trending Market Intelligence /marketintelligence/en/news-insights/trending/nSB7bWw7kJWEo0ya-1wqJA2 content esgSubNav
In This List

Report: Bank Hapoalim CEO hands in resignation

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


Report: Bank Hapoalim CEO hands in resignation

Bank HapoalimB.M.'s CEO Zion Kenan handed in his resignation and will step downfrom his post in six months, Israeli newspaper Globes reported March 31.

It added that the lender's recently appointed COO and deputy CEO, Ari Pinto, isKenan's likely successor. According to Globes,the 60-year-old incumbent has spent 38 years at Bank Hapoalim and his contracthad been due to expire in 18 months.

Kenan's resignation comes in the wake of Israel's recentintroduction of a cap on bankers'pay, which was criticizedby Bank Hapoalim Chairman Yair Seroussi.