EFG Hermes eyes US renewable energy market

EFG Hermes is looking at potentially venturing into the American renewable energy market with wind or solar power projects over the coming period, head of private equity and asset management Karim Moussa told Hapi Journal, without providing further details. EFG is working on implementing a comprehensive expansion plan over the coming period, including setting up a real estate private equity fund next year and one or two non-banking financial services companies before the year is out.