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The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
About
The Challenge
A Global Overview
The City TLV Solution
People
The Potential of Israel
Our Offer
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
City TLV is a partnership for the promotion of Greater Tel-Aviv
as an International Financial Center.
Formally registered in 2013 (NGO No. 58057219)
Creates an overall framework for the financial industry
Will promote the industry internationally
About
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
About
The Challenge
Solution The City TLV
People
Global Overview
The Potential of Israel
Our Offer
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
The Israeli economy and its resilience enjoy wide recognition worldwide. Yet, the financial services industry of Israel is far from realizing its huge capabilities.
Hence, we loose substantial potential:
Leverage for new economic growth
Advanced financial solutions for other business sectors
Jobs of high quality and income
An attraction for professional new immigrants and returning Israelis
The Challenge
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
About
The Challenge
The City TLV Solution
People
A Global Overview
The Potential of Israel
Our Offer
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
Cities, not countries, lead today’s global
competition.
In particular, as financial and cultural centers.
What is an International Financial Center?
A focal point for competitive financial services, in which
transactions take place among parties even if they are not
directly related to its geographic location.
A Global Overview: Cities Are the Name of the Game
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
A useful classification of Financial Centers:
A Global Overview: Classification of Financial Centers
Global International Specialized
Provide all services to
all markets
Provide most services,
with a strong regional
focus
Focus on one or two
niche services
Examples: London,
New York, Singapore,
Hong Kong
Examples: Geneva,
Frankfurt, Chicago,
Shanghai, Dubai
Examples: Zurich,
Shenzhen, Kuala
Lumpur
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
Examples of cities that have made the leap:
A Global Overview: Cities that have Made It
Sydney, Australia Geneva, Switzerland
Ranked 15th by GFCI*
Regional Focus, Australia and SE Asia
Ranked 8th by GFCI
Specialized: Fund Management
Kuala Lumpur, Malaysia Vancouver, Canada
Ranked 22nd by GFCI
Specialized: Islamic Financing
Ranked 19th by GFCI
Regional: SE Asia
* Global Financial Centers Index, Published every 6 months by Z/yen, London
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
"Created in 2010, we support the whole of the sector, promoting UK financial services at home and overseas and playing an active role in the regulatory and trade policy debate. "
"JERSEY FINANCE is a non-profit making organization formed in 2001 to represent and promote Jersey as an international financial center of excellence. We are funded by members of the local finance industry and the States of Jersey government.”
A Global Overview: Similar NGO’s
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
About
The Challenge
Our Solution
People
Global Overview
The Potential of Israel
Our Offer
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
The Potential of Israel: an Available Space
space for actionPotential Source: GFCI
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
The geographical space in which Is Israel enjoys advantages in
time zones, culture, languages, transparency and regulations
include:
Former Soviet Bloc Countries
Europe, with a focus on Central and Eastern
Central Asia
Africa
The Potential of Israel: an Available Space
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
Financial Technology (FinTech)
Fund Management – Jewish and other investors
High-Tech Financing
International Legal and Audit services
R&D Investments, both public and private
Project financing in Frontier Markets
Trusts/fiduciary management
Social Investments
The Potential of Israel: Specialty Focus Sectors
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
The Potential of Israel: Current Growth Sectors
Financial Technology
Hedge Funds
Private Equity Funds
Family Offices
Mezzanine Funding
Foreign Banks
Foreign Law and Accountancy Firms
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
Tel-Aviv - TLV is an internationally recognizable brand name.
Its main advantages:
Tel Aviv is the leading financial center of Israel
An independent brand name, somewhat remote from Israel’s
Greater Tel-Aviv is made up of financially-sound municipalities
Therefore, it is appropriate for Greater Tel-Aviv to lead such a national endeavour.
The Potential of Israel: City Branding
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
A combination between a Regional Financial Center
and a specialized one:
The Potential of Israel: A Specialty-Regional Center
FINTECH
Fund Management
High-Tech Financing
Legal & Audit Services
R&D Investments
Project Financing
International Trusts
Social Investments
Former Soviet Union States
Central Asia
Central & Eastern Europe
Africa
T
L
V
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
Human capital of high professionalism and diversification
International lifestyle, a dynamic cultural hub.
Proximity to European and Central- Asian time zones
Ranked 32 in the latest GFCI (September 2013)
Sunday is a trading, as well as a regular, work day
High resilience in times of global crisis
Wide use of English and other foreign languages
The Potential of Israel: The Advantages of Greater TLV
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
Israel is already dubbed as the “Start-up Nation”.
The municipalities of greater Tel-Aviv are implementing special policies to attract entrepreneurs and start-up companies, by:
Supporting technological incubators and hubs Favourable municipal tax and visa schemes
International conferences, such as DLD and Cities Summit
Promotional campaigns overseas
New hubs for Fintech
The Potential of Israel: Dubbed as the "Start-up Nation”
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
X The geo-political situation of Israel
X Tel-Aviv is not yet widely recognized as a global financial center
X Regulatory and Tax issues
X Infrastructure – a problematic public transport system,
shortage of high quality business hotel rooms
X So far, there has been no well coordinated and unified effort
by all stakeholders, no mechanism with a clear task to
promote the financial services industry worldwide.
The Potential of Israel: The Challenges
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
About
The Challenge
The City TLV Solution
People
Global Overview
The Potential of Israel
Our Offer
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
To create a world-class hub of selected financial services in Tel Aviv;
To expose Israel and Tel-Aviv as a center of financial and professional services of the highest quality;
To promote exports of financial services from Israel and to attract foreign investments;
To encourage collaboration among governmental ministries, regulatory institutions, municipalities with the private sector;
To compile, maintain and publish databases and research;
To encourage innovation in the financial sector;
To represent the financial services industry in international forums;
To create business opportunities for its members.
The City TLV Solution: Objectives
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
A shared platform for all stakeholders: the private sector, regulators, government ministries, local government
Leverage existing competitive advantages
Monitor and measure results; development of success indexes such as GDP, employment, international rankings
Inclusion of all the region, as well as the periphery, in the fruits of success.
The City TLV Solution: Core Values
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
Identify and define specialty services that are competitive internationally
Launch a marketing and branding campaign, including publicity, delegations, conferences
Initiate legal reforms in regulations, tax policy, international treaties
Develop human resources by advanced education, specialty training
Strengthen the physical infrastructure; launch a feasibility study for a financial services campus
The City TLV Solution: Work Program
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
Private sector trade associations
Government ministries: PM, Finance, Economy
Regulators: Capital Markets, ISA, Anti-Trust, Bank of
Israel
The Tel-Aviv Stock Exchange
Municipalities: Tel-Aviv, Ramat-Gan, Herzliya, Raanana,
Rishon Le-Zion, Holon, Givataym, Bnei Brak, Bat Yam.
The business and financial media
The City TLV Solution: Natural Partners
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
The number of employees in financial services
Exports of financial services
Foreign Direct Investment (FDI) in the industry
Number of international corporations with permanent
presence in Tel Aviv
International rankings
Number of dual-listed companies
The City TLV Solution: Measurements of Success
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
About
The Challenge
The City TLV Solution
People
Our Offer
Global Overview
The Potential of Israel
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
Shmuel Ben-Tovim, President. Director Ben-Tovim Consultants Ltd.
Inbal Peleg, Managing Director
Ran Alon, CFO, P2W from Pollution to Water Ltd.
Judith Ben-Tovim, Owner, Sustainable Architecture & Design
Jennifer Janes, immediate past Executive VP & Group’s Corporate Secretary, Leumi Group
Amir Hoshia, Managing partner at Whiteboard Group, immediate past Senior VP for Planning & Strategy, Paz Oil Group
Carl Kaplan, Managing Director, KIEDF – Economic Development Funds
Pinchas Landau, a leading analyst and commentator on Israeli financial affairs
Assaf Luxembourg, Manager, Business Development - Financial Clients, BDO
Elad Man, Co-Founder and Managing Director, Man-Barak Advocates
Ram Rosen, AVP Corporate Development and IR Manager, Allot Communications
People: The Founders of City TLV
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
About
The Challenge
The City TLV Solution
People
Our Offer
Global Overview
The Potential of Israel
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
All involved in the financial and professional services
industries are invited to join
Members are welcome to all our programs and
promotional activities worldwide
For further details:
www.city-tlv.org
Our Offer: An Invitation
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
International business opportunities
Influence on decision making
Exposure in our website and publications
Professional advancement
Branding
Internal networking
And more...
Our Offer: Benefits of Membership
The partnership for the promotion of Greater Tel-Aviv as an International Financial Center
Thank You !
www.city-tlv.org