EFG Hermes, an Egypt-based investment bank, has named Sadiq Hussain as managing director within its asset management division to head business development.
Based in Dubai, Hussain will be reporting directly to Amr Seif, head of EFG Hermes Asset Management.
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In his new role, Hussain will be responsible for enhancing the firm’s sales and distribution reach globally.
Prior to joining EFG Hermes, Hussain worked with JP Morgan Securities in Dubai and was most recently head of MENA equities and global frontier markets.
Previously, he has also held roles with ING Barings (New York), Bank of America Merrill Lynch (Hong Kong) and AKD Investment Management (Karachi).
Seif added: "He will be a valued member of the team. Hiring him is evidence that we commit quality resources to achieve our target of widening our sales and distribution reach geographically and to contribute to the overall development of our product range. I welcome Sadiq and expect him to deliver with excellence."
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By GlobalData"I intend to leverage my global experience and expand EFG Hermes Asset Management’s products to a wider international client base. In addition, I aim to work closely with key members of the team to continuously look at ways to enhance the product offerings and ensure we preserve and grow our assets under management," said Hussain.
