Kaan Tokat was born in Ankara in 1968. Following his graduation from Ankara University, Political Sciences Faculty he started his career at Türkiye İş Bankası (Isbank) as an assistant internal auditor.

He received his MBA degree on Banking Management from University of Exeter in 1995, where he studied as a Chevening scholar. Mr. Tokat undertook managerial roles at the Capitals Markets Department of Isbank until 2006. Between 2006 and 2011 he served as Isbank London Branch Manager. During his tenure at Isbank, he also sat on the boards of İş Investment and Maxis Investments Ltd.

After him becoming EVP at Is Asset Management Inc, Mr.Tokat was appointed as Isbank Country Manager for TRNC in November 2013 and held this position until June 2020. In August 2020, he was selected to become a board member for Near East Bank Ltd.