The Role of the Board

The Board is responsible to shareholders for effective direction and control of the Company and to promote the long-term success of the Company, and determining the Group’s strategy, vision and culture. In order to lead the development of the strategy of the Company and the progress of financial performance, the Board is provided with timely and comprehensive information that enables it to effectively review and monitor the performance of the Company and to ensure it is in line with its objectives for achieving its strategic goals.
Governance
Prof Jacob A. Frenkel

Prof Jacob A. Frenkel

Independent Non-Executive Director and Chairman
Prof. Jacob A. Frenkel is a Non-Executive Director and Chair of the Board of Directors.

Prof. Frenkel is a renowned global economist and illustrious business leader, with significant experience developed over many years of leadership. He is currently Chair of the Cabinet of Economic Experts of the Minister of Finance of the State of Israel, Chair of the Board of Trustees of the Group of Thirty (G-30), and Chair of BrainStorm Cell Therapeutics Inc., a NASDAQ listed biotechnology company.

Prof. Frenkel served as Chairman of JPMorgan Chase International (2009-2020), Chairman and CEO of the G-30 (2001-2011), Vice Chairman of American International Group, Inc. (2004-2009) and, Chairman of Merrill Lynch International (2000-2004). He also served as Chairman of the Board of Governors of Tel Aviv University (2013-2021).

Prior to this he served two terms as the Governor of the Bank of Israel (1991-2000), as the Economic Counsellor and Director of Research at the International Monetary Fund (1987-1991) having previously been a Chaired Professor of Economics at the University of Chicago.

He is a Laureate of the Israel Prize in Economics and is a recipient of several Honorary Doctoral Degrees and other decorations and awards. He holds a range of fellowships and advisory positions. He is a Honorary Member of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Fellow of the International Economic Association, a Senior Advisor of Temasek International Advisors, a member of the Competitive Markets Advisory Council of the CME Group and a member of the G20 High Level Independent Panel on Financing of the Global Commons for Pandemic Preparedness and Response.

Prof. Frenkel holds a B.A. in economics and political science from the Hebrew University of Jerusalem, and an M.A. and Ph.D. in economics from the University of Chicago.
David Zruia

David Zruia

Group Chief Executive Officer and Director
David Zruia is the Chief Executive Officer.

David joined the Group in 2010 as a senior manager in the marketing department. In that role, David was instrumental in establishing the Group’s marketing capabilities and in building awareness of, and recognition for, the Plus500 brand in key markets around the world. He was appointed as the Group COO in 2013 and led the establishment and management of the operational division of the Group, including KYC processes, payment processing, back office, customer service and risk management.

David holds a B.Sc. in Industrial Engineering and Management from the Technion – Israel Institute of Technology.
Elad Even-Chen

Elad Even-Chen

Group Chief Financial Officer and Director
Elad Even-Chen is the Chief Financial Officer of the Group and Vice President of Business Development.

Elad joined the Group in 2011 and his responsibilities cover a broad range of finance, business, corporate and strategic functions.

Elad is also responsible for Plus500’s strategic business development projects, including targeting and executing acquisitions. He has therefore played a key role in driving the Group’s strategic and financial performance and its business expansion in recent years, into new markets and new product areas.

Elad has an extensive corporate finance, legal and regulatory background. Over the last 11 years he has held a number of positions within the Group also acting as the Company Secretary, Head of Risk and Head of IR.

Elad is a certified accountant in Israel and, prior to joining the Group, he was a senior associate at KPMG.

Elad holds a B.A. in Accounting and Economics from Tel-Aviv University, an LL.B Degree from the College of Management and an MBA (specialising in Financial Management) from Tel-Aviv University.
Anne Grim

Anne Grim

Senior Independent Non-Executive Director and External Director
Anne Grim is a Non-Executive Director, the Senior Independent Director and Chair of the Remuneration Committee.

Anne is an experienced executive turned advisor, consultant and Board Director with more than 30 years in senior financial services leadership roles at Barclays, Wells Fargo, American Express, Mastercard and most recently (and formerly) as Chief Customer Officer at Fidelity International. Her expertise is in customer experience, strategic planning and execution, technology innovation and business transformation.

Anne was an independent non-executive Board member for RateSetter (up until 31 December 2021 when RateSetter was acquired by Metro Bank PLC) and is currently an independent non-executive Board member for Insight Investment, Metro Bank PLC and Openwork Holdings Ltd.

Anne is also an Advisor to the Investment Association’s FinTech Engine and a Trustee on the UK board of Opportunity International.

Anne holds a Bachelor’s degree in Mathematics and Computer Science and a Master’s of Business Administration in Strategic Management and Finance, both from the University of Illinois.
Steve Baldwin

Steve Baldwin

Independent Non-Executive Director
Steve Baldwin is a Non-Executive Director and Chair of the Nomination and ESG Committees.

Steve is currently the Chair of TruFin Plc and is also a Non-Executive Director of The Edinburgh Investment Trust Plc. Steve has an extensive corporate finance background and held the position of Head of European Equity Capital Markets and Corporate Broking at Macquarie Capital until 2015 when he decided to pursue a non-executive career. Prior to joining Macquarie Capital, Steve was a Corporate Finance Director at JP Morgan Cazenove for ten years and previously a Vice President of Corporate Finance at UBS.

Steve qualified as a Chartered Accountant at Coopers & Lybrand after graduating with a B.A. in Zoology from St Catherine’s College, Oxford University.
Tami Gottlieb

Tami Gottlieb

Independent Non-Executive Director and External Director
Tami Gottlieb is a Non-Executive Director and Chair of the Audit Committee.

Tami has a long track record in the financial services industry in Israel and is currently an External Director at Bank Leumi Le’Israel Ltd. – one of Israel’s two largest commercial banks, where she is the Chair of the Audit and Financial Reports Committees and a member of the Remuneration and Business & Credit & Strategy Committees, having previously been on the Technology Committee and on the Risk Management Committee. Tami Gottlieb is also a Chair at Shefayim Holdings Corporation, an External Director at Extell Limited and a Director at Emilia Development. She is also a founder and Managing Director of Harvest Capital Markets Ltd, a wealth management and corporate finance boutique.

Tami holds a Bachelor’s Degree in International Relations from the Hebrew University of Jerusalem and a Master’s Degree in Economics from Indiana University.
Sigalia Heifetz

Sigalia Heifetz

Independent Non-Executive Director
Sigalia Heifetz is a Non-Executive Director and Chair of the Regulatory & Risk Committee.

Sigalia holds non-executive directorships at a number of leading Israel-based corporations across a range of sectors and industries, including Nesher Israel Cement Enterprises Ltd, Clal Biotechnology Industries Ltd, RHI Magnesita N.V, Maman Cargo Terminals and Handling Ltd, Tamar Petroleum Ltd, Mashav Initiating & Development Ltd and Vesta Investment & Management. She also previously held Non-Executive positions at Bet Shemesh Engines Ltd and Hadera Paper, prior to which she was an audit partner at accountancy firm BDO.

Sigalia holds a Bachelor’s Degree in Accounting and Economics from Tel Aviv University and an Executive MBA from INSEAD and Tsinghua University.
Prof Varda Liberman

Prof Varda Liberman

Independent Non-Executive Director
Prof. Liberman is an international renowned expert in the field of decision-making and behavioural economics. In this capacity, she provides consulting and workshops in key elements of managerial decision-making and risk management to senior managements of organisations across a range of sectors, including healthcare, banking, investment, technology, the judicial system and the Israeli Defence Forces.

Prof. Liberman is the Rector of Reichman University (IDC Herzliya) in Israel, and one of its founders and leaders. She is a professor at the business school, a visiting researcher at Stanford University, and the author of several books and many scientific articles. Over the years, she has held a variety of managerial positions at the Reichman University, among them, heading the mathematics and statistics studies, leading the decision-making area in the business school, and founding and heading the MBA programme in Healthcare Innovation.

Prof. Liberman holds a B.Sc. in Mathematics and Statistics, an M.Sc. in Mathematics and a Ph.D. in Mathematics, all from Tel Aviv University.