YES Bank a private sector lender and Poalim Capital Markets, a leading Israeli investment bank and a part of Bank Hapoalim B.M inked a co-operation-agreement to offer advice to Indian and Israeli firms on cross-border deals.
As per this agreement YES Bank and Poalim Capital Markets will able to provide their combined expertise, strong local knowledge and excellent corporate relationships to open up mergers and acquisitions, joint ventures, equity raises and merchant banking opportunities for their respective clients. This will help in increase the investment flow in the Indo-Israeli corridor.
YES Bank's Managing Director and CEO Rana Kapoor said, "This alliance with Poalim Capital is another step forward in our commitment towards the Indian and Israeli business corridor. This privileged partnership will enable us to further enhance our investment banking services and facilitate overall development of both the nations through strategic interventions."
Poalim Capital Markets's CEO and President Amir Aviv said, "In our strategic plan for 2010, we marked India as an important geography to expand our investment banking capabilities, and after careful consideration of various alternatives we decided to join forces with Yes Bank."
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