ArabFinance: EFG Hermes Pakistan, a subsidiary of EFG Hermes Holding (HRHO), has been named Best International Brokerage Firm in Pakistan for the first time in the 32nd annual Asiamoney Brokers Poll, Asias chief equity research poll, according to an emailed press release on January 18th.
The firm has been also ranked third in the Best Brokerages for Research, Best Brokerages for Sales, Best Brokerages for Corporate Access, and Best Brokerages for Execution categories.
The recognition that the team in Pakistan has garnered in the Asiamoney Brokers Poll is a true testament to the kind of foothold that EFG Hermes has been able to attain outside of our core MENA markets and highlights the Firms unrivaled frontier market offering, CEO of EFG Hermes Frontier Ali Khalpey commented.
It is an honor to be distinguished for our hard work by our clients in Asia, and we are excited to continue exceeding their expectations with our service offering, as we work to be a positive partner for economic development in Pakistan and build further upon our presence in the region, Khalpey added.
The Asiamoney Brokers Poll, which is a vox populi poll in Asia, evaluates the leading brokerage firms in terms of their equities research, sales, and trading.
In 2021, EFG Hermes maintained its ranking in the first place in the Kenyan market and raised its market share in Pakistan to 3.3% backed by higher foreign institutional executions.
In December 2021, the Pakistani units Investment Banking division has succeeded in closing advisory to TPGs Evercare Group on the sale of its 50% stake in Islamabad Diagnostic Centre to Integrated Diagnostics Holding for a total consideration of $72.35 million.
This transaction marked EFG Hermes first merger and acquisition transaction in Pakistan.
EFG Hermes is an EGX-listed company that has a presence in 13 countries, including the UAE, Saudi Arabia, Kuwait, Jordan, Oman, and Pakistan.
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