Psagot strengthens the brokerage activity with new appointments

by time news

Psagot Securities, which coordinates the investment portfolio management and brokerage business of the investment house Peaks, Recruited a number of professionals after the acquisition of control by the valued company Capital Capital Rani Zim. Significant recruitments include the appointment of a Deputy CEO and two VPs.

Elior Salem has been appointed Deputy CEO of Psagot Securities Salem.

In addition, two VPs were appointed. The first is Micha Goldberg, who was appointed VP of Strategy at Psagot Securities. Goldberg previously served as a senior analyst and head of research departments at Excellence Brokerage and Merrill Lynch. In his most recent role, he served as Customer Sales Manager at IBI.

Other appointments decided upon are by Tzach Koren, who has been appointed director of sales for agents and family offices in Psagot Securities, and by Ziv Linenberg, who has been appointed senior analyst at the Pareto hedge fund in Psagot Securities. Koren previously served as director of the agents and family office at Billin Lapidot, when Linenberg also joined Milin Lapidot, where he was a senior analyst.

Psagot explained that the recruitments allow for a significant thickening of the professional backbone at Psagot Securities, with Chairman Uzi Danino and CEO Yuan Kadosh intending to develop collaborations with leading entities abroad, while implementing innovation and creativity in order to position Psagot Securities As a dominant and significant factor in the Israeli capital market.

Yuan Kadosh, CEO of Psagot Securities, noted that “the new team, alongside the company’s veteran executives, will allow us to accelerate our growth strategy. “We intend to develop Psagot’s activities in international markets, and enable Psagot’s private and institutional clients to receive a range of professional services in the areas of foreign securities, unique financial products and quality exposure to the various global markets.”

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At the end of last May, Zim acquired 75% of Psagot Mutual Funds and Psagot Securities in exchange for NIS 309 million through Valio Capital, which it owns, from Altshuler Shaham’s provident and pension company, which acquired Psagot from Apax Fund. A month later, he completed the purchase of the remaining 25% in exchange for an additional NIS 96 million.

As part of the deal, the signing of which was first published in Globes, Valio Capital acquired Psagot Comps Investments for a total consideration of approximately NIS 21 million. Valio Capital made the acquisition together with a group of investors led by it, which includes, among others, Yuan Kadosh, Canlov Capital (managed by Olivia Koenig) and the investment house HC WAINWRIGHT and other investors from abroad, who bring with them experience in the fields of investments and finance.

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