XIO Group: Renowned leader in private and public sectors, Aharon Fogel has been nominated as designated Chairman of Meitav Dash

XIO Group, a growth-oriented alternative investments and private equity firm headquartered in London, has informed Meitav Dash, the second largest asset manager in Israel, currently controlled by the Stepak family and BRM, that it has signed a Memorandum of Understanding with Aharon Fogel to be the new Chairman of Meitav Dash after completion of the acquisition of the investment house. The transaction is subject to regulatory approval.