EFG Hermes, a leading investment bank in the Middle East and North Africa (MENA) region, has unveiled its newest services: Asset Servicing Arrangement and Custody Arrangement.
With the introduction of these services, EFG Hermes aims to address the challenges faced by high-net-worth individuals, family offices, and small- to mid-sized funds in accessing custody services, by offering unparalleled access to over 40 markets spanning the MENA, sub-Saharan Africa, Southeast Asia, Europe, and North America.
EFG Hermes streamlines custody arrangements, offering rates that are highly competitive and with no minimum investment or charges. This addresses a major pain point for many clients by providing a fully customizable experience.
The bank manages the Know Your Customer (KYC) process and due diligence, enabling clients to bypass traditional custodial access barriers. With a single agreement, clients can gain access to a vast array of markets, streamlining the often complex and fragmented market entry process. As the leading broker in the Middle East, EFG Hermes provides comprehensive services encompassing execution and custody, ensuring clients have everything they need to succeed.
Ahmed Waly Global Head of Brokerage – EFG Hermes, an EFG Holding Company
“At EFG Hermes, we continuously strive to innovate and provide our clients with solutions that meet their evolving needs. Introducing our Asset Servicing and Custody Arrangements is a testament to our commitment to expanding our offering by addressing the challenges that high-net-worth individuals and institutional and specialized investors face. By offering seamless access to over 40 markets and handling the complexities of custodial arrangements, we empower our clients to navigate global markets easily and confidently. This service underscores our dedication to delivering comprehensive support across multiple markets and ensuring our clients have the tools and resources they need to achieve their financial goals. We believe that this offering will set a new standard in the industry, provide a significant competitive advantage to our clients, and affirm our position as a trusted partner for investors seeking to expand their global footprint.”
The EFG Hermes’ new services provide new opportunities for existing clients, while attracting new clients to experience exceptional services. The services include a diverse range of asset classes such as equities, fixed-income instruments, and listed treasury bills, ensuring that clients can confidently manage their investments across diverse markets.
