Head of Banking Division at Bank Leumi Retires

In depth

Ron Grisaru, deputy CEO and head of the retail division at Bank Leumi, announced his retirement from his position after nearly a decade with the group. He joined the group in 2017 and was appointed deputy CEO six years ago. The retirement joins other upheavals in the sector, including the sale of One Zero shares and Revolut's entry. Eli Cohen, CEO of Leumi, said Grisaru advanced significant business and technological initiatives with a major impact on the success and growth of the group over the years.

At the start of his time with the group, in 2017, Grisaru joined as CEO of Mataf, the bank's technology company. In 2023 he was among the leading candidates for the CEO position, to which Eli Cohen was ultimately elected.

The retirement announcement comes amid the departure of other senior executives in the banking sector. Grisaru chose to set out on a new path after a decade at Leumi, and no further details about his next steps were provided.