EFG Hermes announced yesterday the launch of operations in the US with an office in New York. EFG Hermes USA Inc. has been officially licensed and approved as a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation to operate in the United States since 1 September. The new office will allow the firm to expand its pool of brokerage clients and function as a starting point for the North American base for its entire product offering. “As regional appetites shift towards non-conventional investment destinations outside MENA, our presence in New York will facilitate the provision of better services to our US client base, especially with the recent growth in our product offering and market reach,” CEO Karim Awad says.

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