Bank Massad Ltd., a unit of Bank Hapoalim and Altshuler Shaham, an investment house, have both joined as friends of the Tel Aviv Stock Exchange, in order to directly trade on the exchange.
Massad, which provides services to the retail sector and in particular to teachers, has 12 branches across the country serving 70,000 customers. The bank, which has NIS 8.8 billion in assets under its management, said the membership would provide better services to its customers.
Altshuler Shaham, which manages total assets worth about NIS 5b., specializes in the management of investment portfolios, mutual and provident funds.
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