Q&A With EFG Hermes Co-Chief Executive Karim Awad - Middle East Real Time - WSJ

Q&A With EFG Hermes Co-Chief Executive Karim Awad - Middle East Real Time - WSJ:



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Karim Awad was recently appointed co-chief executive of Egypt’s EFG Hermes.

 

Nicolas Parasie for The Wall Street Journal

It’s been a tumultuous few years for EFG Hermes, the Arab World’s largest investment bank. Rocked by political instability in its domestic market, the Egyptian firm saw profits decline. In addition, it tried to partner up with Qatar’s QInvest, a proposed deal that collapsed last year. A new government in Egypt and billions of dollars in financial support from countries in the Persian Gulf has helped to prop up the country’s fragile economy, making EFG Hermes hopeful it can turn the page on one of the most difficult chapters in its history since inception in 1984. The bank’s recently appointed co-chief executive Karim Awad talks to The Wall Street Journal about recent developments in the bank’s home market and beyond."



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