Stanley Fischer, the governor of the Bank of Israel, on Monday announced the formation of appointment committees for the positions of director of the research department and director of the market operations department.

Both committees will be chaired by deputy governor Zvi Eckstein.

The committees will decide on replacements for Karnit Flug, the current director of the research department, who has been nominated for the post of deputy governor of the central bank.

The role of director of the