Bank Leumi USA has appointed Michael Zaremsky as the new head of its private banking business in the US.

Zaremsky, who has been working at the bank since 2017, will now be tasked with managing the regional US private banking teams.

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He will also have to ensure cooperation between the private banking and commercial banking units.

Zaremsky has experience in fixed income, equity and asset allocation solutions.

Earlier, Zaremsky served as the regional head for private banking in New York at Bank Leumi USA.

His financial career of over two decades also includes stints at Lazard Asset Management as well as Goldman Sachs Asset Management.

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Bank Leumi USA chief banking officer Shawn McGowen said: “Michael has already done a tremendous job of fostering collaboration among teams and, in so doing, has continued to deliver on our commitment to providing all of our clients with high-touch service.”

“As he assumes leadership of our U.S. Private Banking business, we are confident that he will be instrumental in further integrating our offerings so we can provide the most value to our clients.”

Bank Leumi USA tends to both domestic and international clients, offering them private banking services.

Leumi Investment Services, the brokerage arm of the bank, provides securities and insurance products.