ICEC

Egyptian Adawi wins UK IFM’s Best Asset Management CEO award

UK leading International Finance Magazine has awarded Rana Adawi, chairperson of Egypt-based Acumen Asset Management, the “the Best Asset Management CEO – Egypt 2018” award.

The London-based magazine’s awards recognise and honours individuals and organisations in the international finance industry that make a significant different and those who make a contribution to raising the bar in the financial industry, which include path-breaking initiatives in corporate social responsibility or charitable activities.

Acumen Asset Management is part of Egyptian investment bank Acumen Holding that provides wealth management services and offers tailored investment products across all major asset classes to a diverse set of institutional and individual clients.

Acumen Asset Management won in February three awards from the MENA Fund Manager Performance Award 2018 in Dubai, Best balanced fund, Best MENA Equity Fund of under $75 million, and MENA Equity Fund of the Year.

Adawi comes with prime expertise in asset management and over 22 years of experience in the financial services industry with leading international and regional financial institutions. Her previous roles include head of research in Fleming CIIC Securities and managing director of Egyptian Portfolio Management Group, the portfolio management arm of the region’s largest investment bank EFG-Hermes.

In 2010, Adawi, along with prominent Saudi businessman Hesham El Sewedy, and Mohamed Abdalla, founder of Coldwell Banker Egypt, have founded Acumen Holding with a paid-in capital of 30 million Egyptian pounds ($1.7 million).

Adawi has been heading Acumen Asset Management since its establishment and also achieved successive successes, including managing the investment funds for Misr Elkheir Foundation, Bank Audi, portfolios of public and private institutions as well as portfolios of individuals with solvency. She also manages portfolios of public sector banks, public and private institutions, and high-net-worth individuals with a total of $120 million.

Adawi was recognised earlier this year as one of the Top 50 Most Influential Women in Egypt’s economy in 2016 in a ceremony that was organised by one of Egypt’s top financial magazines, Amwal Al Ghad under the auspices of the Prime Minister Sherif Ismail.  She is also a member of the Top 50 Committee that is taking an active role in the economic development of the country.

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