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EFG International names former Credit Suisse employee as Israel CEO

Logo of EFG International bank is seen at its headquarters in Zurich

ZURICH (Reuters) -EFG International on Monday said it had opened an office in Tel Aviv and appointed former Credit Suisse employee Joseph Wolf as chief executive of the Swiss private bank's Israel subsidiary.

"In his new role as CEO of EFG Wealth Management (Israel) Ltd, Joseph Wolf will work alongside Michael Dadoun, who has been appointed as Head of Private Banking Israel," EFG said.

Wolf and Dadoun both joined the Swiss bank in September from Credit Suisse, it said. Reuters in June quoted sources familiar with the matter saying that the two would move to EFG.

Their team at the new wealth management advisory business in Israel includes three client relationship officers and one investment counsellor, EFG said.

(Reporting by Noele Illien; Editing by Rachel More and Edmund Klamann)