Hints and tips:
...Brokerage EFG Hermes downgraded Finablr to neutral from buy on Monday. Finablr owns Travelex, the currency business still recovering from a recent cyber attack....
...Volpe, Managing Member of Volpe Investments LLC.Harry L. You, President, CFO and Director of GTY Technology Holdings Inc....
...• John Leahy has moved to New Capital, a subsidiary of EFG Asset Management, where he will manage a new UK equity fund. Mr Leahy previously worked for Hermes....
...Paramount, Sheikh Hamad’s vehicle which is investing in Deutsche, was set to invest in the unsuccessful merger of Greece’s Alpha and EFG Eurobank in the midst of the eurozone crisis in 2011....
...Mr O’Donnell has held a number of senior wealth management roles at EFG and UBS. ● Santander Asset Management has appointed Adam Harnetty as head of credit research, European fixed income....
...In a May 2 statement regarding its rejection of the proposed deal, the regulator said of EFG-Hermes Qatar LLC: “In light of the limited experience of the purchasing company and its lack of activity since...
...Hashem Montasser, previously the head of asset management at EFG-Hermes, , the investment bank, has been appointed chief executive of the Doha-based business....
...In October, Egypt’s regulator approved a plan to create a jointly-held investment bank of EFG-Hermes and QInvest of Qatar....
...Dubai Group’s assets include Bank Islam of Malaysia, along with exposure to the Greek and Cypriot banking sectors, as well as stakes in regional investment banks Shuaa Capital and EFG-Hermes....
...● EFG Asset Management has opened the New Capital China Equity fund to buy up to 50 Chinese and Hong Kong stocks....
...Dubai Group raked up billions of dollars of debt to acquire mainly minority stakes in financial companies and real estate across the world, including Bank Islam Malaysia and regional investment banks EFG-Hermes...
...“We believe the strong correction in European polymers prices during the quarter was largely offset by the more resilient Asians markets, where Sabic offloads the bulk of its chemicals volume,” EFG-Hermes...
...“The cases are treading a fine line between politics and the integrity of the judiciary system,” says Wael Ziada, head of research at EFG-Hermes, the investment bank....
...Local boutiques, he says, are likely to find it hard to expand overseas, opening up a “big gap” for Shuaa and its main competitors, Cairo-based EFG-Hermes and Kuwait’s Global Investment House....
...His brother is head of EFG-Hermes, one of the region’s largest investment banks, and his father is a high-profile journalist....
...Co-founder Ahmed Heikal is part of a family with long-standing political ties, and his brother is head of EFG-Hermes, one of the region’s largest investment banks....
...“We’re likely to see a significant decline in FDI from all countries, the Gulf ones included,” says Mr Ziada of EFG-Hermes. “This will have a sizeable impact on many parts of the economy.”...
...Dubai Group, which owns stakes in a series of financial companies across the Middle East, such as investment banks EFG-Hermes and Shuaa Capital, said that it “continues to service its debts”....
...In finance, investment banks EFG-Hermes and Beltone Financial have established a strong presence in the oil-rich Gulf region....
...will offset an impending slowdown in gas industry investments, and keep the country’s economic output expanding at an annual 8-13 per cent in the near future, according to Monica Malik, chief economist at EFG-Hermes...
...staff and realigned business lines last year as it sought to cut costs as the emirate’s financial crisis grew, while some assets have been sold – including part of its stake in regional investment bank EFG-Hermes...
...Meanwhile, Dubai Group, an investment arm of Dubai Holding, on Wednesday sold a 6.5 per cent stake in EFG-Hermes, a regional investment bank, for $120m, according to a banker....
...Hassan Heikal, head of EFG-Hermes, a regional investment bank, says these two groups account for 60-70 per cent of Dubai’s debt....
...Hassan Heikal, head of EFG-Hermes, the regional investment bank, said global banks shocked by the Dubai government’s intervention will have to reschedule loans. “There is no other solution.”...
International Edition