Yael Almog Appointed As Executive Director of the IFRS Foundation

Jack Humphrey, Regulatory journalist
January 23, 2012 /

The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board, has appointed Yael Almog as Executive Director of the IFRS Foundation.

Ms Almog will be responsible for the management of the day-to-day operations of the organisation and will provide executive leadership in support of the work of the Trustees.

Ms Almog currently serves as Director of the Department of International Affairs of the Israel Securities Authority (ISA), the Israeli market regulator.

She has experience in dealing with international organisations and financial regulators on matters related to International Financial Reporting Standards (IFRSs) and was closely involved in the implementation of IFRSs in Israel, where IFRSs are required in full for publicly traded companies.

She is a former senior adviser to the ISA Chairman, former Chair of the International Organization of Securities Commissions (IOSCO) Monitoring Group, led the ISA role in Israel’s accession to the Organisation of Economic Cooperation and Development (OECD) and managed the mutual securities recognition arrangements between Israel and the European Securities and Markets Authority (ESMA).

As a lawyer, Ms Almog’s early career was spent as a senior prosecutor in criminal securities litigation and as an Adjunct Law Professor at Haifa University. She studied at both the Tel Aviv University Faculty of Law and the Columbia University School of Law, New York. She was called to the Israeli Bar in 1994.

Her appointment follows the departure of Tom Seidenstein, Chief Operating Officer, who after more than 10 years of service left the Foundation to return to the United States. She will report to both the Chairman of the Trustees and the Chairman of the IASB.

Commenting on the appointment, Michel Prada, Chairman of the Trustees said: “Yael’s track record speaks for itself. Her extensive international contacts and deep knowledge of matters related to IFRSs means that she will be able to hit the ground running.”

Hans Hoogervorst, Chairman of the IASB said; “I worked with Yael during our time at IOSCO and was impressed with her ability to work well with her international colleagues and achieve results. She will be a tremendous asset to the organisation.”

Yael Almog added: “This is an exciting challenge for me both professionally and personally. I have always strongly supported the mission of the IFRS Foundation and I am honoured and proud to join the organisation and to contribute my share to achieving its goals.”

 

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