Financial industry heavyweight Hussein El Sherbiny joins Pharos Holding as Managing Partner for Securities Brokerage

El Sherbiny was previously Chairman and Managing Director for HC Brokerage.

This represents a major development for Pharos as El Sherbiny is one of the most experienced figures in the securities brokerage field in Egypt.

His experience spans more than 18 years in financial institutions, more than 13 of which were spent in HC Group where he was credited with driving expansion and leading it to become amongst the top brokerage firms operating in Egypt.

He also serves as a board member of the Egyptian Stock Exchange.

"We are thrilled to have Hussein join Pharos. His extensive industry experience is a key advantage as Pharos pursues national and regional growth," said Dr Mohamed Taymour, Chairman of Pharos Holding.

"Securities brokerage is at the heart of any financial institution, and is one of our key focus areas. We have ambitious plans for this division and Hussein will be instrumental in achieving them."

"I am very excited to join Pharos' leadership team. The firm is uniquely positioned to capitalize on the growth of the Egyptian economy and my objective will be to deliver growth figures that outpace those of the economy," said El Sherbiny.

"Pharos is in a position to outperform competitors with a talented team combining unmatched experience and technical capabilities."