Bank Leumi Announces Management Changes
Omer Ziv, Head of the Finance Division, will be appointed Head of the Capital Markets Division and Chairman of Leumi Partners, replacing Bosmat Ben Zvi; he will also serve as Deputy President and CEO; Bosmat Ben Zvi will be appointed Head of the Audit Division, replacing Hagit Argov; Hagit Argov will be appointed Head of the Finance Division; Adv. Michal Alterman, who currently serves as Max's Chief Legal Counsel, will be appointed Chief Legal Counsel at Leumi, replacing Adv. Mor Fingerer, who announced her desire to leave
December 07, 2022
Today (Wednesday), Bank Leumi announced a round of appointments in its top management. The purpose of the current round is to enable current senior members of management to develop professionally in additional directions, and to implement the experience gained in their previous positions in their new key roles - enabling Leumi to further enhance its business leadership.
Omer Ziv, CPA - who served as Head of the Finance Division in the past 6 years - will be appointed Head of the Capital Markets Division and Chairman of Leumi Partners. Mr. Ziv has substantial capital market experience. Prior to joining Leumi in 2016, he held several senior positions, including: CFO and Deputy CEO of The Phoenix Group and Chief Accounting Officer of Migdal Group.
Hagit Argov, CPA - who served as Head of the Audit Division in the past two years - will be appointed Head of the Finance Division. Prior to joining Leumi, Argov served in a variety of senior capital market positions, including: CFO of Harel Insurance and Controller of Securities and Investments at Migdal Insurance Company.
Bosmat Ben Zvi, CPA - who served as Head of the Capital Markets Division in the past two years - will be appointed Head of the Audit Division, replacing Hagit Argov. During the past few years, Ms. Ben Zvi held several key positions at Leumi, including Head of the Risk Management Division and Chief Risk Officer, Head of the Strategy Department and Chief of Staff for Leumi’s President and CEO.
Adv. Michal Alterman - who currently serves as Chief Legal Counsel for credit card company Max - will be appointed Chief Legal Counsel at Leumi, replacing Adv. Mor Fingerer, who announced her desire to leave. Ms. Alterman has extensive experience as a top legal counsel in the finance domain. In recent years, as mentioned, she served as Chief Legal Counsel for Max.
Leumi’s President & CEO, Hanan Friedman, congratulated the members of management: "I am proud of our diverse pool of excellent managers, that allows us to take bold measures to boost our activity, as demonstrated by our current round of appointments. The fact that most of the promotions are from within the Bank’s ranks indicates that when it comes to Leumi’s excellent staff, the sky is the limit. The changes will allow us to take yet another leap forward towards implementing our strategy - in a variety of domains. Adv. Michal Alterman - an excellent lawyer with rich experience in finance - will join the current members of management. I am confident that the members of management who will be developing in additional professional directions, will bring to their new positions not only their talent but the experience they gained in their previous ones."
The changes will take effect after receiving approval from the Bank of Israel. The tenure of the new Chief Legal Counsel will begin after her tenure at Max ends.