WED, SEPT 02 2020-theG&BJournal- EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM) Research Division, Monday emerged the top frontier research house and the second-best research division overall in MENA for the third year running in the 2020 Institutional Investors Poll. It was also ranked 7th across the wider Emerging EMEA space, with 6 of the top 15 MENA analysts coming from the Firm.
Six analysts from EFG Hermes’ Research division also received high rankings in the 2020 poll. Mohamed Abu Basha and Ronak Gadhia secured second and third place, respectively, in the Overall Frontier Markets Research analysts’ category, with Kato Mukuru and Luis Colaco following closely as runners-up. Hatem Alaa and Nada Amin were also recognized as runners-up in the Overall MENA analysts’ category.
The firm was also ranked 6th place in the corporate access category across the wider EMEA region, and 9th place across overall generalist sales, coming in 2nd place in each of the individual Frontier Markets and MENA categories.
“The Research Division continues to consistently rank as the top frontier emerging markets’ research provider, especially during a year where investors are grappling with entirely new realities that require the sound and astute guidance we have prided ourselves on as a division since inception,” says Ahmed Shams El Din, EFG Hermes’ Head of Research. “As we continue to expand our offerings and deliver on the expectations of global institutional investors, we remain adamant on bringing top FEM research to the table and providing unparalleled insights as we further extend our coverage.”
EFG Hermes’ Research division has grown into the region’s leading provider of market insights, delivering in-depth coverage on key MENA markets, and some of the fastest-growing FEM markets across Africa and Asia. The division also supports IPOs where EFG Hermes is involved, and continues to expand its digital footprint to provide wider access to trusted research materials online. The division now covers 291 stocks across 22 countries within and beyond the MENA region that include Egypt, Saudi Arabia, UAE, Oman, Kuwait, Qatar, Kenya, Nigeria, Pakistan, Bangladesh, and Vietnam.
“Having been selected by some of the world’s leading investors as the top frontier markets research provider so soon after entering the frontier market space is a testament to the quality of EFG Hermes’s Research Division and their ability to provide world-class insights that have quickly gained recognition of frontier-specific investors,” said Mohamed Ebeid Co-CEO of the Investment Bank at EFG Hermes. “We’ve been nabbed top rankings as brokers in Kenya, Nigeria, and Pakistan in addition to the continued recognition for our frontier research, and we will continue to ramp up expansion into these markets and gain market share in the process.”