Israel Discount Bank Ltd. named Uri Levin president and director of New York-based unit Discount Bancorp Inc. and recommended that he be appointed to the same roles at Israel Discount Bank of New York.

The effective date of the appointment is yet to be determined, but will be no later than July 1, 2017. Levin is currently senior executive vice president, CFO and head of the planning, strategy and finance division of Israel Discount Bank.

He will replace Ehud Arnon at Israel Discount Bank of New York.