CAIRO: EFG-Hermes was named the top research house in the region in Euromoney s Annual Middle East Equity Research Poll.
One of the leading investment banks in the Arab world, EFG-Hermes wins the award for the second consecutive year, the firm announced in a press statement.
The bank’s research team came first in seven of the 14 categories. The Euromoney poll, conducted in May and June of this year, surveyed 195 portfolio and fund managers from regional and international financial centers, asking them which analysts are providing the best research coverage of the region s listed companies.
EFG-Hermes research took the leading position in categories including banking and finance, cement, leisure and tourism, pharmaceuticals, real estate, telecoms and economics.
The company was also ranked in the top three position in a further six categories.
We re pleased with the poll results, which confirm our position as the premier provider of quality analysis on regional markets, says Head of Research Eiji Aono, who recently joined EFG-Hermes after co-heading the top-ranked telecom equipment equity research team at Credit Suisse in London.
The continued growth in the Middle Eastern financial markets is one of the most exciting elements of the international capital markets, says Euromoney Magazine Managing Director Simon Brady.
In mid-June, the magazine named the firm its Best Equity House in Egypt at the Euromoney Awards for Excellence 2008.
Euromoney Magazine is the flagship title of London-based financial communications company Euromoney Institutional Investor PLC. Founded in 1969, Euromoney is listed on the London and Luxembourg stock exchanges.
Established in 1984, specializes in investment banking, asset management, private equity, securities brokerage and research. With listings on both the London and Cairo stock exchanges, EFG-Hermes currently has a market capitalization in excess of $3.8 billion.
It offices in Egypt, UAE, KSA and Qatar cater to clients from the Middle East and North Africa, Europe and the United States.
