Avner Mendelson Appointed as President and Chief Executive Officer of Bank
NEW YORK, Sept. 13, 2013
NEW YORK, Sept. 13, 2013 /PRNewswire/ -- The Boards of Directors of the Leumi
Group and Bank Leumi USA appointed Avner Mendelson as President and Chief
Executive Officer of Bank Leumi USA (BLUSA), effective September 1, 2013.
Mr. Mendelson replaced Itzhak Eyal who served as President and Chief Executive
Officer of Bank Leumi USA for the past three years. Mr. Eyal has retired after
serving in various executive roles within the Leumi Group for 38 years.
"I am confident that Avner will continue to implement the strategic
initiatives already underway and lead BLUSA to its potential as a key
subsidiary of the Leumi Group," said Leumi Group and Bank Leumi USA Chairman
Mr. Mendelson has been with the Leumi Group for six years, during which time
he has served as the Head of the Group's Strategy and International Operations
and as the Group CEO's Chief of Staff. Additionally, he has served on Bank
Leumi USA's Board for the past year and a half and has been an integral part
of the strategic plans that were announced last year.
Prior to joining Leumi, Mr. Mendelson was a Business Analyst and Senior
Associate with McKinsey & Company in London. He received his B.A. in Economics
and International Relations from The Hebrew University in Jerusalem and his
MBA from the Wharton School of the University of Pennsylvania.
Avner Mendelson added, "I am absolutely convinced that with the strong assets
we have and with the right talent, teamwork and spirit, Bank Leumi USA will
successfully implement our strategic plan and achieve our long term goals."
About Bank Leumi USA
Bank Leumi USA, the largest subsidiary of the Leumi Group, has operated in the
U.S. for more than fifty five years. It is an FDIC-insured, full-service
commercial bank providing financial services to middle and upper-middle market
firms, and international businesses through offices in New York, Illinois,
California, Florida, a representative office in Israel, and an offshore office
in the Cayman Islands. Bank Leumi USA offers U.S. and international private
banking services as well as a full range of securities and insurance products
through its brokerage subsidiary, Leumi Investment Services Inc.
SOURCE Bank Leumi USA
Contact: Diana Sandru, Marketing, 562 Fifth Avenue, New York, NY 10036,
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