Professor Erol holds a PhD degree in Economics from Tinbergen Institute/Erasmus University, the Netherlands. His core interest is international finance and capital markets. He was awarded the best Turkish economy research in 2003 for the work on exchange rate exposure. He served as board member and chairman of the Capital Markets Board of Turkey between 2003-2009 and as chief adviser to the Prime Ministers between 2009-2018.

He has actively involved in corporate sector since 2010 as board member and consultant at leading Turkish companies like THY and its affiliates, Aselsan and Ostim Investment. He is also active in specific capital markets industry operations such as venture capital funds and public offerings. He has a broad specialization from corporate management to financial markets and economic and industrial policy. He has a diverse working experience at government, companies and academia. He also participated numerous international conferences, workshops and specialized committees of international organizations.