the deal together, said that Turkey was a "natural address for any consumer business" but that "you have to know the country to buy a bank." She started her banking career with Chase Manhattan in London in 1985 after graduating in economics from Bosporus University in Istanbul and obtaining a master's degree at the UNIVERSITY OF IOWA.

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