Cairo – Mubasher: EFG-Hermes Holding said Tuesday that it plans to obtain all regulatory approvals to start its operation in the United States through “EFG Hermes USA”, according to a bourse filing.
The company hired Karim Baghdady to be the chief executive officer of EFG-Hermes USA.
The New York office will “serve and grow our extensive roster of brokerage clients through our on-ground presence in eight regional markets,” EFG-Hermes Chief Executive Officer Karim Awad said in the statement. It will also be “a base for the potential growth of our asset management business across the United States,” he added..
