Press Releases

President & CEO of Leumi Group, Ms. Rakefet Russak-Aminoach, announced today that Dr. Avi Ortal is due to be appointed CEO of Leumi Partners, Leumi Group's investment banking arm. Ortal will replace Yaron Bloch, who recently announced his resignation and will continue to serve as Chairman of Leumi Card on behalf of Warburg Pincus, which acquired the credit card company several months ago.

Dr. Avi Ortal, born in 1967, holds a BA in Law from The College of Management in Israel, an MBA from Kellogg-Northwestern University and an LLB, an LLM and a SJD in law from Duke University.

Ortal has been serving since 2011 as Senior Partner at SKY Private Equity Fund, while among others has led the M&A field. Prior to that he served as Head of US Operations at Aman Group Holdings, and prior to that he was a partner at Zellermayer, Pelossof & Co. law firm, managing its international M&A and private equity practice.

Leumi Partners recorded a net profit of NIS 180 million in 2017, while its equity on December 31, 2017 reached NIS 1,641 million. Ronen Agassi serves as Chairman of Leumi Partners, alongside his role as Head of Leumi's Capital Markets Division.