Her name is Rakefet Russak-Aminoach, and she is the CEO of the Leumi Group – that is Bank Leumi. And on its annual ranking of most powerful women in Europe, the Middle East and Africa, Fortune magazine has named her the 23rd most powerful woman.
Fortune Magazine lists the top 25 in the world.
Bank Leumi is Israel’s second-largest lender. And it was only in 2012, that Rakefet took the helm. Her predecessor was Galia Maor who served 17 years in the post.
The first on the list was the Executive Chariman, er, chairperson of Spain’s Banco Santander – Ana Botín.
Bank Leumi was founded in London as the Anglo Palestine Company on February 27, 1902, by members of the Zionist movement to promote the industry, construction, agriculture, and infrastructure of the land that was to become the State of Israel.
Bank Leumi was technically nationalized in 1981, but it is mainly in private hands, with the government as the largest single shareholder, with 14.8% of the stock (as of June 2006). The other major shareholders are Shlomo Eliyahu and Branea Invest, which each hold 10% of the stock, constituting the control core of the bank. Sixty percent of the bank’s stocks are held by the public and traded on the Tel Aviv Stock Exchange.