International clients and private banking customers at Israel's largest bank,
, are soon to benefit from services to be provided investment manager and consultancy Frank Russell. The two parties on Wednesday signed an agreement to that effect.
The U.S.-based Frank Russell manages close to $66 billion. A statement published by the bank says that in the coming months, Frank Russell will also assist in setting up a global asset management network for Bank Hapoalim.
Hapoalim plans to establish an asset management company in London. Bank Hapoalim has increased its private banking activities, and on Tuesday launched a six-branch investment bank named Signature for its American clients.