Mark Frucht Email & Phone Number

Greater New York City Area

CFO covering Finance and Treasury for Bank Hapoalim's USA activities.

• Member of Leadership Team of NY office running US operations and active participant in committees covering compliance, risk, liquidity, pension/401(k) and balance sheet management. Director on subsidiary Boards.• Responsible for financial controls, regulatory reporting, tax, business partnering and product control, which oversees the trading room.• Had responsibility to manage London financial control team along with NY finance operations and created opportunities for synergies, consistencies and sharing of best practices across the regions.• Balance global reporting lines with visibility of stand-alone US operations.• Actively addressed staff opportunities, development and issues including rebuilding and reorganizing teams in NY and London to close the gap on inefficiencies and a lack of a robust financial control infrastructure. • Invited to join global Financial Management team with colleagues in Australia, the UK and New Zealand. Active contributor to global finance initiatives leading those that impact NY, staff reviews, talent management and improvement of processes including driving a shorter global month-end close.• Regulatory Change – addressed Dodd Frank Act, FATCA and OCC focus on level of funds raised in the US and on-lent offshore.• Directly responsible for large deferred tax asset and ensuring businesses globally use this asset through frequent communications and working groups, as well as getting our external auditors across the line on the asset valuation.• Coordinate the flow of the global bank’s long term funding needs through NY, including ensuring bank regulators understand the transactions and have no objections.• Analyzed and recommended lowest cost and most efficient solution for new office lease.• Implemented new general ledger coming in one-third under a $2 million budget.• Kaizen Champion driving efficiency improvements.• Actively participate in Bank’s Mentor program, taking on mentees in Australia, New Zealand and NY.

• Member of senior management team running the bank’s US operations with direct responsibility for Accounting, Finance and Treasury Operations. • Active chair or participant in committees including ALCO, regulatory compliance, new products, IT steering, operating loss, Community Reinvestment Act, pension/401(k), operational risk and Sarbanes Oxley disclosure.• Responsible for general financial management, budgeting, financial and regulatory reporting, accounting policies and procedures, internal controls, management information systems, strategic planning and treasury operations.• Realigned staff to promote opportunities and to address specific manager issues, with little interruption on quality and delivery of commitments.• Counseled management on control and profitability issues and solutions. Integrated expansion of products including mortgage backed securities, securitization and credit derivatives with minimum staff increases.• Due diligence and subsequent integration of acquired broker-dealer to expand Bank’s US business. Focus on pricing, tax risk and return opportunities.• Led the implementation of Sarbanes Oxley 404 internal control documentation and testing infrastructure to meet home office regulator requirements by 2008.• Led the real estate analysis and participated in negotiations for Bank’s office space needs with lease expiring.• Promoted from First VP to Senior VP ten months after joining.

• Three different roles: Manager of the Financial Reporting & Analysis and Asset & Liability Management teams and active part of Accounting Technical Services (Policies) team across more than six years. • Progressive growth throughout the three roles that supported a 3,000-staff business in the US.• Integration of large broker-dealer purchased in New York, ensuring smooth migration to offshore head office financial reporting requirements.

• Manager of team responsible for management reporting, profit and loss analysis, cost accounting and budgeting for a $40+ billion commercial bank, investment bank and other subsidiaries involved in corporate lending, fixed income and equity businesses. • Coverage grew to include both North and South America.

Planned and coordinated audit engagements with new and experienced staff, management and senior levels of client personnel for public and private companies with domestic and international operations. Clients in the financing, leasing, consumer products, telecommunications and oil industries.

Bs, Applied Economics And Management

Activities and Societies: Alpha Epsilon Pi; Treasurer

Ms, Accounting