ForexQ.com
ForexQ.com
Brokerage firm · Egypt
According to its official website (efgholding.com), EFG Hermes is the investment banking brand of EFG Holding, which owns a universal bank in Egypt and describes itself as the leading investment bank in the Middle East and North Africa (MENA). According to the group history, the firm was incorporated in 1984 as the Egyptian Financial Group (EFG) and took the name EFG Hermes after merging with Hermes Financial Services in 1996; its UAE operations started with a licence obtained in 2002, with full services rolled out in 2005. The site says EFG Hermes provides investment banking, securities brokerage, asset management, private equity and research, and that its brokerage arm serves institutional and retail clients in Egypt, the UAE, Saudi Arabia, Kuwait, Bahrain, Pakistan, Kenya, Nigeria and the UK; the group also owns banking and non-bank financial companies such as Bank NXT, Valu, Tanmeyah and Bedaya. The brokerage page lists an institutional equity trading team at EFG Hermes UAE, and the App Store lists EFG-Hermes UAE Limited as the seller of the EFG Hermes ONE trading app. EFG-Hermes UAE Limited in the DIFC is listed in the DFSA register under reference F000075; according to the DFSA record it is endorsed to hold client assets and authorised for dealing in investments, custody, advising on financial products, managing assets and managing qualified investor funds. This information is the company's own statement.