Address: 74 Rothschild Blvd., Tel Aviv 65785
CEO & Country Manager, Israel
Education: M.B.A., Finance, Baruch College, NYC; B.Sc., Industrial Management & Engineering, Technion - Israel Institute of Technology, Haifa.
Current Position: CEO & Country Manager – Israel, HSBC Bank plc.
Past Positions: Deputy General Manager, First International Bank; Vice President, M&A, Republic National Bank of New York.
Languages: English, French, Hebrew.
Line of Business:
Corporate Banking, Investment Banking, Global Markets, and Private Banking
SBC has evolved from The Hong Kong and Shanghai Banking Corporation Limited which was established in 1865 to finance the growing trade between China and Europe. The Group expanded primarily through offices established in the bank’s name. In the 1950s, it began to create and acquire subsidiaries. This strategy culminated in 1992 with one of the largest bank acquisitions in history, when HSBC Holdings acquired the UK’s Midland Bank, now called HSBC Bank plc. Since then, the Group has also purchased a number of other financial institutions including Republic New York Corporation, Credit Commercial de France & Household International, Inc.
The World’s Leading International Bank
Headquartered in London, HSBC is one of the largest banking and financial services organizations in the world. HSBC’s international network comprises around 7,200 offices in 85 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, its shares are held by over 220,000 shareholders in 132 countries and territories. HSBC provides a comprehensive range of financial services to around 89 million customers through our four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. As a global bank with an unrivalled footprint across developed and emerging regions, HSBC brings its customers global knowledge, specialist advice and 24-hour market access - wherever it’s based.
In 2011, HSBC profit before tax went up 15% to US$21.9bn on a reported basis. Strong performance in faster-growing regions, with revenue up 12% in Hong Kong, the rest of Asia-Pacific, Latin America and the Middle East and North Africa. The core tier one capital ratio stood at 10.1%, in line with our target range. In 2011, HSBC was also judged to be the most valuable banking brand in the world in the recent Brand Finance® Banking 500 2012 report.
HSBC is a major user of advanced information technology. Its e-business channels include the Internet, PC banking, and telephone banking via both fixed and mobile phones. HSBC maintains its own private telecommunications network - one of the world’s largest - to deliver IT services to customers and staff around the world.
HSBC in Israel
HSBC Bank plc Israel branch operates in Israel since 2001. It is licensed by the Bank of Israel, and is a member of the Tel Aviv Stock Exchange and the Tel Aviv Clearing House. The local branch operates in 4 main areas:
1. Corporate Banking
2. Investment Banking
3. Global Markets
4. Private Banking
Tel Aviv’s corporate banking offers services to leading international businesses, operates in Israel, and covers a broad range of domestic and international credit facilities, deposits, sophisticated and vanilla trade products and guarantees. HSBC also deals with local and international project financing, as well as ECA (Export Credit Agency) to support export/important financing. Additionally, it offers advanced global payments and cash management solutions through HSBCNet, including currency and payment transactions in RMB with Hong Kong and Mainland China. HSBC‘s global presence facilitates customer referrals to other worldwide HSBC sites with focus on the Asia Pacific region.
The Investment Banking department focuses on all Corporate Finance & Advisory related activities, including IPOs, secondary offerings, debt issuance, mergers and acquisitions, leveraged finance, private equity and structured debt. The department targets long established Israeli companies, as well as growth companies, spanning a broad range of sectors.
Tel Aviv Global Markets is an integral part of HSBC’s worldwide operation offering a comprehensive range of FX, rates, Credit and Equities services, as well as access to the newly RMB currency, bond market and Credit.
Tel Aviv’s private banking is part of HSBC Global Private Banking which provides services to high net worth individuals and their families through 90 offices in 29 countries worldwide. The activity in Israel is part of a Global Israel Market desk in Tel Aviv, Zurich, Geneva, New York, Singapore, Luxemburg, and London, dedicated to Israeli residents and non-residents with an affinity to Israel. It offers a comprehensive range of traditional products and services as well as tailored solutions for individuals. HSBC Private Bank Israel is the only foreign bank currently operating in Israel that can open onshore accounts for private banking clients.
HSBC Israel values community work and actively promotes it by participating in projects such as Junior Achievement (JA), and Beit Hashanti. JA, and HSBC have a mutual worldwide program “More than Money”, in which employees of HSBC teach school children basic financial skills. In Beit Ha-shanti, which provides a home for homeless youth and youth at risk, our employees participate in activities such as meals preparation, cleaning and private lessons.