Debevoise & Plimpton LLP is advising IDB Bank in the creation of IDB Lido Wealth, a new strategic partnership and joint venture with Lido Advisors, LLC. The new entity will support IDB’s growing businesses and clientele by leveraging Lido’s innovative wealth management services. IDB Bank and Lido Advisors will continue to remain independent companies. For more information, please see the company’s press release.
IDB is the largest Israeli bank operating in the U.S. with over $11 billion in assets and over 70 years of continuous service. Lido is a full-service, independent RIA that brings an innovative family office investment approach to grow and safeguard its clients’ wealth and legacies.
The Debevoise team is led by M&A partner Gregory Gooding and includes banking partner Gregory Lyons and associates Zila Acosta-Grimes, Nariné Atamian, Isabel Espinosa de los Reyes, Alexandra Mogul, Lily Vo and Chen Xu, investment management partner Marc Ponchione and tax law clerk Miriam Yeger.