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Citi Bank, one of the largest banks in the U.S., has offered former Prime Minister Ehud Barak a position as special adviser to the bank’s branch in Israel.
It is customary in the U.S. to hire former senior officials as consultants for financial groups.
The assumption is that their status canhelp business. Thus for example, Merrill-Lynch hired former Bank of Israel Governor Ya’akov Frenkel.
Yedioth Ahronoth has learned that Barak received the initial offer on Independence Day, at a social event where he met with the president of CitiBank in Israel.
Last week, Barak met with top bank executives in Israel.
The bank spokesman did not deny there were initial contacts but said nothing had been decided.
This appeared on the May 3, 2001 edition of Yediot Aharonot
