Endbank, a veteran of private banks in Europe, and Clarity Capital announced the merger of asset management activities in Israel

Tel Aviv, Andorra – May 25, 2022 Andbank, which specializes in private banking, and Group Capital Clarity, a global asset management group, today signed an agreement To merge Sigma Investment House’s activities with Capital Clarity. The new company will be jointly owned by the two groups. The agreement is subject to regulatory approval in Andorra and Israel.

Capital Clarity and Sigma Investment House offer complementary financial services. While Capital Clarity specializes in wealth management and alternative investments, Sigma Investment House, owned by Andbank, specializes in providing a variety of financial services. The merger of the companies’ businesses will create a new significant player in the Israeli asset management industry.

Right: Yair Shani, Alberto Grofenkel and Amir Leibowitz (Photo: Nava Tarsi)

Carlos Aso, CEO of Andbank He said: “We see Israel as a strategic market that has strengthened financially in recent years. Andbank wants to continue to deepen its footprint in the local market and expand its operations in it. We are happy for the right and appropriate partnership for us with Capital Clarity and look forward to the opportunities the merger brings.”

Alberto Garfunkel, Chairman of Sigma Investment House He said: “Sigma Investment House has grown significantly over the past few years and strengthened our position in Israel. In our strategic journey to increase this momentum, we found the Capital Clarity Group as one of the best investment companies in Israel and the best partner for us. We will create a comprehensive investment platform for our clients, which will provide solutions and services at the highest level. “

Amir Leibowitz, CEO of Capital Clarity He said: “We are very excited about the merger we are announcing today. Joining forces with Andbank – an established player with a long tradition, will allow us to leverage the unique capabilities of Capital Clarity to provide exceptional value to our clients, The kind you only see in private banks in Europe.”

Capital Clarity will continue to manage the Group’s wealth management activities, taking advantage of this merger. The merger was accompanied by the law firms ERM and Herzog Fox Ne’eman.

From the right: Amir Leibowitz, Alberto Grofenkel and Yair Shani (Photo: Nava Tarsi)From the right: Amir Leibowitz, Alberto Grofenkel and Yair Shani (Photo: Nava Tarsi)

Source: Maariv.co.il – כלכלה בארץ by www.maariv.co.il.

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