Hamdi Uğur smiling, in a sweater over a checked shirt; black-and-white studio portrait

Reading behind the numbers

I began my career in 2003 in external audit at Deloitte, then joined the Transaction Services team at Ernst & Young, where I worked on financial due diligence for acquisitions. Those Big Four years taught me to read the story behind a company’s numbers.

Investment banking

In 2006 I moved into investment banking. Over seven years at QNB Finansinvest I worked on mergers and acquisitions, privatisations, public offerings and debt issues, advising and preparing valuations across sectors from aviation and shipping to petrochemicals and fuel distribution.

From 2014 to 2016 I was Director of Corporate Finance at Ata Yatırım, responsible for originating and executing new mandates.

On the investor side

In 2016 I crossed to the investor side, co-founding Mora Capital to invest in promising start-ups and SMEs. As Board Member and CFO I ran the investment process and worked on the growth of portfolio companies, sitting on the boards of the renewable energy, asset management, logistics, technology and insurance companies we invested in. Mora Capital has completed its investment period; I remain on its board.

Between 2017 and 2019 I was General Manager and Board Member of Feronia Girişim Sermayesi Portföy Yönetimi. The company’s first fund, Troya Yenilenebilir Enerji GSYF, was established in August 2017 as Turkey’s first renewable-energy-focused venture capital investment fund, and through it I led the acquisition of a 51% stake in the 24 MW Beştepeler Enerji geothermal power plant. After the acquisition I served as CFO and Board Member of Beştepeler Enerji until 2021, leading the company’s reorganisation.

Advisory and boards

Since 2021 I have been Managing Partner at Fideas, advising institutions, start-ups and SMEs on strategy, financing, valuation and M&A. I work with the founding teams of technology companies on business models, investment readiness and international growth, stepping in as interim CFO or head of strategy when needed.

I also serve on the boards of Mundi Portföy Yönetimi and SDS Prestij Sigorta ve Reasürans Brokerliği, and I am an angel investor in a number of technology start-ups.

Sport and young people

My connection to sport goes back to childhood; I played basketball until I went to university. In 2021 I turned that athlete’s identity, combined with what I had learned in business, into work: I am one of the co-founders of Max Potential, Turkey’s first athlete incubator.

Max Potential was set up so that young people with athletic talent but without financial or professional support can succeed on the international stage. We support high-potential young athletes not only technically but also in their mental, financial and social development. For the financial side I created Paranın İlk Adımları, a financial literacy programme that I teach to Max Potential athletes and to other young people who ask for it.

Artificial intelligence

In recent years artificial intelligence has become the field I am most curious about. Rather than watching these tools from a distance, I prefer to learn by using them: I build prototypes around questions from my own fields and share what worked and what did not in the AI Lab.

Timeline

Selected milestones from my career.

  1. 2025–Present

    Mundi Portföy Yönetimi A.Ş.

    Board Member

    Asset management company.

  2. 2021–Present

    Fideas

    Managing Partner

    Strategy, financing, valuation and M&A advisory for institutions, start-ups and SMEs, including work with technology founders on business models, investment readiness and international growth.

  3. 2021–Present

    Max Potential

    Co-Founder

    Turkey’s first athlete incubator. It invests in the technical, mental, financial and social development of high-potential young athletes, currently working with athletes in volleyball, basketball, tennis and taekwondo.

  4. 2019–Present

    SDS Prestij Sigorta ve Reasürans Brokerliği A.Ş.

    Board Member

    Insurance and reinsurance brokerage; a Mora Capital portfolio company.

  5. 2016–Present

    Mora Capital

    Board Member and CFO

    A venture capital vehicle I co-founded in 2016. It invested in Turkish SMEs as an equity partner, supported them financially and managerially, and has completed its investment period.

  6. 2022

    Millennials Digital Inc.

    Strategy & Business Development Consultant (contract)

    Designed new business structures around Web3 and intellectual-property assets such as athlete contracts for a Los Angeles-based, blockchain-powered investment and asset management company.

  7. 2017–2021

    Beştepeler Enerji

    CFO and Board Member

    Led the post-acquisition reorganisation of a 24 MW geothermal power plant in Söke, overseeing finance, accounting, procurement, HR and IT.

  8. 2017–2019

    Feronia Portföy

    General Manager and Board Member

    A portfolio management company regulated by the Capital Markets Board of Turkey (formerly Troya Portföy), investing in renewable energy, infrastructure and real estate through venture capital investment funds (GSYF). Its first fund, Troya Yenilenebilir Enerji GSYF, was established in August 2017 as Turkey’s first renewable-energy-focused venture capital investment fund.

  9. 2014–2016

    Ata Yatırım

    Director, Corporate Finance

    M&A, project finance, corporate bond, sukuk and equity offerings; originating and executing new mandates.

  10. 2006–2013

    QNB Finansinvest

    Vice President

    Buy- and sell-side advisory on M&A, project finance, privatisations and IPOs; corporate bond and asset-backed securities issues; valuation reports.

  11. 2005–2006

    Ernst & Young

    Senior Associate, Transaction Services

    Buy- and sell-side financial due diligence for manufacturing and services companies.

  12. 2003–2005

    Deloitte

    Senior Auditor

    External and SOX audits for manufacturing, financial and services companies; IFRS and Capital Markets Board reporting.

Education and licences

  • 1998–2003

    Koç Üniversitesi

    BA, Business Administration

    Full scholarship for the final two years · Vehbi Koç Scholar (Fall 1999) · Dean’s Honor Roll (Fall 2002, Spring 2003)

  • 1991–1998

    Tarsus Amerikan Koleji

    High school

Licences issued under the Capital Markets Board of Turkey (SPK)

  • Capital Markets Activities Level 3 Licence (Advanced Level)
  • Derivative Instruments Licence
  • Credit Rating Licence
  • Corporate Governance Rating Licence

Off the court

Basketball

Until my university years I played basketball in the youth programmes of Tarsus American College and Çukurova Sanayi Kulübü. In 1995 our TAC middle-school team played in the national finals and finished third in Turkey. That result, achieved by a school team without an indoor court of its own, helped lead to the indoor sports hall the campus uses today.

Art and collecting

I have a particular interest in contemporary art and in 20th-century Turkish artists. My wife Melis and I have built a small collection in this field. I also have a large collection of old Turkish and foreign banknotes and coins, which I started as a child and have kept growing ever since.