Elden rejoins AIG to lead Turkey effort

Serkan Elden has returned to AIG Investments to spearhead its investment activities in Turkey, having left the firm after a six-year spell in 2004.

AIG Investments, the global asset manager, has appointed Serkan Elden as managing director of AIG Capital Partners, its emerging markets private equity investment arm, and chief executive of AIG Blue Voyage Advisors, which oversees the firm’s investment activities in Turkey, 

The role will likely hold few surprises for Elden, who will be based in Istanbul. From 1998 to 2004, he managed and led private equity investments from the Turkey-focused AIG Blue Voyage Fund out of AIG’s Almaty, Baku and Istanbul offices.

Elden left AIG to join Fintur Holdings, a provider of mobile telecom services in Azerbaijan, Kazakhstan, Georgia and Moldova. He was originally a senior investment adviser to the firm’s management, becoming CEO in January this year.  

Prior to his first stint at AIG, Elden led 3 Seas Capital Partners, an Istanbul-based investment advisory boutique which became a member of International M&A Partners, and was a senior manager at the Central Asian-American Enterprise Fund, a US government-sponsored investment fund.