EFG Hermes, one of the leading financial services corporation serving institutional and individual investors in frontier emerging markets, has for the first time been ranked as the number one frontier market brokerage firm in the Extel Survey 2018, advancing from the ninth place it was last year.
A statement explained that the nod from the industry survey came just two years into EFG Hermesâ€™ drive to expand beyond the Middle-east and North Africa into frontier emerging markets.
Prior to the ranking, statement revealed that EFG Hermes was named the top Africa Ex-South Africa Equities House at the Financial Mail Top Analyst Awards 2018, solidifying its strong presence in the African market.
â€œComing on the heels of our ranking as the top Africa Ex-South Africa Equities House at the Financial Mail Top Analyst Awards 2018, this industry recognition highlights the core strength of EFG Hermes Research manifested in its ability to respond rapidly to the significantly increasing demand for new investment ideas and strategies amid the ever-changing dynamics of markets and economies,â€ the London-based Chief Executive Officer of EFG Hermes Frontier, Ali Khalpey said.
â€œOur strategy is to match our growing execution capabilities with world-class research that meets the needs of our clients.
â€œBeyond EFG Hermesâ€™ strength as a research house in the MENA region, this is proof that our calculated investments into frontier expansion has paid off and underscores our unmatched strength in new geographies that we have entered within the past two years,â€ Khalpey added.
The commendation followed EFG Hermes Frontierâ€™s recent entry into Bangladesh, bringing its direct presence to eleven markets across four continents.
In addition to ramping up execution capabilities to cover more than 95 per cent of markets on the MSCI Frontier Emerging Index, EFG Hermes said it had focused its frontier efforts on providing clients with world-class, on-the-ground research spanning African, Middle Eastern and Asian markets.
â€œThese accolades underscore the outstanding capabilities of our award-winning research team and mark the passage of another milestone in our transformation into a leading frontier player,â€ EFG Hermes co-CEO of the Investment Bank, Mohamed Ebeid said. â€œWe continue to seek the right opportunities to expand into high-growth frontier emerging markets, while focusing on consolidating our presence to create the right opportunities to serve our clients with a superior product offering across all markets.â€