Яир Левинштейн

Altshuler Shaham CEO Yair Levinshtein is investing 180 million shekels to take control of the firm, comparing the move to his 2009 post-crisis strategy. Meanwhile, Profit agency CEO Assaf Banai announced plans to weigh entering product manufacturing for long-term savings.

Co-founders Gilad Altshuler and Kalman Shaham are selling a 55% stake in Altshuler Shaham Finance's provident and pension funds for 1.1 billion shekels to WeSure and Yair Levinstein.

Following a major ownership shakeup, Altshuler Shaham executives held an emergency webinar to reassure insurance agents. WeSure and CEO Yair Levinstein acquired controlling stakes in the finance arm, while founders retain private operations.