UniCredit to open in Tel Aviv

The investment bank noted that Israel recently was listed as one of Poland's 10 most desired countries with which to develop strategic relations.

UniCredit Markets & Investment Banking said Sunday it plans to establish a presence in Israel with the opening of an office in Tel Aviv during the first quarter of 2008. A Central and Eastern Europe investment bank, UniCredit Markets is part of the UniCredit Group, Europe's third largest bank. "UniCredit provides and alternative to Nasdaq and the AIM, giving Israeli companies an opportunity to go public on the Warsaw Stock Exchange," said Derylo Jaroslaw, a UniCredit executive. The investment bank noted that Israel recently was listed as one of Poland's 10 most desired countries with which to develop strategic relations.