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EFG Hermes

PRI reporting framework 2020

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Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other

Please specify

          31 Segregated Portfolios.
        
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Egypt

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

4849 FTE

02.4. Additional information. [Optional]

EFG Hermes started in Egypt and has grown over 30 years of success to become a leading financial services corporation with access to emerging and frontier markets. Drawing on our proven track-record and a team of more than 4,800 talented employees, we provide a wide spectrum of financial services that include investment banking, asset management, securities brokerage, research and private equity to the entire MENA region. 

In 2015, EFG Hermes launched the NBFI Platform, EFG Hermes Finance, which overlooks activities in the non-banking finance field through EFG Hermes Corporate Financing Solutions, Tanmeyah Microfinance,  and valU for instalment sale services. This falls in line with the Firm’s strategy to focus on two main pillars: product diversification and geographic expansion into frontier markets, which has seen the Firm establish a physical presence in Pakistan, Kenya, Bangladesh, the United Kingdom, the United States  and Nigeria.​ 

More information about EFG Hermes is available on the corporate website: www.efghermes.com


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.2. List your subsidiaries that are separate PRI signatories and indicate if you would like to report their RI activities in your organisation’s consolidated report.

Name of PRI signatory subsidiary

(Up to six subsidiaries may be reported)

RI implementation reported here
on a consolidated basis
          FIM Partners
        
          
        
          
        
          
        
          
        
          
        

03.3. Additional information. [Optional]

FIM Partners  is an EFG Hermes subsidiary and PRI Signatory as of 1 November 2019. 

FIM Partners UNPRI profile:  https://www.unpri.org/signatory-directory/fim-partners/5077.article

 


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

04.5. Additional information. [Optional]

FIM Partners (EFG Hermes subsidiary) managed USD 1,493,383,854 on behalf of institutional investors, HNWIs and Family Office’s.

FIM Partners (EFG Hermes subsidiary) manages one hedge fund and the FIM EM Frontier Fund. This is a long based strategy focused on extracting returns from the funds' target public equity markets through a combination of thematic idea generation and bottom up security selection. The fund has also the ability to raise cash and hedge its exposure to take advantage of short term opportunities and preserve capital during periods of market dislocation

 


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 10-50% 42.39444 0 0
Fixed income 10-50% 20.80006 0 0
Private equity <10% 8.03118 0 0
Property <10% 4.64053 0 0
Infrastructure 10-50% 18.74863 0 0
Commodities 0 0 0 0
Hedge funds <10% 3.27369 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash <10% 0.0012 0 0
Money market instruments 0 0 0 0
Other (1), specify <10% 2.11026 0 0
Other (2), specify 0 0 0 0

`Other (1)` specified

          Other (1): EFG Hermes Asset Management Balanced
        

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

EFG Hermes Asset Management client base is fully diversified comprising of a large number of local and international investors including private banks, insurance companies, pension funds, sovereign wealth funds, endowments and foundations, and high net worth individuals. The Firm’s principle services provided to its clients range from equity, balanced, asset allocator, fixed-income and money market products making EFG Hermes Asset Management the most diversified asset manager in the Egyptian market.

FIM Partners (EFG Hermes subsidiary) has assets under management that largely consist of public/listed equities. Fixed income and Real Estate are relatively new strategies and therefore FIM Partners will look to grow this asset base.

 


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

18.75 Developed Markets
72.00 Emerging Markets
9.25 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

FIM Partners (EFG Hermes subsidiary) invests and manages all their AUMs in frontier and emerging countries. (Frontier and Emerging Markets).

EFG Hermes Asset Management is the most diversified asset manager in the Egyptian market (Emerging Markets).

EFG Hermes Private Equity manages the European renewable energy platform "Vortex". The Private Equity team has built Vortex from a newcomer in the renewable energy investment field into one of the largest renewable energy-focused investment managers in Europe. Vortex is currently expanding into global markets, with an aim to geographically diversify its clean energy footprint. (Developed Markets).

EFG Hermes Private Equity entered into an exclusive partnership with GEMS Education (Global Education Management Systems), one of the world's leading providers of private English-language education for students from kindergarten to twelfth grade (K-12), to jointly establish a new platform focused on Egypt's K-12 education sector. With 20 million enrolled students and a highly underserved education sector, Egypt offers significant opportunities for creating value in education. (Emerging Markets).


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