Former Bank of Israel governor and economist Moshe Sanbar died on Monday night in Tel Aviv at the age of 86.

Sanbar was a Hungarian-born Holocaust survivor who was imprisoned at the Dachau concentration camp in Germany. After immigrating to Israel, Sanbar worked in the Finance Ministry. He served as adviser to finance ministers Pinhas Sapir and Levi Eshkol, who later served as prime minister during the Six Day War.

Sanbar was the governor of the Bank of Israel from 1971 to 1976, and afterwards sat on the boards of various Israeli companies and institutions. He was the chairman of Bank Leumi and Tel Aviv’s Habima Theater.

He founded in 1987 the Centre of Organizations of Holocaust Survivors in Israel and served as chairman and on its board until his death. Under Sanbar’s leadership, the organization championed the struggle for improving the quality of life for Holocaust survivors worldwide.

Sanbar will be laid to rest on Tuesday afternoon at 3:30 p.m at the Kiryat Shaul cemetery in northern Tel Aviv.