Citi closing Israel research department

Tel Aviv Stock Exchange Photo: Eli Yizhar
Tel Aviv Stock Exchange Photo: Eli Yizhar

The closure reflects lack of interest by foreign investors in the Tel Aviv Stock exchange.

International investment bank Citi is closing down its Israel research and analysis operations. Citi operates a small department in Israel with two analysts and its closure reflects lack of interest by foreign investors in the Tel Aviv Stock Exchange (TASE). Citi will continue to cover the shares of major Israeli companies through analysts based overseas.

Published by Globes, Israel business news - en.globes.co.il - on June 19, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

Tel Aviv Stock Exchange Photo: Eli Yizhar
Tel Aviv Stock Exchange Photo: Eli Yizhar
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