Psagot

Psagot

Founded in 1963, Psagot is the longest-operating investment house in Israel, originally built on a banking heritage that has since evolved into a broad-spectrum asset management and brokerage platform. The firm spent years under the control of Apax Partners before being acquired by Altshuler Shaham, a move that folded Psagot into a significantly larger independent manager serving Israeli institutional and retail clients. The firm's service architecture spans three core lines: an institutional brokerage desk that executes across equities and bonds domestically and abroad, a self-directed trading platform branded Psagot Trade, and a specialized equity trust and escrow unit that handles complex real estate transactions, employee stock-option plans under Section 102, and SPV administration. Its brokerage team works in tandem with an in-house research department to service Israel's largest institutional investors, while the digital platform targets active retail traders seeking access to local and international exchanges from a single interface. Psagot does not publicly disclose total AUM. The firm operates its self-directed trading and institutional brokerage desks from Tel Aviv, supported by a trust-services division that administers real estate escrows, corporate SPVs, and equity-based compensation plans. In 2022, Altshuler Shaham completed its acquisition of Psagot from Apax Partners (per Globes, 2022), integrating the investment house into a platform that now commands over 200 billion shekels in combined assets. What distinguishes Psagot structurally is its position as a full-service investment house nested inside a dominant independent manager. While most Israeli asset managers focus on either institutional mandates or retail distribution, Psagot combines an institution-grade brokerage desk, a mass-affluent trading platform, and a trust-and-escrow operation that serves corporate Israel's most sensitive transactions—creating a cross-subsidized model rare in the region.