Team8 Fintech will focus on founding, investing and growing fintech companies, the company says; Team8 sets up cyber and data companies, and has a VC arm

The 48-year-old, a director at Leumi since 2014, becomes first Arab chairman at an Israeli lender

Three leaders of the five main banking groups are stepping down, with a 2016 law capping wages in the financial sector among the reasons top talent is turning to other sectors

Russak-Aminoach has navigated the bank through job cuts, orchestrated the sale of its credit card unit and reached a $400 million settlement with US regulators