Bank Hapoalim (Switzerland) Ltd has announced the establishment of BHI Investment Advisors (Asia) Limited (BHIIA) in Hong Kong, a wholly owned subsidiary of Bank Hapoalim (Switzerland) Ltd, the private banking arm of the Bank Hapoalim Group.

The new operation complements the Asian business already being pursued by the Group, through its branch in Singapore and representative office in Hong Kong. Eli Bitan who runs the representative office has also been appointed as head of the new company.