http://www.bloomberg.com/news/2013-10-20/twice-snubbed-flug-nominated-as-bank-of-israel-governor.html
Acting Bank of Israel Governor Karnit Flug, passed over twice for the central bank’s top job, was nominated for the post today in an effort to wrap up a bungled selection process that’s left the institution without a permanent chief since June.
Prime Minister Benjamin Netanyahu named Flug three months after two other nominees withdrew during the vetting process, and nine months after former Governor Stanley Fischer, who deemed her a worthy successor and handpicked her as his deputy, announced he would leave June 30.
“We were impressed with Dr. Flug’s performance as head of the Bank of Israel in the past few months, and we are sure she will continue to help us lead the Israeli economy to new achievements amid the global economic turmoil,” Netanyahu and Lapid said in a joint e-mailed statement.
The yield on the 4.25 percent benchmark bond fell 3 basis points to 3.62 percent, the lowest on a closing basis since May 28, at 1:37 p.m. in Tel Aviv after the announcement. Israel’s benchmark TA-25 (TA-25) stock index was up 0.4 percent to 1,302.28 at 1:30 p.m. in Tel Aviv.
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