Pharos Holding appoints Ahmed El Ashi as managing director of fixed income

MOVES- Our friends at Pharos Holding have appointed Ahmed Yehia El Ashi as the new managing director for fixed income at the firm’s asset management division, according to a company statement (pdf). El Ashi, a banking veteran with more than 17 years of experience in asset management and commercial banking under his belt, previously headed Rasmala Egypt’s fixed income division.

That comes as Pharos has been named best Egyptian investment bank in Global Finance’s annual survey of the World’s Best Investment Banks (pdf). “Being named the Best Investment Bank underpins our goals,” Pharos Chairman and CEO Elwy Taymour said in a press release (pdf). “Pharos Holding has evolved and expanded rapidly and today we take pride in the success the company has achieved and in the recognition internationally of our success which this award helps to highlight.”