CTalkRothschild & Co. Israel Head: “High tech will continue to be a major sector for growth”
CTalk
Rothschild & Co. Israel Head: “High tech will continue to be a major sector for growth”
Gerry Livnat, Managing Director of Rothschild & Co.’s Israel office, spoke to CTech at Calcalist’s 2024 Forecasts event about the strength of Israel’s high tech sector.
Gerry Livnat
(Credit: Tal Shahar)
“We are all impacted personally - we're Israelis. But in general, what the bank is trying to do is to support the staff locally, and they do,” says Managing Director of Rothschild & Co.’s Israel office Gerry Livnat, speaking to CTech at Calcalist’s 2024 Forecasts event in Tel Aviv. “We're trying to support our clients. You also look at the economy and where it's headed, and clients are a bit concerned, of course, and that's where we're trying to provide solutions.
Livnat leads Rothschild’s wealth management office in Israel which opened about a year and a half ago, but he says that they’ve been very active in Israel for more than a decade.
Regarding the high tech sector, Livnat says, “I think we still see, of course, a drop in investment, but next year I think we'll also encounter some challenges. But still, the high tech sector is about 54% of Israel’s export, about 18% of GDP, and 12% of the workforce. I think this will continue to be a major sector for growth in this country.”
“We see the strength of the high tech sector; yesterday we saw Intel approving another $15 billion to invest in a plant in southern Israel which is really amazing. So, I believe in the resilience of this people, country and economy.”
You can watch the full interview in the video above.
