The appointment of Dr Karnit Flug adds to the remarkable number of women at the pinnacle of Israel’s banking system.
Last week, Lilach Asher-Topilsky was appointed Israel Discount Bank CEO.
This means that, along with Bank Leumi CEO Rakefet Russak-Aminoach and First International Bank CEO Smadar Barber-Tsadik, three of Israel’s top five banks are headed by women, while Bank Hapoalim’s controlling shareholder is Shari Arison.
Even so, women have a long way to go to achieve corporate equality in Israel.