Shari Arison, owner of the Arison Group announced the appointment of former Bank Hapoalim chairman Dan Dankner as CEO of Arison Investments.

Dankner will replace Efrat Peled who was named CEO of the group's family office in the US, who will focus on the international business activities and the strategy of the group's businesses responsible for improving the group's investments.

In his new role, Dankner will be responsible for the general day-to-day management of the Arison Investments, and its development.

Arison's son Jason will be named chairman of the Arison fund, and will oversee the group's philanthropic endeavors of Ted Arison.

Back in July, Dankner was ousted from his post at Bank Hapoalim as a result of a battle between Shari Arison and the Bank of Israel's Supervisor of Banks Rony Hizkiyahu over the management and appointments at the country's largest bank. In August, Yair Seroussi, replaced Dankner and became chairman of the bank.