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Bank Leumi secures regulatory approval to appoint new CEO

Bank Leumi le-Israel BM secured regulatory approval to appoint Hanan Friedman as its CEO, effective Nov. 1, Reuters reported.

Friedman replaces Rakefet Russak-Aminoach, who stepped down as the Israeli bank's president and CEO in June.

Friedman was leading the bank's strategy and regulation division at the time of his appointment in August, according to the report.