Ronen Agassi, CPA
Head of Capital Markets Division
Bosmat Ben-Zvi, CPA
Head of Risk Management Division
Head of Human Resources Division
Head of Retail Banking Division
Omer Ziv, CPA
Head of Finance Division
Shlomo Goldfarb, CPA
Head of Accounting Division
Head of Corporate Division
Head of Internal Audit Division
Irit Roth, Adv.
Head of Legal Division
Hanan Friedman, Adv.
Head of Strategy, Innovation and Transformation Division
Head of Technologies Division
Head of Data Division
Head of Operations Division
Bank Leumi was founded in London in 1902 as a result of Dr. Theodor Herzl’s vision. Upon the establishment of the State of Israel in 1948, Bank Leumi served as the central bank for the new state and issued the country’s first banknotes. Since then, Leumi has been instrumental to the development of the State of Israel, playing a vital role in a range of sectors – from national infrastructure, agriculture, industry and real estate, to commerce, academia, hi-tech and research.
The Leumi Group today operates some 208 branches throughout Israel, in addition to branches and offices located in key financial centers across the globe. Leumi provides a wide spectrum of high quality banking services to all types of customers, starting with households, through small and middle-market businesses, and up to large corporations. These services are provided through specialized business lines, suited to all customer segments, and are backed up by the highest standards and uncompromised professionalism. The Group provides additional services through its subsidiaries: ‘Leumi Partners’, the investment banking arm; ‘LeumTech’, the high-tech banking arm; and VIDEA, the digital portfolio management company.
In recent years, Leumi has invested extensive resources in developing and enhancing its technological capabilities in order to provide customers with the most advanced banking services. Today, ‘Leumi Digital’ leads the digital banking field in Israel, with a wide variety of innovative online banking services which are available to customers 24/7 via various digital channels.
Retail Banking Division
The Retail Banking Division provides full banking services to households, small businesses and private customers through 186 branches located across the country. The Division also includes the Mortgage Department.
Corporate Banking Division
The Corporate Banking Division is comprised of two Departments: The Commercial Department and The Corporate Department. The Commercial Department specializes in providing banking and financial services to middle-market companies through 22 commercial branches across the country. The Corporate Department provides funding and financial services to big businesses, corporations and multinational companies. The Department also finances construction and contracting companies involved in large-scale real estate and infrastructure projects.
This business line provides commercial banking services to individuals and Israeli companies operating in international markets. This includes Leumi USA, Leumi UK and Leumi’s representative office in Shanghai, China.
Capital Markets Division
The Capital Markets Division manages the Bank’s nostro portfolio and operates Leumi’s dealing rooms (Israeli Securities, Foreign Securities, Forex and Derivatives) in order to provide capital market services to the Bank’s customers, including institutional customers.
The Data Division is responsible for leveraging the data assets of Leumi Group in order to improve the Bank’s value proposition to customers. The Division is also responsible for Leumi’s mobile-only digital bank – ‘Pepper’, and the Bank’s Marketing Department.
Strategy, Innovation & Transformation Division
The Strategy, Innovation & Transformation Division leads all measures needed to adapt the Bank’s operating model to the ever-changing banking industry. Whilst doing so, the division is responsible for carrying out digital innovation across all the Bank’s business lines. The division manages ‘Leumi Digital’ – the Bank’s advanced online digital channels which include the website, mobile apps and self-service digital stations located at all branches.
LeumiTech provides comprehensive financial services to Israeli startups and high-tech companies operating in Israel and abroad, while addressing the unique needs of the tech industry. Based in Tel Aviv, LeumiTech also operates in global tech hubs such as London, New York and Palo Alto.
Leumi and the Community
Ever since its establishment and alongside its business activities, Leumi has always been an active partner in the society and community in which it operates. This legacy has been manifested in recent years in the Bank’s activities in promoting education, culture and the arts, while working towards reducing social gaps and providing equal opportunities to youth in Israel.
In 2018, Leumi invested over NIS 41 million in activities for the benefit of the community, through donations and sponsorships to some 450 social and educational organizations. These activities were attended by dozens of thousands of youth and adults from all sectors of the Israeli population. In addition, more than 4,700 bank employees took part in volunteer work in various programs throughout the country.
For over 17 years Leumi has been a strategic partner of “Aharai!” (‘Follow Me!’), a social and educational association engaged in developing young leadership, as well as encouraging social involvement among youth and young adults across Israel. Leumi is the organization’s main donor and supports the ongoing growth of the organization’s activities in the periphery. The Bank’s CEO serves as Head of the Association of Friends of “Aharai!”, while more than 1,000 Leumi employees volunteered in the organization during 2018.
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