Full Breakdown
Bank Leumi and Aspire Launch Joint Trust Company for Equity-Compensation and M&A Services
By Drooid · · How we work
Core Event
Bank Leumi has entered a partnership with Aspire to create a new trust company that will manage equity-based compensation plans and provide trust services for mergers and acquisitions. The joint venture will serve businesses across sectors such as technology and high-tech, handling share allocations, stock options, or hybrid arrangements, and holding funds in trust between signing and closing of deals.
Ownership and Structure
Under the agreement, Bank Leumi will hold a 51 % stake in the new entity, while Aspire will own the remaining 49 %. The company will combine Leumi’s banking infrastructure with Aspire’s capital-markets expertise to offer a comprehensive solution to corporate clients.
Key Personnel
The venture will be led by Vanessa Monowicz, who previously held senior roles at accounting firms and the Israel Tax Authority. Hanna Hollander, founder and CEO of Aspire, is also a principal figure in the partnership.
Official Statements & Responses
Omer Ziv, head of the Capital Markets Division at Bank Leumi, described the launch as a continuation of the bank’s strategy to broaden its service portfolio for business clients. The statement emphasizes the intention to leverage Leumi’s experience with publicly traded and privately held Israeli companies to meet the growing demand for professional equity-plan administration.
Verbatim Quotes
- “The establishment of the company is another step in our strategy to expand the range of services we offer business clients,” — Omer Ziv, head of the Capital Markets Division at Bank Leumi
The new trust company aims to fill a market gap previously dominated by private investment houses, offering a bank-backed alternative for managing complex compensation structures and transaction-related trust arrangements.