[1] His father served as CEO of the Israel Discount Bank and along with his brothers, established the IDB Holding Corporation.

[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.

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.

[1] In addition, he named the Salonika and Greece Jewry Heritage Center in memory of his grandfather, Leon Yehuda Recanati.