​At the Arabian Business Magazine’s Awards ceremony last night, EFG Hermes was awarded Investment Bank of the Year. Matthew Wakeman received this award on behalf of the bank. A spokesperson for Arabian Business commented ‘the banking industry may be struggling amid the global economic downturn, but some are still performing strongly, as EFG Hermes has proved.’ The awards were judged by a distinguished panel of business leaders and ITP senior executives. The awards are designed to recognize excellence across all sectors of business in the Arab world, and winners were selected from among a list of exceptional candidates in each of the 18 categories.