Emirates NBD Egypt and EFG Hermes Expand Partnership to Broaden Access to Equity Investments

Emirates NBD Egypt has signed a new distribution agreement with EFG Hermes, an EFG Holding company and the leading investment bank in the MENA region, to make two EFG Hermes managed equity funds available to its clients. The agreement expands the bank’s wealth management offering, giving clients greater choice across conventional and Shariah-compliant equity investments.

The agreement builds on a relationship established in 2018, when Emirates NBD Egypt launched its first mutual fund and appointed EFG Hermes Asset Management as fund manager. This latest expansion brings EFG Hermes’ investment expertise to a wider client base through the bank, providing more opportunities for clients to diversify their portfolios in line with their investment goals and risk preferences.

Mustafa Ramzi, Head of Retail Banking & Wealth Management at Emirates NBD Egypt, said: “This step represents a natural extension of our partnership with EFG Hermes, which has been in place since 2018, and reflects our continued commitment to developing the wealth management and investment ecosystem at Emirates NBD Egypt. We are focused on building an integrated platform that enables our clients to access a broader range of investment solutions, including Shariah-compliant offerings, while continuing to provide advice and solutions tailored to their investment goals and needs.”

Nabil Moussa, Head of Asset Management at EFG Hermes, added: “Broadening access to professional fund management is central to our partnership with Emirates NBD Egypt. By making two of our equity funds available through the bank, we are giving more clients access to our investment expertise and a choice of strategies to support their financial objectives. Building on the relationship we have developed since 2018, we see significant potential to introduce additional investment products together and respond to clients’ evolving needs.”

The agreement brings together Emirates NBD Egypt’s client reach and EFG Hermes’ asset management capabilities to make professionally managed equity investing more accessible in Egypt. It also supports the bank’s broader strategy to build a comprehensive wealth management offering around clients’ differing investment priorities.