In Memoriam: Edmond Israel
Sacred Heart University has learned of the death of its long-time friend and supporter, Edmond Israel. The 86-year-old banker was the director-general for Dexia Banque; chairman of the Luxembourg Stock Exchange; and founding chairman of Cedel International, now Clearstream International—a worldwide clearing institution for the finance industry. He was president of the Federation of European Stock Exchanges from 1993-95 and in 1998 was elected vice chairman of the Board of Governors of the Asia-Europe Foundation. He was the founding chairman of the Board of Regents for Sacred Heart University Luxembourg. Among many honors, he was awarded an honorary doctorate by Sacred Heart in 1996 as well as the University’s Discovery Award in 2004.
According to Dr. John J. Petillo, interim president, “Dr. Israel’s support of Sacred Heart University’s campus in Luxembourg has been critical to its success. The University’s leadership, faculty, and over 400 alumni in Luxembourg owe him a debt of gratitude for his wise counsel and deep dedication to Sacred Heart University’s mission in Luxembourg.”
Edmond Israel’s memoir, In Love with Life, published by Sacred Heart University Press, chronicled his life from a child in his native Luxembourg to his years in exile in the United States to his rise in global finance. In it, he wrote what may serve as an epitaph for this gentle and generous man: "The future is wide open. It is an infinite dimension of potentialities. It is up to the human species to seize them or not.”