Mr. Daniel Furman, age 61, is the founder and Managing Director of ARBA Finance Company Ltd. He holds a B.A.in Economics and Statistics from the Hebrew University in Jerusalem and an M.B.A. from INSEAD, the European Institute of Business Administration in Fontainebleau, France.

Daniel is a Director of The First International Bank of Israel , Pricer AB, The Edmond de Rothschild Private Equity Management L.P., Clear Audio Ltd, and Picom Software Ltd. Between 1993 and 2000 he served as a Director and Member of the Investment Committee of Ilanot-Batucha, one of Israel's leading mutual funds managers.

Prior to founding ARBA in 1978, Daniel served as the Finance Manager of Aircraft Trading and Services Inc., an international company specializing in trading and leasing commercial aircraft. He was a Senior Consultant for National Consultants (Israel); a member of the Corporate Finance Department of Eurofinance in Paris; and an assistant to the Vice President of Corporate Planning of Israel Aircraft Industries Ltd.

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