EFG Hermes, the leading investment bank in the Arab world, has been ranked the top research house in the Middle East in global business magazine Euromoney’s Third Annual Middle East Equity Research Poll. This is the third consecutive year that the firm’s research department has topped the Euromoney survey, reflecting the high quality of their consistently thorough and unbiased research.
The EFG Hermes research team collected eight first-place rankings, twice as many as the next-best research house. The Euromoney poll, conducted in May and June of this year, asked 321 global portfolio and fund managers with regional equity investments which analysts were providing the best research coverage of the region’s listed companies.
“Euromoney is very pleased with the continued growth in respondents to the survey, which is now in its third year, proving the Gulf continues to be a market of interest to major international institutional investors,” commented Euromoney Magazine Chief Executive Officer Simon Brady. He further added that, “The bursting of the bubble has hopefully taught more investors the value of solid research as a tool to aid them in their decision making.”
“We are very pleased to be recognized once again by our clients in such a turbulent year which, I believe, reflects the depth of our knowledge of the Middle Eastern and North African markets and the quality of our work. I am confident this will continue to set us apart as the authoritative resource for the MENA markets,” said Wael Ziada, Head of Research at EFG Hermes. “I would like to congratulate both the research and sales teams whose hard work and commitment have been rewarded by this strong showing in the survey.”
The EFG Hermes research team ranked number one in eight sectors including, among others, telecoms, industrials, oil and gas and pharmaceuticals. The group’s economics and strategy research were also ranked top by industry respondents.