Phoenix Group: Leading Through Crisis
In June 2025, just one day after the U.S. formally joined the regional conflict, Herrick partner Yariv Ben-Ari, co-chair of the firm’s Israel Practice Group, sat down with Menachem (Meni) Neeman, Deputy CEO and Chief Legal Counsel of The Phoenix Group—Israel’s largest financial institution—for a candid conversation on leadership under wartime conditions.
Neeman describes how Phoenix has responded to legal ambiguity, capital market volatility, and workforce disruption caused by emergency military mobilization, school shutdowns, and closed airspace. Despite these challenges, Israel’s financial sector continues to function with resilience, and Phoenix maintains operational continuity while reassessing exposure and securing liquidity.
The conversation reveals not only the mechanics of navigating instability but also the emergence of new strategic opportunities amid crisis. It is a powerful account of institutional resolve, leadership under fire, and the forward drive of Israel’s capital markets.
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