Ravid, Silbiger quit Psagot Ofek
Roy Warmus is expected to be appointed to the post of general manager of Psagot Ofek Investment House
Roy Warmus is expected to be appointed to the post of general manager of Psagot Ofek Investment House and Shay Yaron is expected to be appointed general manager of Psagot Ofek Investment Management.
The Securities Authority opposed Ravid's continued management of Psagot after its sale to US-based York Capital Management LLC., even before a hearing was held. Ravid achieved a temporary victory when the court ruled that the Securities Authority did not have the authority to condition the sale upon Ravid's removal, prior to an indictment.
Meanwhile, a hearing was held in her matter, and Tel Aviv District Prosecutor (Taxation and Finances) announced its intention to indict her. York Capital Management, which had initially threatened to cancel the deal if it excluded Ravid, compromised with Leumi in return for a discount on the purchase price.
Published by Globes [online], Israel business news - www.globes.co.il - on December 12, 2006
© Copyright of Globes Publisher Itonut (1983) Ltd. 2006
- Tel Aviv market report
- Tel Aviv Stock Exchange
- Israeli stocks in NY
- Arbitrage gaps for dual-listed stocks
- Israeli stocks in Europe
- Israeli stocks on other markets
- Tel Aviv 25 options
- Mutual funds
- Current representative shekel rates
- Historical representative shekel rates
- Bank shekel rates
- Shekel/dollar options