TURKEY, IN COMMON with many countries, is experiencing a boom in new boutique financial services companies. The difference is that in Turkey these new firms are being driven by opportunities in the markets; in the rest of the world they are often driven by the lack of employment openings at the big banks.
Being small and independent has never been an attractive proposition in Turkey, whose economy is dominated by big banks such as Akbank and Isbank and large family conglomerates (or holding companies) such as the Koc or Sabanci groups.
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