JERUSALEM (Reuters) – Stifel Financial Corp (SF.N) said on Tuesday it was opening an office in Tel Aviv to focus on investment banking and institutional services in Israel.

The St. Louis-based investment bank serves middle-market clients and has $350 billion in assets under management. The Israel operations will be led by veteran investment banker Alain Dobkin.

“With robust growth in both M&A and overall capital markets activity, strong middle-market characteristics, and key industry sector concentration, Israel is an excellent fit for our global investment banking platform,” said Brad Raymond, head of global investment banking at Stifel.

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