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Legacy Benefits Names Elhanani President and CEO
NEW YORK, October 1, 2010--Legacy Benefits, LLC, a leading life settlement provider, today announced the promotion of its Chief Operating Officer, Zohar Elhanani, to President & CEO of the company, effective immediately.
Meir Eliav, Legacy’s founder and President for the last 19 years, will remain actively involved as the company’s Chairman. “I am very happy to entrust the leadership of Legacy Benefits to such a highly capable and motivated executive as Zohar Elhanani,” said Eliav.
Eliav added, “Since joining Legacy over four years ago, Zohar has been instrumental in helping craft the firm’s strategy, while showing the capacity to drive continued improvements in our operations and business model during a highly turbulent market. Zohar’s ongoing efforts have resulted in Legacy’s consistent growth as a company, while maintaining its position as a reputable and ethical industry leader. I believe this is the natural time for a transition in the company’s leadership, and I am pleased that Zohar will take on this expanded responsibility,” said Eliav.
In recent months, Elhanani has assumed two new prominent roles within the life settlement industry on both national and international fronts. Most recently, Elhanani was elected as a member of the Board of Directors of the Life Insurance Settlement Association’s (LISA) as well as US Department Co-Head of the German Life Settlement Association, BVZL. His prior professional experience spans 15 years of managerial roles in a variety of technology growth companies, as well as in the investment field as part of a venture capital fund.
In addition, as part of Legacy’s continued expansion, the firm has recently hired Sam Kassahun as its Director of Capital Markets in an effort to further expand its capital raising activity. Kassahun will work with the firm’s experienced management team to broaden its market reach in identifying new investors in the asset class globally.
About Legacy Benefits, LLC
A recognized leader in the life settlement industry, Legacy Benefits Corporation pioneered this burgeoning specialty finance field 19 years ago. Today, Legacy Benefits, LLC maintains the company’s reputation as an industry innovator. Since 1991, Legacy Benefits has specialized in the origination, servicing and management of life insurance assets for a broad range of institutional clients. Legacy Benefits utilizes an ever-evolving array of sophisticated analytical tools and upholds the highest ethical standards when evaluating and acquiring insurance policies for its institutional clientele. Legacy Benefits was founded by company chairman Meir Eliav, a 30-year financial services veteran, who was a founding member and past-president of the Life Insurance Settlement Association (LISA), the largest U.S. trade association in the industry.
In 2004, Legacy Benefits Corporation became the first provider to originate a portfolio of life settlement assets for a securitization transaction, which was underwritten by Merrill Lynch and rated A1/Baa3 by Moody’s Investor Services.
Contact:
Margaret Schievella
Legacy Benefits, LLC
(646) 878-2922
mschievella@legacybenefits.com
www.legacybenefits.com
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