Daniel Recanatiwas born in Saloniki in 1921. He arrived with his family to Israel in 1935 and passed away at Tel Aviv in 1984.
Recanati was the head of the Discount bank group (founded by his father, Leon Recanati) for over 25 years, significantly contributing to the bank’s development and advancement. Recanati was multifarious and initiative. He contributed greatly to the Israeli economy: promoting banks, developing industries and technology and also promoting higher education in Israel.