If I were you: Rothschild Bank is opening a representative office for capital management in Israel
Bank Rothschild & Co. opens a representative office in Israel of the group's capital management division.
The division manages assets amounting to more than 100 billion euros around the world.
"Israel is a country with a vibrant economy, and a significant capital growth rate, and is therefore an important market for us," the bank says
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Of money
30/08/2022
Tuesday, August 30, 2022, 08:29 Updated: 09:03
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Geri Livnat, director of the representative office of the Rothschild Bank in Israel (Photo: Florin Kalin)
The multinational investment bank Rothschild & Co. announced today the opening of a representative office in Israel of the group's Wealth Management division, after receiving the required regulatory approvals from the Bank of Israel.
The representative office in Israel, whose offices will be in Herzliya Pituach, will be led by Geri Livnat
.
Livnat, who joined Rothschild Bank in June of this year, has a cumulative experience of more than 20 years in the financial sector in Israel.
Until recently, Livnat served as the CEO of UBS Wealth Management in Israel and before that as the manager of the main branch of UBank in Jerusalem. Livnat has a bachelor's degree in economics and a master's degree in business administration, and is a speaker at high-tech conferences and serves as a judge in startup competitions.
Rothschild & Co. is a family-owned financial entity that has been at the heart of the world's financial markets for more than 200 years.
It is one of the largest independent financial advisory groups in the world, with more than 3,800 employees in more than 40 countries.
The group's experts provide its clients with knowledge in the field of global consulting, capital and asset management, and private investment funds.
The capital management division provides services to families, entrepreneurs, foundations and charities.
The Rothschild family is one of the few families that managed to preserve its wealth for seven generations, and therefore the bank specializes in understanding the challenges of wealth management.
The group believes that capital preservation should be a priority.
The wealth and asset management division of Rothschild & Co. has offices in Aix-en-Provence, Birmingham, Bordeaux, Brussels, Dusseldorf, Frankfurt, Geneva, Grenoble, Guernsey, Leeds, London, Luxembourg, Madrid, Manchester, Marseille, Milan, Monaco, New York, Paris and Zurich.
The division manages more than €100 billion in assets.
The Rothschild family managed to preserve their wealth for 7 generations, so they have some good advice for the rich and getting rich in Israel (Photo: ShutterStock)
A combination of tradition and innovation
The bank explains that Israel is a country with a very vibrant economy, where capital growth is fast and therefore it is an important market for the Rothschild & Co. group in general, and with tremendous potential for its capital management division in particular.
The division will provide investment advice, as well as portfolio management and advisory services to established families and entrepreneurs.
The group adds that the opening of the capital management division's representative office in Israel is part of the group's strategic vision to invest in markets where the bank has already established relationships and reputation.
Francois Perol, co-director and co-chairman of the executive committee of Rothschild & Co.
, said that "our capital management business has continued to grow significantly in recent years.
This investment in Israel is a natural continuation for us, after we have already established global capital management here, and in light of the strong historical family ties."
Lauren Ganivan, CEO of Rothschild & Co. in Switzerland
, added: "We are excited to strengthen our presence in Israel with Gerry Livnet who will lead our representation in the country. With Gerry's experience, a wide network of existing clients, including local entrepreneurs, the start-up community and families with capital, we are confident that we will succeed in building a strong client base For the capital management division of Rothschild & Co. also in Israel."
Geri Livnat, director of the representative office in Israel
, said: "I am happy to join Rothschild & Co. at a time when it is focusing on building its presence in Israel. I am convinced that the group's unique combination of long-standing tradition and innovation will be attractive for families and entrepreneurs alike and will assist in the continued growth of the successful capital management business of Rothschild & Co. in the world".
Global Capital Management (GA) of Rothschild & Co., which provides mergers and acquisitions services and investment banking consulting for companies and startups, has been operating in Israel since 2008 and has established itself as one of the leading financial consulting companies in Israel.
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