Lilach Asher-Topilsky will step down as CEO of Israel Discount Bank Ltd. after five years in the role, the lender said June 4.

Although no date has been set yet for Asher-Topilsky's departure, a spokeswoman for the bank told Reuters that it would likely happen at 2019-end.

Asher-Topilsky is leaving the bank to become a senior partner at FIMI Fund, the newswire noted.