what functions do the BBs have in remote locations?
hey all, i'm posting it here coz it seems most relevant tho it might also go under any of the other banking-related topics. i'd really appreciate your input on this.
i'm currently a student in israel and i happily noticed that most of the big and good ones (GS, JPM, ML [maybe not that good], ms) all have offices here in israel. but i was wondering what kind of functions/divisions operate here. maybe research? (please god please..)
i was guessing that it's probably mostly asset management but i have no way of knowing this. anybody know what kind of functions one might fill in israel assuming that he got lucky with one of these banks?
thanks a bunch






Most of the banks have tiny
Most of the banks have tiny IB offices in Israel known as relationship bankers. They are not there to execute deals, just to stay in touch with strategic contacts, and to push their way into major capital markets deals.
Most firms have one/two research analysts that cover all the major Israeli firms. Check the research roster for Bezeq for names and firms.
In terms of domestic investment houses, there is Psagot (owned by York Capital), Apex, Yashir, Phoenix, and Migdal.
I interned in one of the above firms, and you need to be fluent in english, hebrew, and one european language (french or german). Also helpful to have good protectsia if you want to run money.
edit: The reason why most banks have offices in Israel, is because their regional offices in the middle east can't easily service Israel and vice versa. Also, Israel is pretty tech/HC heavy, whereas Dubai, etc. is more real estate and capital raising for export to other developed markets.