Al Ain will eventually have representation from 30-40 brokerage houses, and EFG-Hermes's presence there will increase the firm's breadth of trading capabilities across the UAE and offer clients living and working in the vicinity a more convenient way of trading.
Seif Fikry, Head of Brokerage at EFG-Hermes UAE, said: "The Al Ain branch is another addition to our customer-centric brokerage services. Along with the newly opened Contact Centre in the Emirates Towers in Dubai and our recently launched online trading service, we are aiming to give investors across the UAE more control over their investments."
EFG-Hermes also has branches at the Dubai Financial Market (DFM), ADSM, and in Ras Al Khaimah.
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EFG-Hermes expands brokerage operations to Al Ain
- United Arab Emirates: Sunday, October 01 - 2006 at 14:56
- PRESS RELEASE
Supporting the recent move by the Abu Dhabi Securities Market (ADSM) to set up an exchange floor in Al Ain, EFG-Hermes has announced the expansion of its brokerage operations to the city.
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About EFG-Hermes BrokerageEFG-Hermes Brokerage facilitates customer transactions for a diverse base of over 30,000 institutional and individual clients in the US, UK, Europe and the Middle East, and enjoys unparalleled reach into multiple markets.
In 2005, EFG-Hermes achieved 23.5 per cent brokerage market share in Egypt, and 6% in the UAE, and is increasingly present across regional markets. In March 2006, EFG-Hermes became the first regional financial institution to gain membership of the DIFX as a trading and dealing member.
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Posted by Lara Lynn Golden, News EditorSunday, October 01 - 2006 at 14:56 UAE local time (GMT+4)
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This article was updated on Fri Dec 22 2006.
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