Mubasher strengthens investment research capabilities following appointment of new global research chief

Elalfy brings over 15 years of professional experience, including 13 years in the investment field and more than two years in the telecoms sector. He has been a CFA charterholder since 2008 and currently is the President of CFA Egypt Society.

Mubasher has further revealed that the appointment is in line with the company's strategy to strengthen its ability to develop and introduce more innovative investment solutions and value-added services to its growing client base. Prior to joining Mubasher, Elalfy was Director & Co-Head of Research at CI Capital, the wholly-owned investment bank of Commercial International Bank (CIB), Egypt's largest private-sector commercial bank. Elalfy, who started his career as an Analyst at King Street Capital Management, a New York-based hedge fund manager, holds a BBA (Summa Cum Laude) in Finance & Investments from Baruch College, the City University of New York (CUNY) and an MBA from the American University in Cairo (AUC).

Malek Kanawati, CEO, Mubasher, said: "The appointment of Amr Hussein Elalfy is an important step that further strengthens our ability to identify key growth opportunities and introduce value-driven solutions. Moreover, it underlines our continuing thrust to expand and strengthen our senior management team, which serves as a strong reassurance of our commitment to maintain the highest level of quality and excellence in our core offerings. Mubasher remains firmly committed to satisfy the evolving needs of our clients and sustain the robust growth performance of the company across the Middle East."

Amr Hussein Elalfy said: "I am very excited to join Mubasher's energetic and innovative team and look forward to growing the company's investment research capabilities in the Arab world. Building on Mubasher's existing state-of-the-art financial brokerage platforms, I will follow a research-based, client-focused investment approach that will deliver long-term value to our growing base of clients."

Mubasher Financial Services is a subsidiary of NTG that offers direct market access (DMA) to Middle Eastern and leading international stock markets through a single trading hub. The company supports both electronic and manual Straight-Through-Processing order execution on multiple markets including GCC, MENA, South East Asian markets, US and European markets through its brand dutrade.com. It offers brokerage services via various trading platforms, dealer-assisted order placing, research, and dedicated relationship managers.