The Cabinet on Sunday approved Nadine Baudot-Trajtenberg as Bank of Israel Deputy Governor. Baudot-Trajtenberg's approval as at BOI Governor Karnit Flug's deputy means that as of March 2, when she officially begin her term, women will occupy the top two positions in the central bank for the first time. Flug was sworn in as the first female BOI governor in November."The Bank of Israel and the Israeli economy face numerous challenges in the years ahead, and I am confident that Nadine’s experience and talents will help us in dealing with them," Flug said. "I thank the Prime Minister and the cabinet ministers for accepting my recommendation to appoint her, and the members of the Advisory Committee on Senior Public Service Appointments who examined the eligibility of the appointment and approved it."The Canada-born Baudot-Trajtenberg earned her MA from Oxford University, her Phd from Harvard University, is an associate dean at the IDC school of Economics. She will step down from her role as a board member for several Israeli companies before beginning her term.