Tel Aviv Bourse Taps Outsider Beinart as CEO After Trading Sinks
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The Tel Aviv Stock Exchange turned to an outsider to lead its effort to curb a plunge in trading volume, tapping Yossi Beinart as chief executive officer after a three-month search.
Beinart, currently the CEO of IG Group Holdings Plc’s Nadex market, will replace Ester Levanon, who resigned after seven years as head of the exchange. While Beinart studied computer science at the Hebrew University in Jerusalem, he has spent more than 20 years working at U.S.-based companies from brokerage Investment Technology Group Inc. to ShieldIP Inc., a provider of flexible Digital Rights Protection solutions, according to a resume posted on Chicago-based Nadex’s website.