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TEL AVIV (Reuters) – Tel Aviv Stock Exchange (TASE) chairman Amnon Neubach will retire on Aug. 1 to consider new opportunities that could conflict with his current position, the exchange said Tuesday.
Neubach has been Chairman of the Board of Directors of TASE since 2014.
I 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.
Those companies operate in the field of financial technology, which I personally find fascinating.
The board of TASEs will meet in the next several days to discuss Neubach’s decision and begin a hiring process for a new chairman, the statement said.
Reporting by Steven Scheer; Written by Rami Ayyub; Editing by Richard Chang
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