- EFG Hermes has appointed industry veteran Amr Seif as head of the firm's asset management division. EFG Hermes Asset Management controls assets under management of around $2.8bn across a complete portfolio of products and services, backed by on-the-ground presence that spans the MENA region. Seif, who assumes his duties at EFG Hermes Asset Management from today (1 October), joins the firm from regional investment company Citadel Capital, where he was managing director of Finance Unlimited.

After beginning his professional career in Egypt in 1991 with Shell and, later, Citibank, Seif worked for a decade in London with JP Morgan and Investec as a fund manager, where he maintained a focus on markets including Turkey, Eastern Europe, the Middle East and North Africa. Throughout, Seif both managed existing funds and launched new products, earning a reputation for delivering consistent excess returns over relevant benchmarks and for topping like-for-like peers in both rising and declining markets.

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