Tel Aviv Stock Exchange Names New Chairman

Amnon Neubach, whose career includes posts at the Finance Ministry and as chairman of a host of publicly traded companies, was named Thursday as chairman of the Tel Aviv Stock Exchange.

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With his appointment the two top spots at the TASE have been filled, after Sam Bronfeld stepped down as chairman and Ester Levanon as CEO in an acrimonious dispute with the chairman of the Israel Securities Authority, Shmuel Hauser. In November, the TASE named Yossi Beinart, CEO of Chicago-based North American Derivatives Exchange, as CEO.

“Mr. Neubach brings rich and diverse experience in business management to the position. He possesses a broad macroeconomic outlook and is experienced in implementing significant changes in complex organizations,” said Bracha Litvak, chairwoman of the search committee.

Neubach has been on the boards and served as chairman of several companies, including Direct Insurance, LeumiCard, Delta Galil, Bezeq and Pelephone. He served as Israel’s economic attaché in Washington for five years, economic adviser to Shimon Peres when he was prime minister and deputy budget director at the treasury.