By Wilkister Alao
EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), has been ranked the number one frontier market brokerage firm in the Extel Survey 2019 for the second time and remains the second highest ranked brokerage firm in the Middle East and North Africa.
Before this accolade, EFG Hermes had been named for the second time in as many years as the leading Africa (Ex-South Africa) Equities House by the Financial Mail, attesting to the success of its expansion in the African markets.
EFG Hermes launched its operations in Kenya in 2017 and has been using its Nairobi office as the hub for its East Africa research coverage and trading execution.
“As the most dynamic and leading economy in the region, we strongly believe that Kenya is the most appropriate hub for the region,” Kato Mukuru, EFG Hermes’ Head of Frontier Research, said.
“Holding our ground in the Extel rankings is proof positive that we, as a firm and as a partner to our clients the world over, are committed to delivering the highest quality research in the industry,” said Ahmed Shams El Din, EFG Hermes’ Head of Research.
“The leading rankings attest to the capabilities of EFG Hermes Research as a true leader in the provision of frontier and emerging market research and its ability to provide key insights in some of the world’s most compelling markets,” he added.
Ahmed Shams El Din also said that the recognition by the world’s leading research survey reaffirms EFG Hermes’ commitment to producing innovative research, be it macro strategy or equity coverage, of the highest quality.
EFG Hermes Research also dominated the MENA and frontier regional analyst rankings, with six of EFG Hermes’ top analysts ranking in the top 10, including Kato Mukuru and Ronak Gadhia in Frontier and Mohamed Abu Basha, Hatem Alaa, Nada Amin and Elena Sanchez-Cabezudo achieving top ten finishes for MENA.