{"id":647955,"date":"2017-05-24T04:11:38","date_gmt":"2017-05-24T04:11:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/efg-hermes-inaugurates-pakistan-office\/"},"modified":"2017-05-24T04:11:38","modified_gmt":"2017-05-24T04:11:38","slug":"efg-hermes-inaugurates-pakistan-office","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/efg-hermes-inaugurates-pakistan-office\/","title":{"rendered":"EFG Hermes inaugurates Pakistan office"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> Regional investment bank <strong>EFG Hermes <\/strong><a href=\"http:\/\/efghermes.com\/en\/News\/Pages\/Corporate-News-Details.aspx?wurl=\/en\/News&lid=64f7e8df-e76b-42cf-9180-30f24b4b9ed1&vid=9310a3fc-11e6-4145-927d-c49e5a218ddf&iid=364\"><strong>announced<\/strong><\/a><strong> it has opened its office in Pakistan<\/strong>, \u201cmaking it the first foreign investment bank to directly enter the market and the first foreign broker to have a local footprint in the country since 2008.\u201d The opening follows EFG Hermes\u2019 acquisition of Pakistani brokerage Invest and Finance Securities, which will now operate as EFG Hermes Pakistan Limited. \u201cIn moving into Pakistan and other markets, our goal is to replicate [in frontier markets] our growth out of Egypt into the Gulf Cooperation Council in the early 2000s \u2026 Pakistan was our first choice for geographic expansion outside what was previously our core MENA footprint, sharing as it does many of the same characteristics as Egypt, our original market,\u201d CEO Karim Awad says. \u201cWe will be particularly focused on securities brokerage, research and on investment banking advisory \u2026 We will also be pushing ahead with new voice and mobile trading for high-net-worth individuals as we upscale our existing retail brokerage business this year,\u201d added CEO of EFG Hermes Frontier Ali Khalpey.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regional investment bank EFG Hermes announced it has opened its office in Pakistan, \u201cmaking it the first foreign investment bank to directly enter the market and the first foreign broker to have a local footprint in the country since 2008.\u201d The opening follows EFG Hermes\u2019 acquisition of Pakistani brokerage Invest and Finance Securities, which will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647955","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"aef6e05f-3b24-4247-9f68-bacc26f61a23","order":"0","is_powered_by":true,"section_story_id":"397e9a39-5c81-40a8-8bdd-0fa1413f4a59","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647947],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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