Egyptian investment bank EFG Hermes has expanded its global footprint by opening an office in New York.
The company has secured approval from the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). It will trade as EFG Hermes USA.
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Through the New York branch, EFG Hermes will offer North American access to the Frontier Emerging, which is a group of over 20 markets spanning from Nigeria, the Middle East, to Vietnam.
EFG Hermes Group CEO Karim Awad said: “The launch of our independent, stand-alone office in the heart of the global investment community is not only a key milestone in our expansion strategy, but also serves as a vital entry point that will bring us closer to our sell-side clients.
“As regional appetites shift towards non-conventional investment destinations outside MENA, our presence in New York will facilitate the provision of better services to our US client base, especially with the recent growth in our product offering and market reach.”
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