Bank Association CEO Eitan Madmon Resigns
Eitan Madmon has announced the end of his eight-year tenure, following a failed removal attempt that prompted an investigation by the Competition Authority.
Bank Association CEO Eitan Madmon has announced his resignation after eight years in the role, as reported by Globes and Calcalist. The departure comes just months after an attempted removal that triggered suspicions of prohibited coordination between bank chairmen, prompting an intervention by the Israel Competition Authority. Reflecting on his tenure, Madmon highlighted the association's struggles against the Finance Ministry regarding the taxation of banks' excess profits and the navigation of regulatory pressures. Further details regarding his successor have not yet been released.