Israel’s Bank Hapoalim hires Cubitt for IR work

Cubitt Consulting has been appointed by Israel’s Bank Hapoalim to co-ordinate its investor relations across Europe and the US, marking Cubitt’s fifth Israeli win since it was set up a year ago.

Cubitt Consulting has been appointed by Israel’s Bank Hapoalim to

co-ordinate its investor relations across Europe and the US, marking

Cubitt’s fifth Israeli win since it was set up a year ago.



The account win from Israel’s largest bank, was overseen by Cubitt

partner Noga Villalon.



Cubitt will be retained for a minimum of one year and is the

London-listed bank’s first agency. Bank Hapoalim has a market

capitalisation of pounds 2.6 billion.



Dan Koller, economic assistant to Bank Hapoalim’s chief executive, said

that Cubitt had been engaged in preparation for an eventual sell off of

the Israeli government’s 17 per cent stake in the bank.



’The timing of that will set the tone for everything else. Cubitt will

get information to new and existing shareholders, and find out what they

are looking for from the bank,’ he said.



Cubitt will be assisted in the US by its affiliate agency The Ruth

Group.



Referring to Cubitt’s continued expansion of its hi-tech and financial

accounts in Israel, Cubitt managing partner Simon Brocklebank-Fowler,

said the agency was finding the region particularly active.



Other Israeli accounts won since Cubitt’s inception include: Electra

Consumer Products, BTV.com, Jeru-salem Venture Partners and project work

for Paradigm Geophysical.



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