CEO and PresidentCountry: Israel
2006 rank: 32
Reforms to spur foreign competition forced Israeli banks to divest mutual funds and asset-management businesses. So Maor, 64, spent the past year selling off Leumi's holdings. Profits from the sales contributed to a record year in 2006, with $1.6 billion in revenues, and continue to boost quarterly results in 2007. The sales also clear the way for Israel's second-largest bank to sell pension services.