HERMETIC
Trust Services
| about
| about
| about
Hermetic has been providing trust services for 80 years
Hermetic provides trust services to a broad spectrum of clients: In the capital market, to hundreds of Exchange Traders Funds (ETF) and mutual funds and hundreds of bonds series. In the business sector, to hundreds of clients and businesses; and in the private sector to many families and public trusts.
Hermetic employs 30 staff members, including attorneys, accountants, economists and analysts, as well as accounting management and back office staff.
Hermetic has been providing trust services for 80 years
• Hermetic provides trust services to a broad spectrum of clients: in the capital market, to hundreds of Exchange Traders Funds (ETF) and mutual funds and hundreds of bonds series; in the business sector, to hundreds of clients and businesses; and in the private sector to many families and public trusts.
• Hermetic’s clients include leading bodies in the Israeli economy: government companies, banks, insurance firms, investment houses, institutions, public companies, and private bodies.
• At Hermetic, we offer tailor-made services, customized to the needs of the client and the conditions of the transaction.
• Hermetic serves as a trustee and pledge agent for assets in Israel and overseas, valued at tens of billions of NIS;
• Hermetic is supervised by the Israel Securities Authority, by virtue of both the Joint Investments Trusts Law and the Securities Law. Hermetic meets rigorous requirements for equity, insurance, and employment of professional experts free of any criminal convictions;
• Hermetic employs 30 staff members, including, attorneys, accountants, economists and analysts, as well as accounting management, and back-office staff. Hermetic’s veteran team is skilled and boasts a wealth of experience acquired over many years of work.
HERMETIC
Trust Services
| Loyalty services
Trust Services
Mutual Funds & ETF - 01
Hermetic Trust Services provides trust services to approximately 220 Exchange Traded Funds (ETFs) and mutual funds, with a total scope of around 40 billion NIS. These funds are issued by the three largest ETF issuers in Israel: KSM Group (Excellence Group (Meitav Dash).) and Tachlit.
Hermetic is an authorized trust company, duly licensed by the Israeli Securities Authority, specializing in serving as a trustee for a wide range of Exchange Traded Funds (ETFs) and mutual funds. As the leading trustee of ETFs in Israel, Hermetic currently provides its trusted services to approximately 220 ETFs and mutual funds, with a total value of around 40 billion NIS. These funds have been issued by the two major players in Israel’s ETF industry: KSM Group (Excellence) and Tachlit Group (Meitav Dash).
To cater to the specific needs of the ETF and mutual funds sector, Hermetic maintains a team of highly qualified professionals, including accountants, economists, and attorneys who possess extensive experience in this field. Additionally, Hermetic has developed an in-house computerized system, tailored to efficiently handle and deliver trust services for all types of ETFs and mutual funds. This advanced system ensures seamless and reliable operations for the benefit of its clients.
Corporate bonds
Hermetic Trust Services offers trust services for approximately 230 series of bonds issued through public offerings or offerings to institutional investors. Hermetic clientele includes numerous corporations, major groups in the Israeli market, governmental companies such as the IEC, Mekorot, Israel Railways, and the Port Authority, as well as local authorities.
Hermetic, an esteemed trust company in Israel, offers a comprehensive range of trust services catering to approximately 230 Series of Bonds. These bonds are primarily issued to the Israeli public or institutional investors by both Israeli and foreign companies, aiming to raise funds from the public.
Hermetic proudly serves an extensive client base in this sector, including the most prominent groups and corporations in the Israeli market, governmental entities such as the IEC, Mekorot, Israel Railways, and the Port Authority, as well as local authorities.
Hermetic facilitates trust services for private placements of bond series issued to institutions investors.
Hermetic manages the securities of bonds for major leasing companies in Israel.
Business clients
Hermetic Trust Services caters to a wide range of business clients and transactions, numbering around 300. Hermetic services include pledge agent services, escrow services under the Sheltered Housing Law, escrow agent supervision of agreement performance, trust services and administration services for investment funds and hedge funds, escrow agent transactions, Paying Agent and Servicer roles under loan agreements provided by institutions and non-banking financial institutions, and more.
1. Trust Services for Credit Transactions: Hermetic provides trustworthy services for credit transactions, serving banks and institutional entities. Whether it’s syndication transactions or large credit transactions related to infrastructures, Hermetic is the preferred choice for a consortium of financiers or a single financier.
2. Administration and Servicer Services for Loans: As experts in the field, Hermetic administers and offers servicer services for loans from institutional entities and non-bank credit companies. Hermetic’s responsibilities include supervising borrowers, executing payments as per contract terms, and overseeing lenders’ loan repayments.
3. ESCROW Services – Securing Assets in Israel and Abroad: Hermetic acts as the safeguard and custodian for processed assets, which may include real estate, securities, deposits, vehicles, and more. With over two billion NIS worth of deposits and securities entrusted to us, Hermetic customers can rest assured that their assets are in safe hands.
4. Administration and Tax Trust Services for Hedge Funds and Investment Funds: Hermetic specializes in services for hedge funds and investment funds, including funds involved in the field of urban renewal.
5. Supervision of Contractual Obligations in Commercial Agreements: Hermetic diligently oversees the execution of contractual obligations in various commercial agreements, such as investment agreements and financing agreements, promoting transparency and accountability.
6. Trust Services for Sheltered Housing Law: Hermetic is committed to guaranteeing tenants’ deposits through trust services in accordance with the sheltered housing law.
7. Trust Services for Insurance Agents and Underwriters: Hermetic provides trust services for insurance agents and underwriters.
8. Escrow Services for Financing Leasing: Hermetic’s escrow services cover financing leasing, including the pledging of leasing flow and cars, providing you with added security.
9. Trust for Blocked Shares.
10. Operation of Settlement Agreements: Hermetic specializes in trust services for blocked shares in compliance with various legal provisions, including blind trusts for shares.
11. Hermetic serves as execution officer of settlement agreements and judgments in class actions.
12. Cash Flow Securitization: Hermetic provides expert trust services within the framework of cash flow securitization, ensuring smooth operations and financial security.
13. Trust service for those who wish to deposit Source Software.
Private clients
Hermetic Trust Services serves hundreds of private clients through a variety of trust arrangements. Hermetic offers services for intergenerational transfers, property ownership handling and settlement, management of needs for individuals with disabilities and special needs, testamentary trusts, trusts created through public or private dedications (Hermetic serves as a trustee for some 70 public dedications), real estate management in Israel, inheritance management, anonymous donations (when donors prefer to remain undisclosed) and more.
Hermetic Trust Services excels in settling property divisions following death or divorce, ensuring smooth intergenerational transfers, arranging payments and welfare support for family members with disabilities and special needs, and handling other legal arrangements such as trusts for funds, real estate assets, properties based on trust agreements, divorce agreements, and wills.
Hermetic also offers real estate asset management services in Israel, catering to both Israeli citizens and foreign residents. With Hermetic’s extensive expertise, Hermetic serves as a trustee for approximately 70 public and private dedications, manages inheritance matters, facilitates anonymous donations for those who desire confidentiality, and provides various other services to meet their clients’ unique requirements.
| Our Team
/Dan Offer
Chairman of the Board of Directors and ShareholderWith over 50 years of legal experience, Dan has been involved in the trust services field since 1969. As the founder of Hermetic Trust Services, Dan possesses extensive knowledge and expertise in all aspects of the Hermetic’s activities. Dan has served as a Judge at the Disciplinary Court of the Tel Aviv Bar Association and is a member of the Board of Trustees of the Hebrew University of Jerusalem.
/Dan Avnon
Joint CEO,Director and Shareholder
With nearly 30 years of experience as an attorney, Dan specializes in trust services since 1992. Dan has led numerous private and public debt raisings and has extensive experience as an Indenture Trustee for investment projects in Israel and abroad. Dan has also spearheaded complex debt restructurings, including IDB Development Alon, Plaza Centers, and more.
Dan has served as a member of the Hodak Committee, which organized the investment process of institutional investors in bonds. Currently serving as a supervisor in the partnership “Isramco” and as the chairman of the Trustees Association in Israel.
/Merav Offer
Joint CEO,Director and Shareholder
With nearly 30 years of experience as an attorney, Merav specializes in trust services since 1992. Merav has led numerous private and public debt raisings and has extensive experience as an Indenture Trustee for investment projects in Israel and abroad. Merav has also spearheaded complex debt restructurings, including IDB Holdings and Africa Israel and more.
/Yaniv Damgian
Enforcement and Risks Manager atthe Exchange Traded Funds (ETF) and
mutual funds departments
With 10 years of experience as an economist, Yaniv has specialized in the field of ETFs and mutual funds since 2011. His role involves managing enforcement and risks within these departments.
/Revital Michelstein
Exchange Traders Funds (ETF) andMutual Funds Manager
With 11 years of experience as an accountant, Revital has been involved in the ETF and mutual funds field since 2009. Revital expertise contributes to the effective management of these funds.
/Irit Harush
Administrative Manager| Our Team
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Dan Offer /
Chairman of the Board of Directors and ShareholderWith over 50 years of legal experience, Dan has been involved in the trust services field since 1969. As the founder of Hermetic Trust Services, Dan possesses extensive knowledge and expertise in all aspects of the Hermetic’s activities. Dan has served as a Judge at the Disciplinary Court of the Tel Aviv Bar Association and is a member of the Board of Trustees of the Hebrew University of Jerusalem.
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Dan Avnon /
Joint CEO,
Director and ShareholderWith nearly 30 years of experience as an attorney, Dan specializes in trust services since 1992. Dan has led numerous private and public debt raisings and has extensive experience as an Indenture Trustee for investment projects in Israel and abroad. Dan has also spearheaded complex debt restructurings, including IDB Development Alon, Plaza Centers, and more.
Dan has served as a member of the Hodak Committee, which organized the investment process of institutional investors in bonds. Currently serving as a supervisor in the partnership “Isramco” and as the chairman of the Trustees Association in Israel.
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Merav Offer /
Joint CEO,
Director and ShareholderWith nearly 30 years of experience as an attorney, Merav specializes in trust services since 1992. Merav has led numerous private and public debt raisings and has extensive experience as an Indenture Trustee for investment projects in Israel and abroad. Merav has also spearheaded complex debt restructurings, including IDB Holdings and Africa Israel and more.
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Yaniv Damgian /
Enforcement and Risks Manager at
the Exchange Traded Funds (ETF) and
mutual funds departmentsWith 10 years of experience as an economist, Yaniv has specialized in the field of ETFs and mutual funds since 2011. His role involves managing enforcement and risks within these departments.
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Revital Michelstein /
Exchange Traders Funds (ETF) and
Mutual Funds ManagerWith 11 years of experience as an accountant, Revital has been involved in the ETF and mutual funds field since 2009. Revital expertise contributes to the effective management of these funds.
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Irit Harush /
Administrative Manager
- Dan OfferChairman of the Board of Directors and Shareholder
- Dan AvnonJoint CEO,
Director and Shareholder - Merav OfferJoint CEO,
Director and Shareholder - Yaniv Damgian Enforcement and Risks Manager at
the Exchange Traded Funds (ETF) and
mutual funds departments - Revital Michelstein Exchange Traders Funds (ETF) and
Mutual Funds Manager - Irit HarushAdministrative Manager