Gil Topaz Bank of Jerusalem (YouTube photo)
Gil Topaz, CEO of the Bank of Jerusalem, announced today (Sunday) to the Chairman of the Board, Zeev Nahari, that he is resigning, and that he is facing new challenges in the business world.
Topaz has served as the bank’s CEO for the past six years, during which time mortgage performance doubled, the bank’s net profit more than doubled, and return on equity rose from 6.3% at the end of 2015 to 13% in the third quarter of 2021. The bank announced these results. Innovative strategy and creative and groundbreaking business moves.
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Topaz, 52, has held a number of senior positions in the banking system and is considered an excellent credit man and strategist in his field. In the past, Topaz served as a member of the Board of Directors of ICC as the Managing Director of Private Clients and previously as the Company’s Risk Manager, and in other senior positions at Bank Hapoalim: Retail Credit Manager, Commercial Customer Portfolio Manager and Strategy Unit Manager. Now, as he informed the bank’s board of directors, he is facing new challenges in the business world.
The chairman of the board, Zeev Nahari, expressed regret over the announcement by CEO Topaz and thanked him, on behalf of the shareholders and members of the board, for his personal contribution: “Topaz led the bank in a creative and innovative way and in a pleasant and humane way. . He also wished him great success in whatever he did.
According to the Bank’s announcement, the Bank of Jerusalem will act soon to establish a search process for a new CEO.
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