EFG-Hermes: AUM Hits $3 billion in Arab World

EFG-Hermes Holding S.A.E. (HRHO.CA) – the leading investment bank in the Arab world – is capturing total assets under management (AUM) of US$3 billion throughout the MENA and North Africa regions, Nabil Moussa – EFG Head of Asset Management – said on Tuesday.

Speaking to Amwal Al Ghad’s Arabic website, Moussa said EFG-Hermes controls  assets worth US$ 1.9 billion in Egypt and around US$ 1.1 billion in the Arab world, serving a broad range of regional and global sovereign wealth fund, insurance and banking institution clients in addition to some private equity funds through its Dubai office.

Owing to some precautionary policies adopted by the Group through past years, EFG-Hermes has successively gotten through crises like the global Financial Crisis besides the reverse impacts left by Arab Spring uprisings, he noted.