EFG Hermes was ranked as the number one frontier market brokerage firm in the Extel Survey 2018, advancing from ninth place last year, according to a Monday press statement.
The financial services corporation was previously named the top Africa Ex-South Africa Equities House at the Financial Mail Top Analyst Awards 2018.
“Coming 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 increased demand for new investment ideas and strategies amid the ever-changing dynamics of markets and economies,” said Ali Khalpey, the London-based chief executive officer at EFG Hermes Frontier.
“We 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,” said the co-CEO at EFG Hermes Investment Bank, Mohamed Ebeid.
On the other hand, EFG Hermes’ head of research, Ahmed Shams El Din, explained that by the end of 2018, the firm aims to add more than 35 African equities to its research coverage, in addition to new products covering strategy, macroeconomy, and sector reports.