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Bank of Israel Director General Ms. Shulamit Geri has notified Governor of the Bank of Israel Prof. Amir Yaron that that she intends to end her position at the end of September 2025 when her full 5-year term finishes. Ms. Geri consented to the Governor’s request that she stay on in her role as Director General for an additional period, until January 2026, in order to allow an optimal handover of the function at the Bank. The Governor of the Bank of Israel accepted Ms. Geri’s request to end her tenure and said he intended to establish a search committee to appoint a new Director General for the Bank.

 

Ms. Shulamit Geri took up her position as Bank of Israel Director General in September 2020 and served in the position for 5 years alongside Governor of the Bank of Israel Prof. Amir Yaron. Within the framework of her function, she was directly responsible for the management of several departments and divisions, including the Human Capital and Organizational Resources Department, the Information Technology Department, the Planning Division, Business Continuity, Compliance and Risk Management, the Bank’s accounting, the Currency Department, and the Credit Data Division at the Bank of Israel.

 

During her term in the function, Ms. Geri led the Bank’s handling of extremely significant challenges that derived from the geopolitical and global environment.

 

Among other things, the Bank’s Director General led the handling of the following issues:

  1. Ensuring the business continuity of the Bank in times of emergency: This included building the infrastructure for remote work during COVID-19 and during war, ensuring the public’s access to cash even in times of emergencies, and constructing and strengthening the Bank’s physical and technological infrastructures for working during emergencies in such manner that will enable the Bank of Israel to continue functioning during  a war as it does in routine times to carry out its important functions in promoting the economy of the State of Israel.
  2. Advancing the credit data system for small and medium sized companies’ project: The Bank’s Director General led the promotion of the credit data system project. Establishing the database is expected to allow an increase in competition for small and medium sized businesses and to contribute to market prosperity and growth.
  3. Promoting the Bank’s physical infrastructures: The Bank’s Director General consolidated the Bank of Israel’s master plan for the coming decade in terms of planning the physical infrastructures of the Bank of Israel at its facilities in Jerusalem and in Tel Aviv. These are intended to create a suitable platform for the Bank of Israel’s human capital and, looking forward, appropriate solutions for placing the employees who will be hired by the Bank, and its operational efficiency.
  4. Promoting the Bank of Israel’s human capital: The Bank’s Director General worked extensively to promote and nurture the Bank of Israel’s human capital. This is from the aspect of improving and enhancing the location and recruitment procedures for new employees, and from the aspect of retaining existing employees through creating opportunities and developing horizons for mobility and promotion at the Bank.
  5. Promoting the Bank of Israel’s strategy: During the years of her term, Director General Geri worked to promote the strategy of the Bank of Israel as delineated by the Governor of the Bank of Israel Professor Amir Yaron, and she was appointed to the narrow management team that led the building of the Bank’s strategy for 2025. Within the framework of her position, Ms. Geri worked to integrate the Bank’s strategic goals into work plans and to give them appropriate expression in budget prioritization.

Bank of Israel Director General Ms. Shulamit Geri said, “I thank the Governor of the Bank of Israel, Prof. Amir Yaron, for the opportunity to lead the Bank of Israel with him during stormy and challenging times. I would like to thank the Governor for the close cooperation, which is a requirement for successfully dealing with the considerable challenges faced by the Bank of Israel. The Bank of Israel is the leading economic institution in the Israeli environment and I am confident and sure that it will continue to serve as a beacon of light to the Israeli economy in the coming years as well.”

Governor of the Bank of Israel Prof. Amir Yaron said, “Shulamit joined the Bank of Israel in 2020. She brought with her rich and varied management experience, from numerous and complex organizations. Ms. Geri worked alongside me to lead the Bank of Israel in a stormy and complex period. Shulamit’s talents, experience, and knowledge helped me greatly in navigating the Bank of Israel during those years and in dealing with the various challenges it faced. The collaboration between us and Shulamit’s dedication to the Bank of Israel and its success were an essential component for productive and high-quality management of the Bank. I wish Shulamit continued great success in all her future endeavors.”