First International Bank Banking Division Head Ron Grisaro Steps Down

Ron Grisaro, Head of the Banking Division at First International Bank, is stepping down after nine and a half years. The bank has not yet announced his successor.

First International Bank Banking Division Head Ron Grisaro Steps Down
Photo: AlexJilitsky / Wikimedia Commons

Ron Grisaro, Deputy CEO and Head of the Banking Division at First International Bank, is stepping down after nine and a half years with the group. The bank has not yet named his successor.

Grisaro joined the group in 2017 as CEO of Metav, the bank's technology arm, and was appointed to the management board in 2020. In his role, he oversaw the branch network, customer service, retail credit, mortgages, payment systems, and small business operations.

Prior to his tenure at First International, Grisaro served as Chief Information Officer at Menora Mivtachim and as Chief Technology Officer at Cal. In 2023, following the retirement of CEO Smadar Barber-Tzadik, he was one of three leading candidates for the chief executive post, alongside Benzi Adiri and Eli Cohen, before the board ultimately selected Cohen.

Upon announcing his departure, Grisaro said: "After nearly a decade with the First International group, I have decided to embark on a new path. I am proud to have been a partner in groundbreaking initiatives and significant revenue growth within the division."

CEO Eli Cohen thanked Grisaro for his contribution, stating that he advanced "significant business and technological initiatives with a profound impact on the group's success and growth over the years."

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