Credit Suisse is adding two new hires to service wealthy Israeli clients, with one joining from rival UBS.
Credit Suisse is hiring Joseph Wolf from Barclay's as the CEO of Israel, effective April 4, finews.com has learned. Wolf has nearly three decades of banking experience during which he developed a strong tech sector focus, highly relevant for his new role in a country that counts as one of the world’s leading technology hubs.
Joining the same day is Udi Oz, becoming the leader of the Israel team based in Switzerland. Oz was most recently at UBS in Zurich where he served wealthy Israeli clients and also worked at Brazilian-Swiss private bank J. Safra Sarasin.
Importance as a Hub
Both will report to Andreea Grob, who is the market area head Israel.
To illustrate the importance of Israel as a hub for intellectual property, a report released today by the European Patent Office (EPO) shows the country ranked 18th in patents filed in Europe last year. Israel filed a total of 1,717 patents with the EPO in 2021, placing it an even more impressive 9th when ranked according to per million of population.
