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FINANCIAL NEWS
Egypt’s EFG Hermes to issue USD21.5mn in Frontier Invest Ltd
19 Jul 2017
(MENAFN) EFG Hermes UAE Limited, a subsidiary of EFG Hermes Holding has entered into definitive deals in order to invest USD21.5mn in Frontier Investment Management Partners Ltd.
Accordingly, EFG Hermes will aim the consent of its clients in order to contribute its local portfolios and funds into FIM amid the coming six months.
Moreover, the firm’s investment in FIM is integral to their proclaimed plan of growing their asset management business amid adding vital expertise.
Meanwhile, as MENA and frontier markets grow, institutional investors will continue to seek specialized active fund managers with a strong on the ground knowledge of these markets.
MENAFN1907201700450000ID1095637630
MENAFN1907201700450000ID1095637630
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