Bank of Israel Deputy Governor will leave her position
Bank of Israel Deputy Governor Dr. Nadine Baudot-Trajtenberg will leave her position at the end of her five-year term, at the end of February 2019.
Dr. Baudot-Trajtenberg took up the position in March 2014, after having been appointed by the government at the recommendation of the then-Governor, Dr. Karnit Flug. In accordance with the Bank of Israel Law, she served on the Bank of Israel’s Monetary Committee and on the Supervisory Council. She represented the Bank of Israel on a number of public committees, including the Committee to Examine the Policy Regarding Royalties from Natural Resources (“Sheshinski 2”), and the Committee to Increase Competition in Common Banking and Financial Services (“Strum Committee”).
Among her areas of responsibility at the Bank of Israel, Dr. Baudot-Trajtenberg oversaw the Information and Statistics Department, led the higher steering committee for the establishment of the credit data sharing system together with the Director General of the Ministry of Finance, and guided the legislative process for the Credit Data Law as well as the project establishing the Central Credit Register at the Bank of Israel. She also coordinated the Bank of Israel’s preparations for establishing the Sovereign Wealth Fund that is expected to begin operating this year, advanced the Bank of Israel’s preparedness for managing financial crises, and led an interministerial team that examined alternatives to the transaction settlement relationship between Israel and the Palestinian Authority. The team’s recommendations were approved by the Ministerial Committee on National Security, and are now being advanced. In addition, She leads an interministerial team put together by the Bank of Israel on issues relating to virtual assets.
In November and December 2018, Dr. Baudot-Trajtenberg served as acting Governor until Bank of Israel Governor Prof. Amir Yaron took up the position.
Bank of Israel Deputy Governor Dr. Nadine Baudot-Trajtenberg said, “I am nearing the end of five fascinating years as Deputy Governor, with a deep sense of satisfaction, since I was fortunate to work on a very wide variety of issues that are important to the Israeli economy. I am proud of the many achievements we have had while constantly dealing with complex professional issues, alongside the cooperation with the public and governmental spheres in Israel. I am filled with appreciation for the professionalism and dedication of all those working at the Bank of Israel, at all levels and in all departments, and no less importantly, I appreciate the personal warmth I have been given by colleagues and by employees. I am very thankful for having had the high honor of serving in a central role in the public sector, and do my part to strengthen the State of Israel’s economic and social robustness.”
Bank of Israel Governor Prof. Amir Yaron said, “Dr. Nadine Baudot-Trajtenberg’s tremendous experience in the financial sector, as well as in policy decisions, her deep understanding of economics, and her broad knowledge in many fields beyond the world of economics, are apparent in every area in which she has worked. She took upon herself the responsibility for leading the Bank when the previous governor’s term ended, and the help that she gave me personally when I took up the position was very important. I would like to thank Nadine on my behalf, on behalf of the Bank of Israel, and on behalf of the Israeli economy as a whole for her significant contribution in many areas of the Bank of Israel’s activity.”
Pursuant to the Bank of Israel Law, the deputy governor will be appointed by the government at the recommendation of the Governor.