A first: Woman takes over at TASE [pg. 17]

For the first time, the Tel Aviv Stock Exchange will see a woman at the helm of management, when Ester Levanon, executive vice president, takes up her position as managing director beginning Thursday. Levanon, who joined the exchange as manager for information technology and operations in 1986, led the electronic revolution of computerizing the exchange's trading and clearing processes. The main projects that the exchange carried out under her leadership were the transition to computerized, continual trading systems for all types of securities, the establishment of a fully computerized clearing system, and the establishment of advanced systems to manage risk in the derivatives market and at the clearing house. Before joining the Tel Aviv exchange, Levanon established and managed the computer system of the Israeli Security Agency. She holds an MSc in Mathematics and a BSc in Mathematics and Physics from the Hebrew University of Jerusalem. She also completed the formal requirements for a PhD in Operational Research at the Technion and completed the Advanced Management Program at the Harvard Business School of Cambridge. She replaces Saul Bronfeld who, after 15 years, will become chairman of the exchange, replacing Prof. Yair Orgler, who is leaving after 10 years in office.