In frontier market push, EFG Hermes taps Exotix Africa co-founder Khalpey to lead EFG Hermes Frontier. EFG Hermes appointed Ali Khalpey to head EFG Hermes Frontier. Khalpey co-founded Exotix Africa LLP and has experience with Blackrock, Investec, and Renaissance Capital. His appointment comes as EFG looks to accelerate its drive into frontier markets and “will be supported by both new hires as well as our existing lines of business and back-office functions as we look to create new shareholder value across a wider geographic footprint,” said EFG Hermes Group CEO Karim Awad. Co-Head of securities brokerage Mohamed Ebeid added that, “With the acquisition of an on-the- ground presence in Pakistan now in its final stages, our aim in 2017 is to accelerate the rollout of the platform.” Khalpey says expanding into frontier markets will be modelled “on the very successful strategy the firm used to grow its presence in the Gulf Cooperation Council countries … will use local professionals with local knowledge to build on-the- ground presences that will serve our global institutional client base with the insights and robust governance frameworks they have come to expect of EFG Hermes.”

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