Renaissance Capital, a leading emerging and frontier markets investment bank, appointed on Tuesday Nancy Adel Fahmy as Vice President of Financial Services Research in Egypt.
According to the announcement, she will be covering financials across Egypt, North Africa and the Gulf Cooperation Countries, and will report to Ahmed Hafez, head of Research, MENA, and Amr Helal, North Africa CEO.
“We are delighted that Nancy is joining the firm. We are now in the process of enhancing our on-the-ground team and are actively expanding our research coverage of the MENA region. Today, we see Egypt as screening well as an investment destination for investors and are well-positioned to provide best-in-class research support,” said Hafez
On the other hand, Helal explained that the investment bank’s strategy aims to establish and enhance its foothold in the region, and its strong belief in the Egyptian market is further cemented by Egypt’s impressive reform-led growth story, and increased investor interest.