London Stock Exchange Group (LSEG) announced on Thursday that ELITE, its international programme for ambitious high growth businesses, has signed a Memorandum of Understanding with Bank Hapoalim, Israel’s leading financial services group.
ELITE and Bank Hapoalim will collaborate to support the development of Israeli high growth businesses and promote ELITE in Israel.
The memorandum of understanding was announced as LSEG hosts its first Capital Markets conference in Israel, bringing together UK and Israeli senior politicians, business bodies, the advisory and investment community, along with the CEOs of some of the fastest growing Israeli companies.
UK International Trade Minister, Mark Garnier MP said: “The UK and Israel are both open, dynamic and entrepreneurial societies, making us natural partners”, stating that the conference “is another example of our two countries working together to promote business growth, innovation and job creation across both of our economies”.
He added: “Congratulations on the expansion of LSEG’s business support programme, ELITE, partnering with one of Israel’s leading banks, Bank Hapoalim, to expand ELITE across Israel. It is inspiring to see 29 Israeli companies listed on London Stock Exchange, testament to the UK’s ability to support Israel’s growth story. As the world’s most international financial centre, always open for business, London is committed to backing Israel’s ambitious companies”.
Three Israeli companies are already part of ELITE’s community of more than 400 companies from across 23 countries. These are social trading platform, eToro, peer-to-peer lender, Blender and the world’s first cloud-based video creation and production company, Showbox.
During his visit to Israel and the West Bank, he opened ‘London Street’ in Tel Aviv with Britain’s Ambassador to Israel, H.E. David Quarrey, and visited the first Palestinian planned city, Rawabi.