Sadiq Hussain joins EFG Hermes Asset Management as Head of Business Development based out of Dubai; Hussain brings 25 years of experience with leading global companies such as J.P. Morgan, Bank of America Merrill Lynch and ING Barings Dubai, 2 August 2015 EFG Hermes, the leading investment bank in the Arab world, announced today the appointment of industry veteran Sadiq Hussain as Managing Director at the firm’s market-leading Asset Management Division to head Business Development.  With exceptionally strong, 25 years of international experience in emerging and regional markets, Hussain joins EFG Hermes from J.P. Morgan Securities in Dubai, where he worked for the last eight years as Head of MENA Equities and Global Frontier Markets. He has previously held posts in ING Barings (New York), Bank of America Merrill Lynch (Hong Kong) and AKD Investment Management (Karachi). “I am delighted to welcome Sadiq as a senior member of Asset Management. He will be a valued member of the team. Hiring him is evidence that we commit quality resources to achieve our target of widening our sales and distribution reach geographically and to contribute to the overall development of our product range. I welcome Sadiq and expect him to deliver with excellence,” said Amr Seif, Head of EFG Hermes Asset Management. Hussain’s diverse international experience combined with his knowledge of frontier markets, an area in which EFG Hermes Asset Management is currently looking to expand, will help to enhance the firm’s sales and distribution reach globally. His appointment is a testament to EFG Hermes’ commitment to expanding its investment universe and subsequently its Assets Under Management. The bolstering of our sales team alongside our highly-experienced fund management professionals adds to EFG Hermes' high quality human resources and thus positions our core Asset Management business for further growth in the years to come. "I am pleased to join an organisation that has consistently outperformed and delivered substantial returns to its clients with a high level of professionalism. I intend to leverage my global experience and expand EFG Hermes Asset Management's products to a wider international client base. In addition, I aim to work closely with key members of the team to continuously look at ways to enhance the product offerings and ensure we preserve and grow our assets under management," said Hussain. Hussain, a graduate of the Wharton School of Business, University of Pennsylvania, will assume his duties at EFG Hermes Asset Management as of 2 August 2015 based in Dubai and will be reporting directly to Amr Seif, Division Head. EFG Hermes Asset Management is the premier investment manager in the Middle East and North Africa. With USD 3 billion in assets under management (AUM), the division offers a wide variety of funds and portfolios to an equally diverse range of clients backed by on-the-ground presence that spans the MENA region. EFG Hermes Asset Management has won a string of accolades in 2015 for the consistent performance of its funds, which continue to outperform market averages. The team has most recently been recognised by the prestigious Thomson Reuters Lipper Fund Awards for Best Fund in Egypt for EFG Banque du Caire I (Cumulative) at the 3rd MENA Asset Management Conference. The excellent performance of the division has also been acknowledged at this year's MENA FM Fund Performance Awards, where it was awarded "Egypt Asset Manager of the Year," "Hedge Fund of the Year" for the MENA Opportunities Fund and "Saudi Equity Fund of the Year – 3 Year Performance" for the EFG-Hermes Saudi Arabia Equity Fund. Additionally, the Bank of Alexandria III Fixed Income Fund won the "Highly Commendable Certificate – 3 Year Performance" award and the Credit Agricole III Money Market Fund was awarded the "Highly Commendable Certificate" for MENA money market funds.