Yair Avidan will be appointed to the Supervisor of Banks

The Governor of the Bank of Israel, Prof. Amir Yaron, announced his decision to appoint Yair Avidan as Supervisor of Banks. Avidan will take office on April 16, with the termination of outgoing supervisor Dr. Hedva Barr.
Avidan has served in a wide range of positions in the banking system for over 30 years. He began his career as an economist and business banker at Bank Leumi and then as a credit officer at Bank Leumi New York, and as a senior transaction manager in Capital Markets. He then held a wide variety of positions in the Discount Group.
He served as Personal Assistant to the Chairman of the Bank's Board of Directors, as Director of the Overseas Branch, as Deputy Head of the Business Division, and for six years served as VP and Chief Risk Officer of the Bank. He subsequently served as Senior Vice President and Director of the Subsidiary Division, Served as Chairman of Mercantile Discount Bank and Director of Discount Group, Cal, and IDBNY. In March 2019, he retired from management and began serving in a number of Director positions in the Discount Group, Midroog and Sheva.
Avidan earned his academic education at Tel Aviv University, where he completed his bachelor's degree in economics and statistics (cum laude), his masters in business administration and his masters in education and leadership in education (cum laude). In addition, Avidan is a graduate of the Harvard Business School Advanced Management course.
Governor of the Bank of Israel, Prof. Amir Yaron: "I congratulate Yair Avidan on his appointment to the important and challenging role of the Supervisor of Banks. Avidan takes office at a time when advanced technology is changing a large part of the rules of the game in the financial system. The public good requires professional and close supervision of the banking system, Both in terms of saving savings and public deposits and ensuring the stability of the banking system, and in the aspect of increasing competition and promoting innovation in the banking system in particular and in the payment system and the financial system in general. Brain Banking . I thank the outgoing Supervisor of Banks, Dr. Hedva Bar, for her great contribution to the Bank of Israel and the entire banking system during her years, to the members of the Detection Committee for their in-depth and strenuous work, and to all the candidates who took part in the process and expressed interest in this important role. "