Bank Hapoalim Real Estate Head Retires After 45 Years, Successor Named
Translated & summarized from Bizportal by baba
Clara Tzabar'gal, head of Bank Hapoalim's Real Estate Sector, is retiring after 45 years with the bank. Eyal Gilead, currently manager of the Jerusalem Business Center, will replace her. Tzabar'gal has led the sector since 2004, overseeing credit for major real estate clients. Gilead, with 23 years at the bank, has experience in business and real estate financing.
The story in 5 lines · by baba
- Clara Tzabar'gal is retiring from Bank Hapoalim after 45 years, stepping down as head of its Real Estate Sector.
- Eyal Gilead, currently manager of the Jerusalem Business Center, will succeed Tzabar'gal as head of the Real Estate Sector.
- Tzabar'gal has led the Real Estate Sector since 2004, managing credit for major clients and financing various property types.
- Gilead has 23 years of experience at Bank Hapoalim, including managing business clients and financing real estate projects.
- Bank CEO Yadin Anatabi praised Tzabar'gal's role in shaping the Israeli real estate industry through her financing work.
Clara Tzabar'gal, 68, who has led Bank Hapoalim's Real Estate Sector for nearly two decades, announced her retirement after 45 years with the bank. Since 2004, Tzabar'gal has been responsible for the bank's credit activities with major real estate clients, financing projects in residential, commercial, income-generating properties, and hotels. Her role involved supporting companies and entrepreneurs, leading financing deals, and managing credit risks in the sector.
She will be succeeded by Eyal Gilead, 50, currently the manager of the Jerusalem Business Center. Gilead, who has been with Bank Hapoalim for 23 years, currently manages a unit in the business division that serves hundreds of medium-sized businesses across trade, industry, and services. A significant part of his current center's activity includes financing real estate projects nationwide.
Gilead's previous roles include strategic advisor to the head of the business division, senior client relations manager at the Tel Aviv Business Center, and manager of credit analysis at the business division headquarters. He holds a master's degree in business administration with specializations in finance and marketing from the Hebrew University and a bachelor's degree in business administration with specializations in accounting and capital markets from the College of Management.
Bank Hapoalim CEO Yadin Anatabi thanked Tzabar'gal, calling her a "central partner in the financing and advancement of projects that shaped the Israeli real estate industry." Shmulik Arbel, Deputy CEO and Head of the Business Division, highlighted her experience and deep understanding of the sector. Tzabar'gal stated her decision to retire was to dedicate more time to her family and pursue new endeavors, expressing mixed emotions about leaving the bank.
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