Prof. Jacob A. Frenkel Assumes Chairmanship of Tel Aviv University's Board of Governors

Prof. Jacob A. Frenkel, Chairman of JPMorgan Chase International and Chairman of the Board of Trustees of the Group of Thirty (G-30), the private, nonprofit Consultative Group on International Economic and Monetary Affairs, has been elected Chairman of Tel Aviv University's Board of Governors, effective January 1, 2013.

“I am delighted to accept this prestigious position and would like to express thanks and appreciation to the Board of Governors for giving me the opportunity to serve this fine University, " Prof. Frenkel said. "I am looking forward to meeting the challenges ahead.”

Having served two terms as the Governor of the Bank of Israel, Prof. Frenkel is credited with reducing inflation in Israel and achieving price stability, liberalizing Israel’s financial markets, removing foreign exchange controls, and integrating the Israeli economy into the global financial system. Previously he was the Economic Counsellor and Director of Research at the International Monetary Fund (IMF).

Prof. Frenkel is a member of the world’s leading economic research and advisory bodies, and has received many decorations, honorary degrees and awards including the Czech Karel Englis Prize in Economics, the (Gran Cruz) Order de Mayo al Merito decoration from the Government of Argentina, the (Cavaliere di Gran Croce) Order of Merit decoration from the Republic of Italy and the YIVO Lifetime Achievement Award.

A laureate of the 2002 Israel Prize in Economics and recipient of TAU's Hugo Ramniceanu Prize for Economics, Prof. Frenkel has served on the faculty of TAU's Eitan Berglas School of Economics as the Gerald and Vera Weisfeld Professor of the Economics of Peace and International Relations. He was also on the faculty of the University of Chicago as the David Rockefeller Professor of International Economics.

In welcoming the appointment, the TAU President, Prof. Joseph Klafter, expressed his firm belief that Prof. Frenkel, who is recognized for his outstanding achievements in the national and international arena, will "greatly contribute to the further development of the University."