12 MONTH
CERTIFICATE
5.75%
C O R P O IR A T E
INTEREST RATE
5.870
The Southfield Community Ed-
ucation Department will offer a
workshop on credit control,
6:30 8 p.m. Thursday, Feb. 6, at
the Community Education Cen-
ter, 18575 W. Nine Mile. There
is a charge. To register, call (810)
746-8700.
A.P.Y./*
-
60 MONTH
CERTIFICATE
A free workshop on how to start
and run a small business is set
for 7:30 p.m. Thursday, Feb. 6,
at the Holiday Inn, Dearborn,
sponsored by the Wayne State
University School of Business
Administration.
INTEREST RATE
6.13'
A.P.Y./*
The Family Firm Institute
Metropolitan Detroit Chapter
will hold a dinner meeting, 5:30
p.m. Tuesday, Feb. 11, at the
Community House, Birming-
BANK
EQUAL HOUSING
OPPORTUNITY
CALL (810)338.7700 or (810)352.7700
LENDER
Main Office 2600 Telegraph Rd. Bloomfield Bills, MI 48302
JENNIFER FRIEDLIN SPECIAL TO THE JEWISH NEWS
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'Annual percentage yield when compounded quarterly. Rate is accurate as of 1/31/91. Penalty for eoriy withdrawal from cenifide accounts may be assessed.
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THE JEWISH NEWS
The Oakland County Bush
ness Owners Association will
meet 11:30 a.m. Tuesday, Feb.
11, at Muskie's near the Palace
of Auburn Hills. For reserva-
tions, call (810 ) 25:3-3711.
A ba'al teshuvah former fighter-pilot has built a
booming investment bank for high-tech start-ups.
.• Lbw.
Itcler.11, huund
• •
A free seminar on wills and
trusts will be presented byJohn
Hancock Financial Services and
attorney Don Rosenberg, 1:30
p.m. and 7 p.m. Wednesday, Feb
12, Mt. Clemens General Build-
ing, 22500 Metropolitan Park.
way, Clinton Township. For
reservations, call Dave Howard,
(810) 792-3939.
Rebbe Would Be Proud
These are fixed rate certificates of deposit that are insured by Federal Deposit
Insurance Corporation (FDIC). A minimum opening deposit and balance of $500.00
is required to obtain the stated Annual Percentage Yield.
FLAR STAN'
ham. Speakers will be David
Littmann and Edward Mcliib-
bon. For reservations, call 810)
619-2582.
ith his oversized black
kippah and thick
beard, Shlomo Kalish
looks every bit the
Chabadnik ba'al tshuvah (re-
turn to observance) that he is.
But Mr. Kalish is just as ded-
icated to high-tech investment
banking as he is to the Rebbe.
Although most people equate
a return to religious observance
with a departure from the earth-
ly business world, the 44-year-
old Mr. Kalish, who was a hippie
in the '60s, a fighter pilot during
'70s (including the Yom Kippur
War), and a university business
professor during the '80s, decid-
ed two years ago to establish
Jerusalem Global Technology
Finance and Consulting, Israel's
only full-service investment
bank and consulting firm for
high-tech start-ups.
"According to the value sys-
tem of Judaism, there is either
Torah study or business," says
the soft-spoken Shlomo Kalish.
"What I decided is that basical-
ly a person should do what a
person is capable of, and given
my background I saw an oppor-
tunity to create a successful
company."
Like most other ventures that
he has undertaken, Jerusalem
Global is an undeniable success.
Since its humble beginnings in
1994, the Har Hotzvim-based
company has grown to some two
dozen employees, raised about
$30 million, found financing for
19 out of the 20 companies it has
selected as clients. and formed
a strategic alliance with Mont-
gomery Securities, one of the
United States' top investment
banks, which has resulted in
three public issuances totalling
$250 million.
"JG is taking off like a rock-
et," said Ed Mlaysky, president
of the Herzliva-based Gemini
Venture Capital Fund and afar-
mer guest lecturer at a class Mr.
Kalish taught on entreprenuer -
ship at Tel Aviv University's Re-
canati Business School. "Every
time I call their office. there are
more names on the phone list."
All but two of the people be-
hind those names. including the
company's highest-ranking em-
ployees, are under the age of 30,
causing JG's hallways to feel
more collegiate than corporate ;
Yet despite his employees
youth, Mr. Kalish says he has
selected the brightest people out
there, allowing him to take a
hands-off approach to manag-
ing his proteges.
During a weekly due-dili -
gence meeting, in which Shloino
Kalish and five top employees
review the latest start-ups toaP -
ply for financing or consultation ,
Mr. Kalish remains noticeably
unobtrusive.
Except for a few questions
and an occasional "yallah
(enough) when deliberations go
on too long, Mr. Kalish sits qui-
etly as the staff nix 14 out of the
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