Karim Awad
Group CEO and Chairman of the Executive Committee
Mr. Karim Awad is Group Chief Executive Officer, Chairman of the Executive Committee, and a member of the Board of EFG Hermes Holding. With over 21 years of experience, Mr. Awad started his career in EFG Hermes in 1998 in the Investment Banking department, eventually heading the division in 2007 and leading several high-profile local and regional transactions. He assumed managerial roles in the Firm thereafter, first as CEO of the Investment Bank in 2012 and then as Group CEO in 2013.
Since then, Mr. Awad has led a substantial restructuring that included streamlining its expenses and divesting its non-core assets, they key being its stake in Lebanese bank Credit Libanais. Working together with the EFG Hermes senior management, Mr. Awad spearheaded a major shift in the Firm’s strategy that transformed EFG Hermes from a MENA-based investment bank to a frontier markets financial solutions house. To achieve this vision, the Firm focuses on six pillars: hiring the best people, improving the Firm’s positioning in markets it operates in, selectively expanding its geographical presence, enhancing its product offering, increasing profitability metrics and ensuring that public responsibility remains front and center in all its operations.
During the past seven years, the Firm was able to enhance its market share in its core sell side operations of investment banking, brokerage, and research while expanding its presence to six new markets that span sub-Saharan Africa and Asia. The buy side business was completely revamped through the consolidation of its regional asset management business with affiliate Frontier Investment Management (FIM) in 2017 and the re-emergence of an active Private Equity division that is a key player in renewables, education, and healthcare. The Firm was also able to significantly increase the suite of products it offers to clients by building full-fledged non-bank financial institution platform that currently includes leasing, factoring, microfinance, consumer finance, mortgages, payment and insurance in addition to fixed income and structured products platforms. The strategic shift helped drive growth in the Firm’s revenues that reached EGP 5.5 billion and profits that topped EGP 1.3 billion in 2020 all while maintaining a strong commitment to the communities we operate in through an active CSR policy and actively adopting progressive ESG standards.
Mr. Awad holds a BA in Business Administration from the American University in Cairo
Mohamed Ebeid
Co-CEO of the Investment Bank
With more than two decades of experience with EFG Hermes, Mr. Mohamed Ebeid is currently the Co-CEO of the Investment Bank, a position he took up in 2016 with a mandate to grow the business on the sell-side and to expand its product offering in multiple continents. Since then, he has successfully built the Firm’s Frontier business with on-the-ground operations in four different continents, giving clients access to more than 75 markets around the world. He has also led the development of the Firm’s Structured Products Platform, which has pulled in trades worth c. USD 2 billion in its first two years since inception. In addition to the creation of the Fixed-Income Desk, which began operations in 2018 and is performing effectively.
Mr. Ebeid began his career with the Firm in 1999 in the Brokerage division and has since held numerous positions within the Firm, the most recent prior to his current post being Co-Head of Brokerage, where he managed just in over two years to restructure the business and streamline its activities all while boosting profitability. He held the post of Head of Institutional Sales beginning 2006 where he managed to add GCC institutional clients and sovereign wealth funds to the Firm’s client base. He led the team on every single ECM transaction during his tenure, raising more than USD 20 billion in ECM transactions across jurisdictions. Mr. Ebeid was also an integral part of EFG Hermes’ Institutional sales team, heading an endeavor to expand the Firm’s western institutional client base and further root the business in its home market of Egypt. During that time, he was part of the team executing the Firm’s expansion plan in the MENA region and directing its capabilities in terms of research and corporate access.
Karim Moussa
Co-CEO EFG Hermes Investment Bank, Head of Asset Management and Private Equity, and CEO, Vortex Energy
Mr. Karim Moussa joined EFG Hermes in 2008, with a primary responsibility of building the Group’s infrastructure Private Equity (PE) platform. During this time, he closed several flagship PE deals, such as Nasdaq-Dubai’s USD 445 million take-private of DAMAS International and later its exit, delivering c. 2x cash-on-cash returns. He led the creation of the Vortex Energy Platform and raised and deployed over USD 500 million in equity in yielding renewable energy assets across Europe. In 2019, he completed an exit of a portfolio of net c. 457 MW in onshore wind assets in France, Spain, Portugal, and Belgium to funds managed by J.P. Morgan, realizing attractive divestment returns and paying net cash yields in excess of 5% p.a. to investors. In 2020 he continued the successful divestment of Vortex assets, selling a controlling stake in its 365 MW UK solar portfolio to Tanaga Nasional for c. GBP 500 million EV, delivering c. 13% IRR and 1.4x cash-on-cash returns. Mr. Moussa recently led the launch of an education fund in partnership with GEMS Education, dedicated to investing in K-12 schools in Egypt, closing the fund at commitments of c. USD 150 million.
Since 2017, he has been appointed Co-CEO of EFG Hermes Investment Bank, responsible for the entire buy-side business of the Group. Karim sits on the Investment Committee of several EFG Hermes’ sponsored funds and on InfraMed’s Investors Board, with combined AUM of c. USD 3.5 billion. He is also a member of the Board of Directors of various portfolio companies.
Prior to joining EFG Hermes, Mr. Moussa was Vice President at Deutsche Bank’s Global Banking division, with responsibilities for M&A, ECM, and DCM advisory in the MENA region. In this role, he advised on the USD 4.2 billion Dubai Ports World IPO, the USD 670 million sale of Sokhna Port to Dubai Ports World, and the USD 1.4 billion LBO of the Egyptian Fertilizers Company by Abraaj Capital. He joined Deutsche Bank in 2001 as an Analyst in the M&A execution team in Frankfurt, advising on several mid-cap transactions in Continental Europe. He moved to Dubai in 2005 with the CEO of Deutsche Bank MENA to help establish the bank’s regional business. Prior to Deutsche Bank, Mr. Moussa worked as an Investment Analyst at Berlin Capital Fund, a venture capital fund managed by the Berliner Bank.
He holds an MBA and a degree in Mechanical Engineering (Diplom Wirtschaftsingenieur) from the Technical University of Berlin.
Mohamed El Wakeel
Group Chief Operating Officer
Mr. Mohamed El Wakeel is the Group Chief Operating Officer at EFG Hermes. Following three years at HSBC, Mr. El Wakeel joined the Firm in 2000 as part of the operations team of the Brokerage division. Through his efforts in streamlining the Brokerage division’s operations to ensure best-in-class practices and efficiency, he has since moved up the ranks, first heading brokerage operations for Egypt then becoming the Securities Brokerage Group’s Head of Operations. As Head of Operations, Mr. Wakeel played a pivotal role in setting up, and integrating the operations of the Firm’s newly launched offices in new markets. Furthermore, his role included strengthening the IT infrastructure, upgrading the Firm’s security framework, and enhancing in-house app development to encompass the requirements of all lines of business.
Prior to becoming Group COO, he was Group Head of Market Operations at the Firm, where his hands-on experience has been key to the enhancement of EFG Hermes’s operations across multiple lines of business.
Abdel Wahab Mohamed Gadayel
Group Chief Risk and Compliance Officer
Mr. Abdel Wahab Mohamed Gadayel is EFG Hermes Holding’s Group Chief Risk and Compliance Officer, a post he has held since 2013. Prior to this, he served as Group Head of Compliance for three years, where he played a key role in initiating and evolving the Group’s policies and procedures and enhancing the Group’s compliance framework.
Mr. Gadayel joined EFG Hermes in 1998 as Operations Officer, later being promoted to Deputy Head of Operations,— a role he held until 2004.
He also worked on integrating newly acquired offices in the lower GCC region as the Group rapidly expanded into new markets during his tenure as Managing Director of Operations at EFG Hermes UAE between 2004 and 2009.
Mr. Gadayel is a Cairo University graduate, where he majored in Economics and minored in Political Science.
Mohamed Abdel Khabir
Group Chief Financial Officer
Mr. Mohamed AbdelKhabir is EFG Hermes’ Group Chief Financial Officer, and a board member in several EFG Hermes subsidiaries. Prior to his current post, Mr. AbdelKhabir joined EFG Hermes’ Investment Banking division in early 2008, where he remained until March 2016 as a Director.
Mr. AbdelKhabir’s notable transactions during his investment banking tenure include the IPO of Integrated Diagnostics Holding (IDH) through a secondary offering worth USD 334 million in the LSE. He was also involved in the sale of Cleopatra Hospital in Egypt to the Abraaj Group, the merger of Al Borg and Al Mokhtabar laboratories, ENPC’s USD 1.05 billion syndicated loan, and the issuance of ODH EDRs worth USD 1.8 billion.
Previously, he held the position of Financial Planning Manager at Procter and Gamble in the Corporate Finance division with a focus on financial planning, budgeting, corporate restructure, integration, and profit forecasting.
Mr. AbdelKhabir holds a BA in Business Administration from the American University in Cairo with a concentration in Finance and a minor in Economics and Psychology. He is also a CFA charter-holder.
Walid Hassouna
Chief Executive Officer of EFG Hermes Finance Group Head of Debt Capital Markets,EFG Hermes
Mr. Walid Hassouna is the Chief Executive Officer of EFG Hermes Finance, the Non-Bank Financial Institution platform and a member of the Executive Committee of EFG Hermes. He is also the Head of DCM and Chairman of PayTabs Egypt and EFG- EV Fintech.
Mr. Hassouna is also a Non-Executive Board Member of valU, Tanmeyah Microenterprises, EFG Hermes Corp-Solutions, Tokio Marine Life Insurance, and Bedaya for Mortgage — all subsidiaries of EFG Hermes Finance. He is also a Board Member at Karm Solar and previously the CEO of valU.
Prior to joining EFG Hermes in 2016, Mr. Hassouna was General Manager and Head of Structured Finance and Investment Banking at Bank Audi. Over a 17-year banking career that began at Misr International Bank, he closed structured and project finance transactions in excess of USD 15 billion.. He also structured and executed several award-winning deals in project finance and M&A within Egypt and GCC, in addition to several investment banking transactions. He has also been the Head of Structured Finance and Syndication in Banque Misr where he successfully managed to top the league table of the MENA region in syndicated loans.
Mr. Hassounais a B.B.A holder from Cairo University, where he graduated with highest honors. He also holds an MBA from J. Mack Robinson College of Business, Georgia State University as well as an Islamic Finance Qualification from CISI- UK.
Inji Abdoun
Group Chief Human Resources Officer
Ms. Inji Abdoun joined the Human Resources department at EFG Hermes in June 2007 as HR Manager for the UAE with a mandate to establish HR for the Group’s operations, while contributing to the department’s Group-wide initiatives with a focus on talent management. Her mandate saw an expansion in early 2008, as she took on an active role in the integration of the then-newly acquired Oman operation, as well as the enhancement of the HR offering in the KSA operation and later the integration of the Kuwait operation.
In 2009, Ms. Abdoun became the Group Head of Human Resources, overseeing the full spectrum of the department’s functions across the Group while working closely with the Firm’s management team providing HR insight to business issues. As of 2017, Inji became the Group’s Chief Human Resources Officer, continuing to oversee the Group’s HR activities and working with the executive team as part of the group’s Executive Committee.
Prior to joining EFG Hermes, Ms. Abdoun assumed HR management roles at LINKdotNET (an OT subsidiary), Fayrouz International (a Heineken subsidiary), as well as a role in career advising and placement at the American University in Cairo’s Career Advising and Placement office (CAPS), accumulating more than 19 years of experience in the field.
Ms. Abdoun is a SHRM Senior Certified Professional and a certified Myers-Briggs practitioner, and holds an MBA from the MIT Sloan School of Management.