Bank Leumi USA is opening a representative office in Herzliya Pituach, Israel, providing private and commercial banking services.

Managing the office will be Yaron Ben Horin. Ben Horin has been with the Leumi Group for seven years, most recently serving as a senior private banker working with international clients in the private banking division at the BLUSA headquarters in New York.

“While firmly grounded in our Israeli heritage and culture, we serve as an important bridge to the global economy, and the US markets in particular. We are confident that opening of the new representative office will allow BLUSA to significantly increase our market share among our customers that are active in the US," said Itzhak Eyal, chief executive of BLUSA.

Bank Leumi USA is a full-service commercial bank that provides financial services to middle- and upper-middle market firms, international businesses, and not-for-profit organisations through offices in New York, Illinois, California and Florida.  BLUSA offers US and international private banking services.