Shai in the Avd, Who served until last May as Director General of the Ministry of Finance for nearly 5 years (during Moshe Kahlon’s term as Minister of Finance), will manage the business of the businessman Moti Ben Moshe in Israel. Babed will take up the post in early June, after his cooling-off period ends.
Last November, it was revealed in Globes that against the background of the renewed boom in the IPO market in Tel Aviv, Extra Israel, Ben Moshe’s private holding arm, is expanding its activity in the capital market. The company develops activities of underwriting and managing issues, raising capital and debt, investment banking and consulting.
At the same time, Ben Moshe announced that he is also investing in a hedge fund, which will engage in a variety of stock trading strategies, bonds and derivatives. This activity is in addition to the large-scale investment activity that already exists in Extra.
The underwriting activity will be carried out through ExtraMile Underwriting, which will be established and managed by Gilad Shimoni. Shimoni, co-founder and CEO of ExtraMail Underwriting, has more than 20 years of experience in the capital market. In his most recent position, he re-established and managed the underwriting activities of Leumi Partners.
Through the Extra Group, Ben Moshe also owns full ownership of the company Blue square oak, Which controls the gas stations and convenience stores Dor Alon, the real estate company that produces Blue Square real estate and the Naaman chain of stores. It can be assumed that the new underwriting company will now manage all the issues of the companies that Ben Moshe controls in Israel.