EFG Hermes, an Egyptian based investment bank, has appointed industry veteran Sadiq Hussain as Managing Director at the firm’s Asset Management Division to head Business Development.

Hussain will be based in Dubai and will be reporting directly to Amr Seif, Head of EFG Hermes Asset Management.

With 25 years of international experience in emerging and regional markets, Hussain joins EFG Hermes from J.P. Morgan Securities in Dubai, where he worked for the last eight years as Head of MENA Equities and Global Frontier Markets.

He has previously held posts in ING Barings (New York), Bank of America Merrill Lynch (Hong Kong) and AKD Investment Management (Karachi).

"I am pleased to join an organisation that has consistently outperformed and delivered substantial returns to its clients with a high level of professionalism. I intend to leverage my global experience and expand EFG Hermes Asset Management's products to a wider international client base," said Hussain.

In addition, I aim to work closely with key members of the team to continuously look at ways to enhance the product offerings and ensure we preserve and grow our assets under management," he added.

Hussain’s diverse international experience combined with his knowledge of frontier markets, an area in which EFG Hermes Asset Management is currently looking to expand, will help to enhance the firm’s sales and distribution reach globally.

EFG Hermes Asset Management is the premier investment manager in the Middle East and North Africa.

With $3bn in assets under management, the division offers a wide variety of funds and portfolios to an equally diverse range of clients backed by on-the-ground presence that spans the MENA region.

“I am delighted to welcome Sadiq as a senior member of Asset Management. He will be a valued member of the team. Hiring him is evidence that we commit quality resources to achieve our target of widening our sales and distribution reach geographically and to contribute to the overall development of our product range. I welcome Sadiq and expect him to deliver with excellence,” said Seif.