Deputy CEO and Head of the International and Private Banking Division, Mr. Zvi Itskovich, has notified the Chairman of the Board of Directors, Mr. David Brodet, and the President and CEO of the Bank, Ms. Galia Maor, of his decision to resign from the Bank. Mr. Itskovich told them that after serving in three positions as a member of management, and setting up the International and Private Banking Division, which he headed for the last 12 years, he feels the time has come to resign.
During his 33 years at Leumi, Mr. Itskovich has served in many senior management positions, both in Israel and abroad, including Manager of the Chicago Branch of Bank Leumi USA, Head of the Private Customers Department in the Banking Division, Deputy Head of the Finance and Accounting Division, Chief Auditor of the Bank, Head of the Subsidiary Companies Division, and Head of the International and Private Banking Division. In addition, Mr. Zvi Itskovich serves as Chairman of Bank Leumi UK, Chairman of Bank Leumi Romania, and Chairman of Bank Leumi Luxembourg, and is a director of Bank Leumi Switzerland.
Leumi Chairman, Mr. David Brodet, and President and CEO of the Bank, Ms. Galia Maor, expressed their great appreciation for Mr. Itskovich and their thanks for his considerable and wide-ranging work for the Bank over the last decades, and wished him success in his career outside the Bank.
Mr. Itskovich's retirement will come into effect during the
third quarter of 2012.
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