In the background of the contacts for the sale of Psagot – Psagot’s VP of Securities has left the IBI

Exclusive to Calcalist

Psagot Securities’ VP of Sales (a subsidiary of Psagot that manages assets worth NIS 50 billion), Shai Amir, left the company due to the advanced contacts for the sale of Psagot to the Altshuler Shaham investment house. Calcalist has learned that Amir has been appointed director of the premium department at IBI Portfolio Management.

Amir (54) worked for ten years at Psagot. Prior to his most recent position, he served as the manager of Psagot’s private customers and as the marketing manager of Psagot’s Platinum desk for clients with great financial wealth and senior clients in Israel, and previously as the director of the financial department of the Shekel Group.

Alon Dori, CEO of IBI Portfolio Management, stated that “Shai joins us as the director of the premium department out of a decision to further strengthen the field by expanding the professional team.”

IBI also manages NIS 30 billion in asset management for companies and institutions. The company plans to expand this area of ​​activity, when it only recently announced the acquisition of the portfolio management company ‘Talent’, which manages NIS 1.2 billion.

We will also mention that these days the deal for the sale of IBI shares in the investment house Hellman Aldubi to Phoenix is ​​complete, in a deal that is supposed to yield IBI Capital gain Of close to NIS 40 million. This transaction will provide IBI with liquidity to make additional purchases, and it is one of those interested in purchasing certain properties from Psagot.

As mentioned, advanced contacts are currently being made for the acquisition of Psagot by Altshuler Shaham at a value of NIS 1 billion. Altshuler Shaham is mainly interested in Psagot’s provident activities, and will probably sell the other activities to other players. Of peaks will be absorbed, and it seems that some are already looking for other jobs in the capital market.