Israel's Bank Hapoalim Selects Dov Kotler as New CEO
Arik Pinto, the bank's CEO since 2016, is one of three Israeli bank CEOs to announce their resignation in recent months
For daily updates, subscribe to our newsletter by clicking here.
Kotler, 63, was formerly the CEO of Hapoalim’s credit card business Isracard, which was floated on the Tel Aviv Stock Exchange in April. Since 2015, Kotler has served as the chairman of real estate investment firm Iintoo Investments Ltd.
Pinto was the first of three Israeli bank CEOs to announce their resignation in recent months. Rakefet Russak-Aminoach, president and CEO of Bank Leumi, announced her retirement two weeks ago after a seven-year tenure, while Lilach Asher-Topilsky, the CEO of Israel Discount Bank Ltd. since 2014, announced her retirement earlier in June.
On Monday, Discount named Uri Levin, the head of its New York division, as its new CEO.