ABOUT US
Established in 1996 by Mr. Benny Eilam (CPA, MBA), Globalbox was the first founded currency and rates Inter-Bank brokerage company in Israel – servicing financial institutions both locally and globally.
With support from the Bank of Israel, who promoted competitiveness in the foreign exchange market (due to reduced governmental regulations), Globalbox quickly solidified its position as a pioneer and a leading brokerage company. Consequently, during 1997 and 1998, Israel’s central bank executed its entire intervention (consisting of 7 billion USD) through Globalbox.
In the early 2000’s, Israel had started to evolve into a technological hub – which resulted in an expedited opening and growth of its capital markets. A volatile currency and very high interest rate were among the reasons that international banks increased their presence in Israel – bringing in a new surge of foreign capital inflows. In 2000 Citibank had launched its first Tel-Aviv branch; followed by HSBC and Barclays - all of whom eventually joined Deutsche Bank (who was already extremely active in the ILS market from its Tel-Aviv branch, first as Bankers Trust).
As the market continued to develop and evolve so did Globalbox. Responding to developments in the ILS derivatives market, such as: a wider product range, increased global participation and higher volumes. Globalbox continually expanded its coverage – remaining the top professional specialist for each of the firm’s products. This expansion, still ongoing and ever-present, is why Globalbox pledges to keep innovating and introduce new products to better
serve its clients.
Globalbox’s unique DNA and core values are reflected through the absolute commitment we have to our clients – adhering to the highest standards of reliability, honesty and integrity. Our motivation is to always maintain the best relationship with our clients – tailoring our services based on the market’s ever-changing needs. In truth, we believe, that our client relations and adaptability are exactly what maintained the company’s top position in the market – with a share of 30% across products in today’s highly competitive arena.
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Globalbox operates from Tel-Aviv, Israel by Sivan Yarden, Kfir Shainboim, Baruch Gargir and Shlomi Amitai, and from its European branch in Zug, Switzerland managed by Olivier Pierre, with its "arm-leg" in London by Stav Eilam.