Cairo/Dubai — EFG Hermes announced today the appointment of Philip H. Southwell as Chief Executive Officer for the firm’s operations in the GCC countries, with the exception of Saudi Arabia. Given the importance of the GCC to EFG Hermes’ expansion plans, Southwell will also be part of the executive management of the Holding Company
Bank Audi Money Market Fund, the latest product managed by EFG Hermes Asset Management, will help investors grow their capital base despite current volatility in the marketplace Investors looking for a safe haven amid the ongoing economic global turmoil can turn to a new mutual fund launched by EFG Hermes, the leading investment bank in the Arab world, in partnership with Bank Audi sae, a member of Audi Saradar Group with operations across the MENA region.
Alexandria, April 30, 2009 – Caisse des Dépôts (France), Cassa depositi e prestiti (Italy), EFG Hermes (Egypt) and Caisse de Dépôt et de Gestion (Morocco) announced today, April 30, 2009 the launching of InfraMed, a long-term investment fund and the first financing facility of the Union for the Mediterranean.
EFG Hermes announces today the appointment of Hossam Yousef Radwan as Chief Executive Officer of EFG Hermes KSA. The appointment comes as EFG Hermes, already the number-one independent broker in Saudi Arabia and a trusted advisor to major Saudi corporations and top investors, looks to further expand and diversify its fast-growing operations in the Kingdom.
EFG Hermes approves a dividend of EGP 0.50 per share as it holds its first ordinary and extraordinary general meeting under the leadership of non-executive chairperson Mona Zulficar
The EFG Hermes’ brokerage division has been named the GTM / Egyptian Exchange’s Best Brokerage Firm of 2009. The GTM / EGX Awards highlight excellence among the companies listed on the Egyptian Exchange and the financial-industry firms that support them.
New measures prepare EFG Hermes for difficult months in 2009 — and to quickly capture growth when regional markets improve — as leading Arab investment bank EFG Hermes posts solid profits for FY 2008 despite challenging market conditions during the second half of the year. To view the FY 2008 Earnings Release, please click here
EFG Hermes Investment Banking was Sole Financial Advisor to Al Arafa for Investment and Consultancies S.A.E. as it acquired a 35% stake in Forall Confezioni S.p.A. for total consideration of €25.3 million.
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.
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