UPDATE 1-Istanbul exchange names finance professor as chairman ahead of IPO

March 31, 2015 2:20 PM

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ISTANBUL, March 31 (Reuters) - Borsa Istanbul elected a U.S.-educated economist and finance professor as its next chairman on Tuesday, as Turkey's sole stock exchange gears up for a 2016 public offering.

Talat Ulussever, who was elected at the bourse's annual general meeting, takes the helm at a time when the government wants to jump-start an equity market that has punched below its weight for years.

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