Leon Recanati

This article is about the Israeli businessman and philanthropist. For his grandfather, the banker and philanthropist in Mandatory Palestine, see Leon Yehuda Recanati.
Leon Recanati
Born (1948-05-10) May 10, 1948 (age 76)
NationalityIsraeli
Occupation(s)businessman and philanthropist
Known forco-chairman of IDB Holding
Children3
RelativesLeon Yehuda Recanati (grandfather)
Raphael Recanati (uncle)
Michael Recanati (cousin)
Thomas Kaplan (son-in-law)
Avraham Rakanti (great-uncle)

Leon Recanati (Hebrew: ליאון רקנאטי; born May 10, 1948) is an Israeli businessman and philanthropist.

Biography

Leon Recanati is the son of Mathilda and Daniel Recanati.[1] His father served as CEO of the Israel Discount Bank and along with his brothers, established the IDB Holding Corporation.[2] After completing his military service, Recanati earned a B.A. in economics and an M.B.A. at Hebrew University in Jerusalem.[1] Leon Recanati is married to artist Mira Recanati. They have two children, Daniel and Dafna who is married to American philanthropist and investor Thomas Kaplan.[3][4] Recanati has a younger daughter May from a past relationship with Shula Recanati.[5]

Business career

In 1971, he worked for the Israel Discount Bank – which was founded by his grandfather, Leon Yehuda Recanati. In 1979, he was appointed deputy CEO with responsibility for all branches and marketing. He largely escaped the scandal of the 1983 Israel bank stock crisis.[6] In 1986, he transferred to IDB Holding, the investment side of the family business where he rotated through various chairmanships at Supersol, Delek and Clal, and later served as co-CEO and co-chairman of IDB Holding.[1]

In May 2003, the family sold IDB Holding to Nochi Dankner[7] and divided its assets. With his share, Recanati established Glenrock, an investment company, which he ran with his wife Shula Recanati and Ziv Kop.[7] It has three divisions: GlenRock America assists Israeli businesses in entering the American market and also serves as a conduit for American investors to invest in Israel (headed by Larry Graev); GlenRock Israel invests in local technology companies; and GlenRock Italy advises Israeli businesses in penetrating the Italian market and serves as a bridge for Italian investors interested in investing in Israel (headed by Rony Benatof).[1]

In 2007, he purchased a 50.4% stake (73% total with two minority partners) in the Gmul Investment Company for NIS 600 million more than twice its market capitalization. Gmul had stakes in real estate, hotels, investments, and automotive. It was founded in 1950 by Bank Hapoalim, the Histadrut labor federation and several pension funds then sold to the brothers Jules and Eddy Trump, who listed it on the Tel Aviv Stock Exchange, and then sold in October 2003 to Eyal Yona and Amnon Barzilay.[7] Performance at Gmul deteriorated. Recanati stated: "At this point I can say that buying control of Gmul was the worst deal I have ever made... I cannot invest any more in Gmul, but I hope that we can all work together to find a solution and reach a fair, mutually agreed-upon arrangement."[8] In October 2011, he sold half of his 50.4% investment in Gmul to Itzhak Gvilli for NIS 20 million.[9] He resigned as chairman of Gmul in July 2012.[10]

Philanthropy

Recanati serves as vice chairman of the Israel Cancer Association.[1] He has served as chairman of Tel Aviv University's Development Committee and he also is involved with the Israel Museum and the Tel Aviv Museum.[1] Recanati established the Tapuah program in Israel which established 48 centers in disadvantaged areas and Bedouin, Druze and Arab villages where basic computer and internet training is provided.[1] In addition, he named the Salonika and Greece Jewry Heritage Center in memory of his grandfather, Leon Yehuda Recanati.[11]

References

  1. ^ a b c d e f g Jewish Virtual Library: "Leon Recanati" retrieved May 12, 2013
  2. ^ "Leon Yehuda Recanati". Tel Aviv University/Recanati Business School. Archived from the original on 2013-04-12. Retrieved 2013-02-18.
  3. ^ Robin Finn (10 January 2010). "Coffee for Me, Worms for Her". The New York Times.
  4. ^ "Thomas Kaplan". forbes.com.
  5. ^ Glen Rock Israel website: Management - Dr. Shula Recanati retrieved May 12, 2013
  6. ^ Lipson, Nathan (October 12, 2008). "The Losses of Leon Recanati". Haaretz. Retrieved 24 December 2017.
  7. ^ a b c Haaretz: "The losses of Leon Recanati - He had it all: money, prestige - but the scion of the banking family wanted more" By Nathan Lipson December 10, 2008
  8. ^ Haaretz: "Recanati: 'Buying Gmul was the worst deal in my life' -Leumi is demanding immediate repayment of NIS 5 million in loans" By Michael Rochvarger and Yuval Maoz December 10, 2008
  9. ^ Haaretz: "Recanati Cutting his losses / Recanati sells half his stake in Gmul - Leon Recanati, through his privately owned company Legov, sells 25.2% of the company's stock, representing half his 50.4% stake, along with a share in control to CPA Itzhak Gvilli for up to NIS 20 million" By Michael Rochvarger October 6, 2011
  10. ^ Reuters: GMUL Investment Company Ltd Announces Resignation of Chairman, Mr. Leon Recanati July 30, 2012
  11. ^ Salonika and Greece Jewry Heritage Center http://www.salonikaheritage.com/html5/?_id=14363&did=9267&title=en%7C

Read other articles:

Kalibawang, Kulon Progo

KalibawangKapanewonNegara IndonesiaProvinsiDaerah Istimewa YogyakartaKabupatenKulon ProgoPemerintahan • PanewuHeri Darmawan, A.P., M.M.Populasi • Total33,387 jiwa (2.009-BPS BAPPEDA diupdate 24/06/2.013) jiwaKode Kemendagri34.01.12 Kode BPS3401110 Luas5.296,37 km²Desa/kelurahan- Kalibawang (Jawa: ꦏꦭꦶꦧꦮꦁ, translit. Kalibawang) adalah sebuah kecamatan di Kabupaten Kulon Progo, Provinsi Daerah Istimewa Yogyakarta, Indonesia. Kalibawang merupakan...

 

Daftar kecamatan dan kelurahan di Kabupaten Kepulauan Siau Tagulandang Biaro

Peta Kabupaten Kepulauan Siau Tagulandang Biaro di Sulawesi Utara Berikut adalah daftar kecamatan dan desa/kelurahan di Kabupaten Kepulauan Siau Tagulandang Biaro, Sulawesi Utara, Indonesia. Kabupaten Kepulauan Siau Tagulandang Biaro terdiri dari 10 kecamatan, 10 kelurahan, dan 83 desa. Pada tahun 2017, jumlah penduduknya mencapai 72.203 jiwa dengan luas wilayah 275,86 km² dan sebaran penduduk 262 jiwa/km².[1][2] Daftar kecamatan dan kelurahan di Kabupaten Kepulauan Siau Tag...

 

Perdagangan adil

Untuk kegunaan lain, lihat Perdagangan adil (disambiguasi). Bagian dari seri politik tentangProgresivisme Ide Ide kemajuan Kemajuan ilmiah Kemajuan sosial Pembangunan ekonomi Perubahan teknologi Sejarah linier Sejarah Pencerahan Revolusi industri Modernitas Portal Politiklbs Perdagangan adil adalah gerakan sosial yang bertujuan membantu produsen di negara berkembang menikmati perdagangan yang lebih baik dan memperkenalkan keberlanjutan lingkungan. Anggota gerakan ini mendukung pembayaran harg...

Silver Star (Dubai)

Artikel ini membahas mengenai bangunan, struktur, infrastruktur, atau kawasan terencana yang sedang dibangun atau akan segera selesai. Informasi di halaman ini bisa berubah setiap saat (tidak jarang perubahan yang besar) seiring dengan penyelesaiannya. Silver StarInformasi umumLokasiDubai, Uni Emirat ArabPerkiraan rampung2008Data teknisJumlah lantai40Desain dan konstruksiArsitekAlbert Speer & Partner GmbHPengembangDubai Properties Silver Star merupakan sebuah menara bertingkat 40 di Busin...

 

Fibre optique

Pour les articles homonymes, voir Fibre (homonymie). Fibre optiqueUn faisceau de fibres optiques.Type Fibre de verre, guide d'onde optique (en)CaractéristiquesComposé de Guide d'onde optique (en)modifier - modifier le code - modifier Wikidata Une fibre optique est un fil dont l’âme, très fine et faite de verre ou de plastique, a la propriété de conduire la lumière et sert pour la fibroscopie, l'éclairage ou la transmission de données numériques. Elle offre un débit d'information...

 

Peternakan satwa liar

Musang yang diternakkan untuk menghasilkan kopi luwak Peternakan satwa liar merupakan pemeliharaan jenis hewan yang belum didomestikasi di lingkungan peternakan. Hewan-hewan tersebut dapat dijadikan sebagai hewan buruan atau dipelihara sebagai hewan kesayangan, dijadikan komoditas bahan pangan atau obat tradisional, atau diambil kulit dan rambutnya.[1][2][3] Manfaat yang diakui Beberapa ahli konservasi berpendapat bahwa peternakan satwa liar dapat melindungi spesies ya...

Pemberontakan Yakobus dan Simon

Artikel ini sebatang kara, artinya tidak ada artikel lain yang memiliki pranala balik ke halaman ini.Bantulah menambah pranala ke artikel ini dari artikel yang berhubungan atau coba peralatan pencari pranala.Tag ini diberikan pada Januari 2023. lbsPertempuran Romawi-YahudiPembukaan Pemberontakan Yudas (6 M) Aleksandria (38 M) Pemberontakan Yakobus dan Simon (46 M) Konflik utama Pemberontakan Besar Perang Kitos Perang Bar Kokhba Pemberontakan Yakobus dan Simon merupakan suatu pemberontakan yan...

 

Ursula Goetze

German student and resistance fighter Ursula GoetzeUrsula GoetzeBorn(1916-03-29)29 March 1916Berlin, GermanyDied5 August 1943(1943-08-05) (aged 27)Berlin, GermanyOccupationAnti-Nazi campaignerKnown forExecution at PlötzenseeParentOtto & Margarete Goetze Ursula Goetze (29 March 1916 – 5 August 1943) was a Berlin student and resistance fighter, who participated in political opposition to the Nazi government in Germany.[1] In May 1942, following involvement in a leafleti...

 

Bharti Shiyal

Indian politician from Gujarat state Bharti ShiyalShiyal in 2019National Vice President of BJPIn office2020 - 2023PresidentJagat Prakash NaddaMember of Parliament, Lok SabhaIncumbentAssumed office 16 May 2014Preceded byRajendrasinh RanaConstituencyBhavnagarMember of the Gujarat Legislative AssemblyIn office2012–2014Preceded byBhavanaben MakwanaSucceeded byShivabhai GohilConstituencyTalaja Personal detailsBorn (1964-03-23) 23 March 1964 (age 60)Bhavnagar, Gujarat, IndiaPolitical par...

The Underground Railroad (book)

1872 book by William Still This article is about the 1872 book. For the 2016 novel by Colson Whitehead, see The Underground Railroad (novel). William Still The Underground Railroad Records is an 1872 book by William Still, who is known as the Father of the Underground Railroad. It is subtitled A record of facts, authentic narratives, letters, &c., narrating the hardships, hair-breadth escapes and death struggles of the slaves in their efforts for freedom, as related by themselves and othe...

 

Kennet and Avon Canal

Canal in southern England Kennet and Avon CanalThe canal at Bathampton, near BathSpecificationsLength87 miles (140 km)Maximum boat length72 ft 0 in (21.95 m)Maximum boat beam13 ft 6 in (4.11 m)Locks105Maximum height above sea level450 ft (140 m)StatusOpenNavigation authorityCanal & River TrustHistoryConstruction began1718Date of first use1723Date completed1810Date restored1960s–1990GeographyStart pointBristol(Floating Harbour)End pointReading...

 

コルク

この記事は検証可能な参考文献や出典が全く示されていないか、不十分です。出典を追加して記事の信頼性向上にご協力ください。（このテンプレートの使い方）出典検索?: コルク – ニュース · 書籍 · スカラー · CiNii · J-STAGE · NDL · dlib.jp · ジャパンサーチ · TWL（2017年4月） コルクを打ち抜いて作った瓶の栓 コルク（木栓、�...

University Center (Florida State University)

Group of buildings on Florida State University campus in Tallahassee, Florida, United States University Center FSUGeneral informationStatusActiveArchitectural styleCollegiate GothicLocationUC-A: 282 CHAMPIONS WAY[1] Tallahassee, FloridaUC-B: 288 CHAMPIONS WAY[2]UC-C: 296 CHAMPIONS WAY[3]UC-D: 403 STADIUM DR[4]CoordinatesUC-A: 30°26′20″N 84°18′08″W / 30.438973°N 84.302229°W / 30.438973; -84.302229[1]UC-B: 30°26′13�...

 

Get Your Wings

Get Your WingsAlbum studio karya AerosmithDirilisMaret 1974DirekamDesember 1973 - Januari 1974 pada Record Plant Studios, New YorkGenreHard rockDurasi38:04LabelColumbiaProduserRay Colcord, Jack DouglasKronologi Aerosmith Aerosmith(1973)Aerosmith1973 Get Your Wings(1974) Toys in the Attic(1975)Toys in the Attic1975 Get Your Wings Adalah album kedua dari grup musik rock asal Amerika Aerosmith yang dirilis pada tahun 1974. Daftar lagu Same Old Song and Dance (Steven Tyler, Joe Perry) – 3:5...

 

Gargunnock

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: Gargunnock – news · newspapers · books · scholar · JSTOR (April 2011) (Learn how and when to remove this message) Human settlement in ScotlandGargunnockThe Main Street in GargunnockGargunnockLocation within the Stirling council areaPopulation720 (mid-2020...

Banded stilt

Species of Australian bird in the family Recurvirostridae Banded stilt Banded stilts,Rottnest Island Conservation status Least Concern  (IUCN 3.1)[1] Scientific classification Domain: Eukaryota Kingdom: Animalia Phylum: Chordata Class: Aves Order: Charadriiformes Family: Recurvirostridae Genus: CladorhynchusG.R. Gray, 1840 Species: C. leucocephalus Binomial name Cladorhynchus leucocephalus(Vieillot, 1816) Banded stilt natural range Synonyms[2] Recurvirostra leucoceph...

 

Gibraltar Archives

Gibraltar ArchivesLambang Pemerintah GibraltarPintu masuk Gibraltar Archives di Governor's Lane, Gibraltar.Informasi lembagaDibentuk1969(etc.)Wilayah hukumPemerintah GibraltarKantor pusatGovernor's Lane, Gibraltar36°08′14″N 5°21′14″W / 36.137233°N 5.353913°W / 36.137233; -5.353913Koordinat: 36°08′14″N 5°21′14″W / 36.137233°N 5.353913°W / 36.137233; -5.353913Menteri(etc.)Pejabat eksekutifDennis Beiso, Pengarsip(etc.)Lembag...

 

North Somerset (UK Parliament constituency)

North SomersetCounty constituencyfor the House of CommonsNorth Somerset in SomersetLocation of Somerset within EnglandCountySomersetElectorate78,469 (2018)[1]Major settlementsClevedon, Nailsea and PortisheadCurrent constituencyCreated2010Member of ParliamentLiam Fox (Conservative)SeatsOneCreated fromWoodspring1950–1983Created fromFrome and Weston-super-MareReplaced byWoodspring, Wansdyke and Wells[2]1885–1918Created fromEast SomersetReplaced byFrome and Weston-super-Mare ...

広島県立美術館

広島県立美術館HIROSHIMA PREFECTURAL ART MUSEUM 施設情報専門分野 広島にゆかりのある画家収蔵作品数 5000点余事業主体 広島県管理運営 [イズミテクノ・廣島緑地建設・広田造園共同事業体][1]開館 1968年9月所在地 〒730-0014広島県広島市中区上幟町2-22位置 北緯34度23分59.3秒 東経132度27分58.3秒 / 北緯34.399806度 東経132.466194度 / 34.399806; 132.466194座標: 北緯34度23...

 

University of Shanghai for Science and Technology

Public university in Shanghai, China Not to be confused with Shanghai University of Technology, Shanghai Institute of Technology, Shanghai University of Science and Technology, ShanghaiTech University, or Shanghai Institute of Science and Technology. This article contains content that is written like an advertisement. Please help improve it by removing promotional content and inappropriate external links, and by adding encyclopedic content written from a neutral point of view. (June 2023) (Le...