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Strauss-Kahn. Pessimistic about prospects of global economic recovery Photo: AFP
Strauss-Kahn. Pessimistic about prospects of global economic recovery Photo: AFP

Strauss-Kahn's sneak visit to Israel

Calcalist learns that last week, former IMF managing director conducted workshop in Israel for senior executives at Asia wealth management

Ari Libsker, Calcalist
Published: 11.07.12, 15:18 / Israel Business

Former International Monetary Fund Managing Director Dominique Strauss-Kahn, known mainly due to his involvement in a sex scandal, visited Israel last week.


Calcalist has learned that last Thursday, Strauss-Kahn conducted a workshop for a handful of senior execs at Asia wealth management.


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The international firm has been operating in Israel for the past two years and manages assets at a total value of €800 million (about $1.025 billion).


Some of the company's most prominent clients came from overseas just to take part in the workshop.


Strauss-Kahn serves as an external consultant for the firm.


During the workshop, Strauss-Kahn spoke mainly about the European and US markets and expressed pessimism about prospects of global economic recovery. He claimed that governments needed to take the required measures and affect reforms, otherwise the situation would deteriorate.


He was more optimistic about the upcoming year, saying he foresaw no economic calamities on the horizon.


Kahn stayed at a discreet boutique hotel so as not draw attention and kept a low profile throughout the visit.


This report was originally published in Hebrew by Calcalist



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