Karnit Flug will replace Zvi Eckstein who will return to academe in July.
Governor of the Bank of Israel Prof. Stanley Fischer today announced that he will recommend to the cabinet to appoint Bank of Israel Research Department director Dr. Karnit Flug as deputy governor. She will replace Zvi Eckstein who will return to academe in July after five years in the post.
Under the new Bank of Israel Law, Flug will serve as a member of the monetary committee and administrative council, which will be set up in a few months.
Flug has worked at the Bank of Israel for 23 years, including 10 as head of the Research Department. She joined the Bank of Israel as an economist at the Research Department in 1988, after working for five years at the IMF.
Fischer has also appointed Bank of Israel Market Operations Department director. Barry Topf as a senior advisor to the governor for monetary affairs and member of the monetary committee. Topf will continue to serve in his present post. As a senior advisor to the governor, he will help formulate decisions and responses to the challenges facing current management of monetary policy.
Published by Globes [online], Israel business news - www.globes-online.com - on April 3, 2011
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