At A Glance
EFG Hermes KSA has been in the Saudi Arabian market since 2007, as part of the Group’s growth strategy into the GCC region. With a paid-in capital of SAR 86,529,540 the Firm is considered as one of the top foreign financial institutions operating in one of the world’s most compelling economies.
We provide a wide spectrum of financial services spanning from Investment Banking, Securities Brokerage and Research. Combining our strengths and expertise, we offer our clients best in class products and services that are tailored to their needs and maximize their investment goals in a rapidly changing environment. The firm currently operates in the Saudi Arabia Market.
Leadership
Board Of Directors
The EFG Hermes KSA Board of Directors is composed of six members, highly-renowned independent members, and is headed by non-executive Chairman Yasser El Malawani. These leading professionals work together to ensure that the firm operates in compliance with the highest international standards of corporate governance
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Yasser El Mallawany Chairman of the Board Non Executive |
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Yasser El Mallawany Chairman of the Board Non Executive |
Yasser El Mallawany is the Non-Executive Chairman of the Board of EFG Hermes KSA & Non-Executive Vice Chairman of the EFG Hermes Holding Board. Since becoming the Chief Executive Officer of the firm in 2003, Mr. El Mallawany has played a key role in driving the consolidation of Egypt’s investment banking sector and facilitated the emergence of EFG Hermes Holding as the leading Arab investment bank. He began his career with 16 years at Commercial International Bank (CIB), formerly Chase National Bank, finally serving as the General Manager of the Corporate Banking Division. Mr. El Mallawany joined EFG Hermes at the time of the firm’s merger with CIIC. Mr. El Mallawany holds a Bachelor’s degree in Accounting from Cairo University.
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Karim Awad Board Member Non Executive |
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Karim Awad Board Member Non Executive |
Karim Awad is Chief Executive Officer and a member of the board of EFG Hermes Holding, the leading investment bank of the Arab world, with operations in seven countries serving regional and global clients. Since assuming leadership of the firm in 2013, Mr. Awad has led EFG Hermes’ return to profitability by building a comprehensive regional advisory pipeline; extended its leadership as the Arab world’s largest securities brokerage; continued to lead its peers in like-for-like rankings as an asset manager; successfully refocused private equity business; and continued to provide the region’s highest-quality research offering. During the first nine months of 2015, EFG Hermes generated revenues of USD 1,908 million and net profits of USD 381 million. Prior to assuming his current role, Mr. Awad was Chief Executive Officer of the Investment Banking platform with an overall responsibility for managing the firm’s Investment Banking, Securities Brokerage, Research, Asset Management, and Private Equity divisions. Earlier he was head of Investment Banking, having joined the division in 1998. Mr. Awad has a long track record advising major corporations on equity offerings and M&A transactions and was instrumental in the development of EFG Hermes’s debt advisory practice. During his tenure in the Investment Banking division, he led and closed transactions with an aggregate value of more than USD 40 billion.
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Ahmed Dawoud Independent Board Member |
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Ahmed Dawoud Independent Board Member |
Ahmed Dawoud is an independent board member in EFG Hermes KSA since 2014. Mr. Dawoud has a well-diversified telecom journey starting from Vodafone, Ericsson and Zain. Moved across several roles and functions in technical, strategy and commercial areas in both mobile operator and vendor environments. Mr. Dawoud graduated from the Faculty of Engineering-Cairo University in 1999, holds a Masters of Business & Administration (MBA) – Marketing & Strategy Concentration from Arab Academy of Maritime Transport, Science & Technology – Cairo.
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Wael Sarwat Aref Independent Board Member & Vice Chairman |
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Wael Sarwat Aref Independent Board Member & Vice Chairman |
Mr. Wael Sarwat Aref is an independent board member and Vice Chairman of the Board of EFG Hermes KSA since July 2018. Mr. Aref has 20 years of experiences in many multinationals such as G4S, Pepsico & Schneider Electric. Mr. Aref graduated in 1999 from Ain Shams University in Egypt with a Bachelor‘s in Accounting (English Department) and CMA holder.
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Maged Ali Head of Brokerage & Executive Board Member |
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Maged Ali Head of Brokerage & Executive Board Member |
Mr. Maged Ali Hassan is currently the Head of Brokerage and Board Member for EFG Hermes Saudi Arabia. He joined EFG Hermes Holding in 2001 as an institutional Broker, in 2007 moved to Hermes Saudi Arabia as Head of the trading desk, a position that he held until 2010 when he became Head of Securities Brokerage for KSA. With over 25 years’ experience in the market, Mr. Ali began his career in 1997 as a trader at Flemings CIIC Securities Brokerage and worked his way up to head the trading desk prior to the CIIC merger with EFG Hermes. Mr. Ali has also served as acting CEO of EFG Hermes Saudi Arabia from December 2010 to July 2011 and from April 2017 till June 2018 and the CEO From July 2018 to June 2022 .
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Saud Al Tassan Chief Executive Officer and managing director and head of investment banking |
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Saud Al Tassan Chief Executive Officer and managing director and head of investment banking |
Saud joined EFG Hermes KSA in 2022. He has over 15 years of experience in investment banking and was most recently Head of KSA Investment Banking at Bank of America Merrill Lynch, having joined them in 2019. Prior to that, Saud was the Chief Executive Officer of Swicorp where he spent over 9 years building on his extensive experience across Investment Banking, Asset Management and Private Equity. Prior to Swicorp, Saud worked at NCB Capital's Investment Banking JV with Goldman Sachs where he focused on M&A, and at Banque Saudi Fransi in Project Finance and Syndication. Saud has Bachelor’s degree of science in Business Administration from Suffolk University , Boston , MA, USA.
The Team
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Maged Ali Head of Brokerage & Executive Board Member |
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Maged Ali Head of Brokerage & Executive Board Member |
Mr. Maged Ali Hassan is currently the Head of Brokerage and Board Member for EFG Hermes Saudi Arabia. He joined EFG Hermes Holding in 2001 as an institutional Broker, in 2007 moved to Hermes Saudi Arabia as Head of the trading desk, a position that he held until 2010 when he became Head of Securities Brokerage for KSA. With over 25 years’ experience in the market, Mr. Ali began his career in 1997 as a trader at Flemings CIIC Securities Brokerage and worked his way up to head the trading desk prior to the CIIC merger with EFG Hermes. Mr. Ali has also served as acting CEO of EFG Hermes Saudi Arabia from December 2010 to July 2011 and from April 2017 till June 2018 and the CEO From July 2018 to June 2022 .
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Murad Ansari Head of Research KSA |
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Murad Ansari Head of Research KSA |
Murad Ansari joined EFG Hermes in 2007 and is co-head of the MENA financials team.. As part of the MENA Financials team, he is responsible for sector-focused strategy and research products. Mr. Ansari holds a Masters of Business Administration, and has over 15 years’ experience of equity research and sales. Before joining EFG Hermes, Mr. Ansari headed the research and institutional sales effort at one of the largest investment banks in Pakistan.
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Mohamed Hussein Amer Finance Director |
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Mohamed Hussein Amer Finance Director |
Mr. Mohamed Hussain Amer started his career in EFG-Hermes Holding in November 2005 in the Accounting Department of one of the group’s brokerage arms in Egypt. He went on to take up various roles within the group’s subsidiaries, namely Hermes Asset Management and EFG-Hermes Holding until he became the General Manager of Accounts for Financial Brokerage Group. Amer joined EFG Hermes KSA in January 2017 as an Accounting Manager. In August 2017 he went on to become the Finance Director. From February 2019 to July 2023, he managed Operations & Custody department in addition to his role as Finance Director. Mr. Amer holds a Bachelor of Commerce, with an Accounting specialization (English Section) 2005.
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Saud Al Tassan Chief Executive Officer and managing director and head of investment banking |
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Saud Al Tassan Chief Executive Officer and managing director and head of investment banking |
Saud joined EFG Hermes KSA in 2022. He has over 15 years of experience in investment banking and was most recently Head of KSA Investment Banking at Bank of America Merrill Lynch, having joined them in 2019. Prior to that, Saud was the Chief Executive Officer of Swicorp where he spent over 9 years building on his extensive experience across Investment Banking, Asset Management and Private Equity. Prior to Swicorp, Saud worked at NCB Capital's Investment Banking JV with Goldman Sachs where he focused on M&A, and at Banque Saudi Fransi in Project Finance and Syndication. Saud has Bachelor’s degree of science in Business Administration from Suffolk University , Boston , MA, USA.
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Hisham Shoukry Operations & Custody Manager |
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Hisham Shoukry Operations & Custody Manager |
Mr. Hisham Shoukry is the Operations & custody manager of EFG Hermes KSA . Mr. Shoukry has over 15 years of securities services experience within EFG Hermes. He manages all the firm’s operations and custody activities in KSA . Mr. Shoukry holds a Bachelor of Economics (English Section) 2006.