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16.05.2011
 
The Governor of the Bank of Israel announces the formation of appointment committees for the positions of Director of the Research Department and Director of the Market Operations Department
Both committees will be chaired by Deputy Governor Prof. Zvi Eckstein.
 
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The Governor of the Bank of Israel, Prof. Stanley Fischer, announced the formation of an appointments committee for the role of Director of the Bank's Research Department, to replace Dr. Karnit Flug, the nominee for the post of Deputy Governor of the Bank of Israel. The Governor also announced the formation of an appointments committee for the post of Director of the Market Operations Department, to replace Barry Topf, who was named Senior Advisor to the Governor on monetary policy issues, and was named to the Monetary Committee.
Deputy Governor Prof. Zvi Eckstein will chair the appointments committee for the Director of the Research Department. Other members of the committee are Supervisor of Banks David Zaken and Prof. Manuel Trachtenberg, the Chairman of the Planning and Budgeting Committee of the Council for Higher Education.
Deputy Governor Prof. Zvi Eckstein will also chair the appointments committee for the Director of the Market Operations Department. The other members of the committee are the Head of the Monetary and Finance Division, Dr. Edward Offenbacher, and Ms. Esther Dominissini, the Director General of the National Insurance Institute.
The Governor thanked the members of the committee for their willingness to take part in the proceedings for choosing the new directors of the departments.
In line with existing procedure at the Bank of Israel for appointing department directors, the Governor has the authority to appoint department directors for sensitive positions that demand a special level of trust and coordination with the Governor, through an appointments committee. Under this proceeding, the Governor will establish the requirements and qualifications for each of the positions in consultation with the relevant appointments committee. The Governor will find candidates for the required roles, from among the Bank's employees as well as external candidates, and forward those that he finds qualified to the appointments committee for its opinion.