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Extel survey ranks EFG Hermes top frontier market brokerage firm


Extel survey 2018 has named EFG Hermes as the number one frontier market brokerage firm.

EFG Hermes is a leading financial services corporation serving institutional and individual investors in frontier emerging markets.

The nod from the high-profile industry survey comes just two years into EFG Hermes’ drive to expand beyond the Middle East and North Africa into frontier emerging markets.


Prior to this prestigious ranking, EFG Hermes was named the top Africa Ex-South Africa Equities House at the Financial Mail Top Analyst Awards 2018, solidifying its strong presence in the African market.

The London-based Chief Executive Officer of EFG Hermes Frontier, Ali Khalpey, said: “Coming on the heels of our ranking as the top Africa Ex-South Africa Equities House at the Financial Mail Top Analyst Awards 2018, this industry recognition highlights the core strength of EFG Hermes.

“Research manifested in its ability to respond rapidly to the significantly increasing demand for new investment ideas and strategies amid the ever-changing dynamics of markets and economies.

“Our strategy is to match our growing execution capabilities with world-class research that meets the needs of our clients. Beyond EFG Hermes’ strength as a research house in the MENA region, this is proof that our calculated investments into frontier expansion has paid off and underscores our unmatched strength in new geographies that we have entered within the past two years,” said Ali Khalpey.

The commendation follows EFG Hermes Frontier’s recent entry into Bangladesh, bringing its direct presence to eleven markets across four continents.

In addition to ramping up execution capabilities to cover more than 95% of markets on the MSCI Frontier Emerging Index, EFG Hermes has focused its frontier efforts on providing clients with world-class, on-the-ground research spanning African, Middle Eastern and Asian markets.

Similarly, Head of Research, EFG Hermes, Ahmed Shams El Din said: “These accolades underscore the outstanding capabilities of our award-winning research team and mark the passage of another milestone in our transformation into a leading frontier player.”

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