BHI restructured its business team, appointing John Yoler head of BHI Commercial & Industrial and Gal Defes head of international C&I, high tech and investment services. In addition, Steven Caligor was appointed head of BHI’s commercial real estate division.
Rakefet Russak Aminoach, president & CEO of Bank Leumi, will retire after seven years in the position and a total of 15 years with the Leumi Group.
Bank Leumi of Israel, CIBC and National Australia Bank launched the Global Alliance Fintech Link, a global online portal developed to help drive client-focused innovation by facilitating collaboration between the banks and fintechs.
Mark Fagnani, head of Bank Leumi’s new ABL division, has spent his career at some of the nation’s top ABL lenders. Cartoonist Jerry Gonzalez illustrates the trajectory of Fagnani’s career.
With roots in Tel Aviv and branches the world over, Bank Leumi lacked only one thing — an ABL division. The bank corrected the situation this spring and hired Mark Fagnani, a veteran of many outstanding ABL institutions, to lead it. Fagnani shares his vision for Leumi and his mantra for success with ABF Journal editor Nadine Bonner.
Bank Leumi and the Azrieli Group agreed to sell Leumi Card to funds affiliated with private equity fund Warburg Pincus for NIS2.5 billion ($682 million).
Bank Leumi hired Dan O’Donnell as the new head of Credit in the U.S., based in its New York office. He will report to the Head of Commercial Banking, Shawn McGowen.