The Metropolitan Council on Jewish Poverty is bringing in New York City’s finance chief, David Frankel, to succeed the fired William Rapfogel as executive director and CEO.
The Met Council announced the appointment of Frankel, who has been commissioner of the Department of Finance since 2009, on Aug. 19. Frankel will officially join the council on Sept. 30.
Rapfogel, who headed the organization since 1992, was dismissed earlier this month after an internal investigation discovered financial malfeasance related to the company’s insurance policies. He is under investigation by the New York state attorney general and comptroller.
Met Council is one of New York’s largest social service agencies, serving 100,000 New Yorkers annually.
Prior to his work at the Department of Finance, Frankel was a managing director at Morgan Stanley from 2004 to 2009, and he was the head of global operations for the AIG Trading Group from 1992 to 2004. — jta