Bank Leumi Promotes Hanan Friedman to CEO

Israel’s Bank Leumi has appointed Hanan Friedman as CEO, the bank announced Tuesday in a filing to the Tel Aviv Stock Exchange. Friedman’s start date has yet to be determined, according to the filing.

In June, Rakefet Russak-Aminoach announced she would be stepping down as the bank’s CEO after a seven-year tenure, as soon as Leumi’s board names her replacement.

Friedman joined Bank Leumi five years ago and has held several positions since, including leading the bank’s legal division as well as its strategy and regulation division.