EFG Hermes to begin operations in Vietnam through partnership with ACBS

EFG Hermes to begin operations in Vietnam through partnership with ACBS: EFG Hermes has signed a partnership agreement with Vietnam’s Asia Commercial Bank Securities that will allow its clients to trade on the Hanoi Stock Exchange, Ho Chi Minh City Exchange and UPCOM, EFG Hermes said in a bourse filing (pdf). “The partnership will see the assembly of a Vietnam-based team over the coming 12 to 18 months to complement our award-winning roster of research and trading professionals,” said EFG Hermes Frontier CEO Ali Khalpey. “This partnership will provide our clients access to the Hanoi Stock Exchange, Ho Chi Minh City Exchange and UPCOM using ACBS’ platform, while expanding our Vietnamese research offering, under our own brand name.” EFG’s expansion into frontier markets has already seen it enter Pakistan, Bangladesh, Nigeria and Kenya.