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Bank Leumi and Aspire Launch Trust Services Joint Venture

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Story summary
  • Bank Leumi and Aspire launched a joint venture, with Bank Leumi holding 51% ownership.
  • Aspire retains the remaining 49% stake.
  • The venture will provide trust services for technology and high-tech firms, including equity-based compensation plans.
  • Aspire founder Hanna Hollander and Bank Leumi’s Omer Ziv said the venture expands their strategic reach.
  • Vanessa Monowicz will manage the joint company, bringing accounting and tax authority experience.