Mizrahi-Tefahot
#1550
Rank
$11.42B
Marketcap
Israel
Country
Mr. Moshe Lari M.B.A. (Pres & CEO)
Mr. Adi Shachaf (Deputy Director Gen., Director of the Fin. Division & CFO)
Mr. Ofir Morad (Deputy Director Gen. & Director of the Bus. Banking Division)
Summary
History
Bank Mizrahi-Tefahot was formed by a merger of Bank Mizrahi HaMeuhad and Bank Tefahot in 2004.Bank Mizrahi was established in 1923 by the Mizrachi movement and later merged with Bank Hapoel HaMizrachi to form Bank Mizrahi HaMeuhad .
In November 2017, Mizrahi Tehafot Bank agreed to buy Union Bank of Israel for US$400 million, thereby consolidating its position as the third largest Israeli bank.On 12 February 2020, Bank Mizrahi-Tefahot was listed on database of 112 companies compiled by the United Nations implicated in helping to further Israeli settlement activity in the West Bank and Golan Heights, an activity considered illegal under international law.On 5 July 2021, Norway's largest pension fund KLP said it would divest from Bank Mizrahi-Tefahot, alongside 15 other business entities implicated in the report, over the UN's fingering of what it asserted were "banking and financial operations helping to develop, expand or maintain settlements and their activities" in the occupied territories.
Mission
Vision
Key Team
Ms. Shevy Shemer (Exec. VP & Head of Retail)
Mr. Nissan Levy (Deputy Director Gen., Head of Human Capital, Resources & Operations Division)
Ms. Rachel Friedman (Deputy Director Gen., Chief Legal Adviser & Director of the Legal Division)
Mr. Menahem Aviv (Deputy Director Gen., Head of Financial Reporting & Information Division and Chief Accountant)
Terry Yaskil (Deputy Director Gen. and Head of Marketing, Advter. & Bus. Devel.)
Ms. Ayala Hakim (Chief Information Officer & CEO of Mizrahi Tefahot Technology Division Ltd.)
Mr. Doron Klausner (EVP, Head of? Risk Control Div., Deputy Director Gen., Director of the Risk Control Div. & CRO)
Recognition and Awards
References
Mr. Moshe Lari M.B.A. (Pres & CEO)
Mr. Adi Shachaf (Deputy Director Gen., Director of the Fin. Division & CFO)
Mr. Ofir Morad (Deputy Director Gen. & Director of the Bus. Banking Division)