EFG Hermes Holding S.A.E. (“EFG Hermes”) is the region’s premier investment banking firm with on the ground presence in 12 regional and international markets, with operations focusing on investment banking, securities brokerage, research, asset management, private equity, and commercial banking.
EFG Hermes started in Egypt and has grown over 30 years of success to become a leading financial services corporation with access to emerging and frontier markets.
The investment banking division is the leader in Egypt in the field of equity, debt and M&A advisory with notable executions even in dire market conditions
Its History:
EFG Hermes became the first investment banking firm in Egypt when it was established by Dr Mohamed Taymour in 1984.
The firm now has the widest physical presence of an investment bank in the region.
EFG Hermes is listed on both the Egyptian Exchange (EGX) and the London Stock Exchange (LSE). With more than 880 employees of 25 nationalities, it offers innovative financial solutions to a considerable and diversified client base from the Middle East and North Africa to Europe, Africa and the United States.
In 2015, EFG Hermes launched the NBFI Platform, EFG Hermes Finance, which will overlook activities in the non-banking finance field through EFG Hermes Leasing, Tanmeyah Microfinance, valU for instalment sale services and EFG Hermes Factoring. This falls in line with the Firm’s strategy to focus on two main pillars: product diversification and geographic expansion into frontier markets, which has seen the firm establish a physical presence in Pakistan, Kenya, Bangladesh, the United Kingdom and the United States.
The firm main departments:
- Securities Brokerage
- Investment Banking
- Asset Management
- Private Equity
- Research
- Leasing
- Micro Finance
- Valu
- Factoring
Corporate Governance:
EFG Hermes is an industry leader in terms of best practices in Corporate Governance. We have voluntarily embraced and stringently adhered to global standards at all levels, from the Board of Directors to line operations.
The firm Competitive Edge:
- The first and only Arab investment bank to advise regional governments on long-term growth strategies.
- The advisor of choice for multinationals entering Arab world markets
- Unparalleled distribution muscle across the region
- Dominating the flow of foreign capital into the region
- Largest and most comprehensive research capabilities in the region
- The largest dedicated team on the ground in the MENA region
- Dynamic expansion of our services to serve the changing needs of our clients
- Industry leaders in Corporate Governance policy and protecting the investments of our shareholders
- Solid balance sheet & financial position
EFG Hermes Awards
Best Investment Bank in MENA – Euromoney
Best Investment Bank in Egypt – Euromoney
Best Investment Bank in MENA – Global Finance
Best Investment Bank in Egypt – Global Finance
Best Equity Bank in Africa – Global Finance
Top Ranked Frontier Broker – Extel Survey
2nd Rank MENA Broker – Extel Survey
Board of Directors
Mona Zulficar, the Chairperson
The Chairperson, EFG Hermes has served as non-executive Chairperson of EFG Hermes since April 2008.
She is a Founding Partner and Chairperson of Zulficar & Partners Law Firm, a specialized law firm of 11 Partners and more than 50 Associates, which was established in June 2009 and grew into one of the best ranked law firms in Egypt. She was previously Senior Partner at Shalakany Law Firm and Chair of its Executive Committee for many years.
Zulficar is an acclaimed leader in local and international legal circles as the precedents maker and one of Egypt’s most prominent corporate, banking and project finance attorneys. As an M&A and capital markets transactions specialist, she has led negotiations on some of Egypt’s and the Middle East’s largest and most complex successful transactions over the past three decades.
She holds a Bachelor of Science in Economics and Political Science from Cairo University and an LLM from Mansoura University as well as an honorary doctorate degree in law from the University of Zurich.
Karim Awad, Group CEO and Chairman of the Executive Committee
Karim Awad is Group Chief Executive Officer, Chairman of the Executive Committee and a member of the board of EFG Hermes Holding. Since assuming leadership of the firm in 2013, Awad has led EFG Hermes’ return to profitability by cutting unwarranted expenses, selling non-core assets and distributing excess cash to shareholders.
Starting 2014, Awad worked with top tier professionals across the Company’s different divisions in building a comprehensive regional advisory pipeline; extending its leadership as the Arab World’s largest securities brokerage; continuing to lead its peers in like-for-like rankings as an asset manager; successfully refocusing private equity business; and continuing to provide the region’s highest-quality research offering.
