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Courtesy of Leumi Group
43

Rakefet Russak-Aminoach

  • Title
    President and CEO
  • Company
    Leumi Group
  • Country
    Israel
  • Age
    52

Russak-Aminoach,CEO of one of Israel’s largest bank’s since 2012, is credited with turning around Leumi’s fortunes with dramatic cost cutting measures that have slashed employee headcount and reduced the number of branch locations. As near-zero interest rates have remained in place, Russak-Aminoach also has turned to technology for growth. The centerpiece of that initiative is Pepper, a mobile-only bank launched last year that Russak-Aminoach now wants to expand into Europe and the U.S. Leumi was nationalized in the early 1980s amid the nation’s bank stock crisis, but Israel completed its privatization of the bank in September, as it sold its remaining 5.4% stake to Citigroup.

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Personal Information

Country
Israel
Previous Rank-
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Company Financials

2017 Profits
882.4
2017 Revenues
4,311.1
Market Value as of 08/30/18 ($M)
10,111.3