Tzur Fund Administration, a fund administration services provider based in New York and Tel Aviv, Israel has surpassed $10 billion in assets under management, marking a fourth consecutive year of over 100 percent growth.
Yitz Raab, CEO of Tzur, commented: “We are excited about our continued growth, which is due to our expansion into the US and our strong market leadership in Israel. We expect this growth to continue in 2020 and beyond.”
Additionally, Tzur has made two new hires within its New York office and Tel Aviv office.
Adam Okin has joined the New York office as head of US and business development, focusing on business development both in the US and globally.
Okin joins with 15 years of direct industry experience in financial services and has worked on both the sell side and buy side.
Meanwhile, Shimon Lyons has joined the Tel Aviv operation as chief technology officer (CTO).
At Tzur Fund Administration, he will oversee all aspects of technology at Tzur including the development of new software and integration of existing systems.
Lyons brings with him 15 years in senior technology roles including as a developer at Goldman
Sachs and as a senior team member in an Israeli startup.
Commenting on the appointments, Raab said: “These additions to our team will enable us to expand our reach and enhance our global offering. With the addition of Okin, Tzur will advance its growing client service footprint in the US, while Lyons will help Tzur continue down the path of innovation and market leadership.”
