President Obama announced three nominations to the Federal Reserve Board of Governors Friday, filling out the panel that will serve alongside incoming Chairwoman Janet Yellen.

Stanley Fischer, the former governor of Israel’s central bank and a prominent former Massachusetts Institute of Technology professor, is Obama’s pick to replace Yellen as the Fed’s vice chairman. Fischer also has worked at the International Monetary Fund, Citigroup and the World Bank. He was the thesis adviser at MIT for current Fed Chairman Ben Bernanke.