Yifat Oron, who was CEO of Bank Leumi’s LeumiTech unit for seven years, was named head of a new Israel office of Blackstone, the giant U.S. investment firm said on Sunday.
Oron will lead growth and high-tech investments in Israel for the company’s Blackstone Growth unit and assist with other investing efforts across the firm. She will hold the title of senior managing director.
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Dan Gillerman, the former Israeli ambassador to the United Nations who has served as Blackstone’s senior adviser in Israel since 2013, was named chairman of Blackstone Israel with the establishment of Blackstone’s new office in Tel Aviv. Until now, Blackstone has made only a few small investments in Israel.
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“We are increasingly focused on investing in fast-growing sectors, such as technology, life sciences and the digital economy,” said Blackstone chairman and CEO Stephen A. Schwarzman. “Israel is one of the most promising markets in the world in these areas and Yifat is the perfect choice to scale our firm’s presence and investments there.”
Oron has been a tech investor and executive in venture capital, banking and consulting. More recently she competed unsuccessfully for the job as head of the government’s Israel Innovation Authority.