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BlackRock Opens Tel Aviv Office to Tap Israel's Technology Edge

  • Nation’s tech prowess was ‘important factor’ in opening office
  • Israel leads world in number of small tech firms per capita

BlackRock Inc. opened its first office in Israel, tapping into the country’s well of engineers and programmers to help improve the firm’s global platform in a changing asset-management industry.

“The technological expertise in Israel is widely celebrated, and this was an important factor in the decision to open an office,” Alex Pollak, BlackRock’s country head in Israel, said in an emailed response to questions. The world’s largest asset manager hired seven employees, among them engineers.