Hong Kong-Based Investment Bank Ion Pacific to Launch Israeli Outpost

Ion Pacific plans to invest at least $100 million in the Israeli market in the next 12-18 months, says founder and co-CEO Itamar Har-Even

Amarelle Wenkert 18:5805.03.18
Hong Kong-based investment bank Ion Pacific Ltd. is set to launch its Tel Aviv outpost on Wednesday. Eran Zack, formerly head of investment banking at Poalim Capital Markets (PCM), a subsidiary of Bank Hapoalim, Israel’s largest commercial bank, will manage Ion Pacific’s activity in Israel.


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Founded in 2015 by Michael Joseph and the Israeli-born Har-Even, Ion Pacific employs a 25-person team in offices in Hong Kong, London, and now Tel Aviv. It invests in companies directly, and also supplies financial consulting services, emphasizing a connection between Asian markets and other global markets.
Ion Pacific co-CEO Itamar Har-Even. Photo: PR Ion Pacific co-CEO Itamar Har-Even. Photo: PR


According to Mr. Har-Even, Ion Pacific began its activity in Israel late last year and has invested approximately $45 million locally to date. Ion Pacific has invested $15 million in fintech startup Credorax and approximately $30 million in two unnamed local venture firms, Mr. Har-Even said.


“The interest in Israeli technology and intellectual property was absolutely massive, and for us, it made a ton of sense to do more and more work here,” Ion Pacific Founder and co-CEO Itamar Har-Even told Calcalist in an interview Monday.


Mr. Har-Even characterized the company’s activity in Israel as “a bridge in and out of Asia.”


According to Mr. Har-Even, Asian interest in Israel is directed at deep technology in fields such as artificial intelligence, big data analysis and data storage, highly complex communication technologies, robotics, biotech, and clean energy.
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