Citibank to join TA Stock Exchange
New move part of group’s expansion plans as it seeks to diversify services to costumers in Israel
The new move is part of the group’s expansion plans as it seeks to diversify its services to costumers in Israel.
Citibank has been in Israel since 2000 and provides a range of services in business, investment and private banking.
The group’s capitalization market is estimated at USD 55 billion. In Israel it also controls Galaxy which advises Israeli investors operating abroad.
Citibank Israel CEO, Gus Felix, said, “Joining the Tel Aviv Stock Exchange is part of the process of expanding our services in Israel. Citigroup and its costumers around the world are some of the move active investors in the Israeli capital market, and we intend to intensify this tendency by joining the stock exchange.”
Sam Bronfeld, Tel Aviv Stock Exchange CEO, told Ynet, “The membership of the world’s largest group will increase the activity of international investors. Citibank is joining three large international banks that joined the Exchange in recent years.”
