Ilan Kaufthal Selected As Chairman of IDB Bank’s Board of Directors

NEW YORK, March 21, 2019 /PRNewswire/ — Israel Discount Bank of New York’s (IDB Bank®) Board of Directors today announced it has elected Ilan Kaufthal as Chairman, effective immediately. Jake Berman retired as Chairman of the Board on March 12. IDB Bank is amidst executing a five year strategic plan that will result in company-wide transformation. Key areas of focus are: growth through expertise, infrastructure improvements, and culture change. The results are progressing ahead of plan, which is evident in the 2018 results with a record year for the Bank with $96 million in net income and a return of equity ...

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