Tel Aviv Stock Exchange chairman Neubach to retire on August 1 – statement
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Amnon Neubach, the new chairman of the Tel Aviv Stock Exchange (TASE), attends a press conference in Tel Aviv on May 13, 2014. Israel’s stock exchange hopes to recover from a sharp decline in wealth that has cost them jobs of two senior executives in the past year with a new plan to increase transaction volumes, newly appointed CEO Yossi Beinart said on Tuesday. REUTERS / Nir Elias (ISRAELL – Tags: BUSINESS)
TEL AVIV, June 29 (Reuters) – Tel Aviv Stock Exchange (TASE) chairman Amnon Neubach will retire on August 1 to examine new opportunities that could conflict with his current role, the exchange said on Tuesday. .
Neubach has chaired TASE’s board of directors since 2014.
“I have recently received requests from several companies to take an active role in their operations, which could potentially create a conflict of interest,” Neubach said in a letter to the board of directors, according to a stock exchange statement. .
“These companies operate in the financial technology field, which I personally find fascinating.”
TASE’s board of directors will meet in the coming days to discuss Neubach’s decision and begin a recruitment process for a new president, the statement said.
Reporting by Steven Scheer Writing by Rami Ayyub; Editing by Richard Chang
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