The Phoenix in a dramatic appointment: This is the new chairman of the board

The Phoenix (Magma Images)

Gamma Management and Clearing of the Phoenix Group announces the appointment of Erez Yosef (54) as Chairman of the Company’s Board of Directors. The Phoenix Group announces its intentions in the field of credit and appoints Erez Yosef as Chairman of the Board of Gamma.

Already in the IPO process, the Group has announced its intentions to develop and accelerate Gamma’s operations and now, after impressive growth in credit and clearing activity in recent quarters, it announces a significant strengthening of Yosef’s figure, who will collaborate with Gamma CEO Ariel Ganot. .

Gamma was issued last June and was the largest issue among non-bank credit companies since the beginning of the year on the Tel Aviv Stock Exchange, an issue that made Phoenix the controlling owner of the company.

Erez Yosef has over 30 years of experience in the finance, credit and capital markets. Prior to joining the Phoenix Group and until about two years ago, Erez served for 30 years in a variety of positions at Bank Hapoalim and in his most recent position served as Deputy CEO COO, In charge of the Strategy, Resources and Operations Division. Erez has extensive experience, extensive knowledge and many years of familiarity with the banking, finance, credit systems, means of payment and credit cards.

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Erez brings with him extensive experience in formulating and leading strategic moves in large business systems, and alongside Ariel Ganot and Gamma management, we intend to build an advanced, technological and strong infrastructure for realizing the potential inherent in Gamma. Together, Phoenix and Gamma’s management will work to increase the advantage in the field of payments and clearing in the business sector for a complete financial solution, thus significantly leveraging Gamma’s capabilities and strengthening its competitive advantage.

Erez Yosef. Photo: Nati Hadad

Eyal Ben Simon, CEO of the Phoenix Group: “I am pleased that Erez has joined the Phoenix family and see the partnership formed between the capabilities of Erez, the Phoenix Group and the Gamma management led by Ariel Ganot as a great step towards realizing Gamma’s vision and strategy. To become a leading body in providing services to the business sector in Israel in the field of payments, clearing, credit and a variety of other advanced services. ”

He added that “on behalf of the Phoenix Company and on behalf of the management and Gamma employees, I would like to thank Eli Unger, one of the company’s founders, who has been an active chairman since its inception 23 years ago. Eli Unger was together with Ariel the living spirit that led to Gamma’s success and where it is located, Eli was the driving force that pushed for Gamma’s growth and issuance in the capital market and much of its achievements so far are thanks to Eli’s leadership as Gamma’s chairman.

Gamma from the Phoenix Group is a leading non-bank credit company in Israel for the business sector. The company, which was established in 1998, has about 130 employees, and is currently a public company controlled by the Phoenix Group. Gamma provides credit and financial services to over 10,000 companies, leading marketing chains and businesses in Israel. Gamma’s annual turnover is about NIS 28 billion a year.

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