NEW YORK & CHICAGO--(BUSINESS WIRE)--Leumi, the U.S. subsidiary of the Leumi Group, today announced it has promoted Paul Letourneau to Deputy Head of Commercial Banking. With this promotion, Letourneau will relocate from Chicago to the bank’s New York office. In Chicago, Marty Koutsky will take over Letourneau’s position as Regional Executive.
“We pride ourselves on recognizing and growing talent from within our organization, and we are excited to be promoting both Paul and Marty,” said Avner Mendelson, President and Chief Executive Officer, Leumi. “They have an extensive amount of commercial banking experience, and have made significant contributions to our business. Their promotion is part of our ongoing efforts to foster growth in our commercial banking business.”
Letourneau joined the Leumi team in 2009 and most recently served as the Chicago regional executive and national healthcare industry leader for U.S. operations. In his new role, he will take the lead on a variety of strategic projects aimed at supporting the broader, long-term vision of the bank, as well as facilitate the current and future growth of Leumi. Prior to Leumi, Letourneau was with Bank of America Merrill Lynch where he was a director of commercial banking.
Koutsky has been a key member of Leumi’s Chicago regional office since joining the firm in 2010 and most recently served as a commercial banking leader. In his new position, he will be taking on more of a leadership role and will be responsible for growing the bank’s loan and investment portfolios in the Chicago region. Prior to Leumi, Koutsky spent the majority of his career at Bank of America Merrill Lynch, most recently as a division manager of commercial banking.
Leumi is a full-service commercial and private banking institution providing financial services to middle and upper-middle market firms, as well as a full range of private banking solutions to domestic and international clients. Leumi also offers a broad range of securities and insurance products through its brokerage subsidiary, Leumi Investment Services Inc. (LISI). Leumi is the U.S. subsidiary, and largest subsidiary of the Leumi Group.