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Israel Trade & Economic Office, Embassy of Israel

Official Blog Network

Minister of Finance Meets with Senior Executives from BlackRock

Minister of Finance Dr. Yuval Steinitz met today with senior executives from BlackRock, the world’s biggest investment company, which manages approximately USD 3,500 billion. The meeting was also attended by Doron Cohen, Director General of the Ministry of Finance, Prof. Oded Sarig, Director of Capital Markets, Insurance and Savings Department, and Esther Levanon, CEO of the Tel Aviv Stock Exchange.

Today’s meeting is the direct result of a previous meeting that took place some six weeks ago in Frankfurt, where the Minister of Finance attended an economic conference in order to attract international investors to Israel.

In the wake of the meeting, BlackRock is currently examining the launching of financial instruments that will be marketed to international institutional investors interested in taking advantage of opportunities in the Israeli economy.

The Minister of Finance expressed satisfaction with the meeting and said that “the fact that a major investment house like BlackRock is interested in commencing operation in Israel is another indication of the strength of Israel’s economy. We will continue with our efforts to bring more investors to Israel.”