London Exchange signs MoU with Bank Hapoalim

ELITE program to support Israeli high-growth firms

September 22, 2016 22:24
1 minute read.
bank hapoalim

AVI KOCHBA (right), head of innovation at Bank Hapoalim, and Nikhil Rathi, CEO of the London Stock Exchange, sign the MoU on Wednesday, as Bank Hapoalim’s chairman Yair Serrousi (back right) and CEO Arik Pinto look on.. (photo credit: TAMAR MATSAFI)

The London Stock Exchange Group’s ELITE international program for ambitious high-growth businesses has signed a Memorandum of Understanding with Bank Hapoalim.

The LSEG hosted its first Capital Markets conference in Israel, bringing together UK and Israeli senior politicians, business bodies, the advisory and investment community, along with the CEOs of some of the fastest growing Israeli companies. The event highlighted LSEG’s capacity to support high-growth Israeli companies.

“Israel is the start-up nation of the world, a powerful hub for entrepreneurial ambition, innovative investment activity and wealth creation,” said Nikhil Rathi, CEO of the LSE and its director of international development.

“We are excited to announce the partnership between ELITE and Bank Hapoalim and host some of Israel’s fastest growing businesses and sophisticated investors at LSEG’s Capital Markets conference, strengthening the long history of business and friendship ties between our two countries.”

Avi Kochba, head of innovation at Bank Hapoalim, said the financial institution was looking for strategic partners who share its vision for the future of Israel and understand the importance in supporting Israel’s fastest growing companies.

“Working with ELITE will allow us to do just this, for the benefit of the Israeli economy and the promotion of innovation within Bank Hapoalim.”

Three Israeli companies are already part of ELITE’s vibrant community of more than 400 companies from across 23 countries. These are social trading platform eToro, peer-to-peer lender Blender and the world’s first cloud-based video creation and production company Showbox.

In 2016 so far, $2 billion in Israeli stocks has been traded on London Stock Exchange and $330 million on Turquoise.

In 2015, the Israeli Securities Authority granted authorization for London Stock Exchange and Turquoise to admit Israeli member firms, subject to certain limitations

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