Concord International Investments Group: Best Asset Manager Egypt 2019

Over the past three years, Egypt has implemented the reforms and austerity measures required to hasten its economic recovery and establish the country as a preferred destination for foreign direct investment. The country has benefited from an Extended Fund Facility arrangement from the International Monetary Fund (IMF) which allocated $12b to support Egypt’s macroeconomic stabilisation and strengthen GDP growth. The final disbursement of the loan was released in July and the IMF arrangement ends in November, but the stage has already been set for success. Officials are confident the policies put in place will continue creating an attractive space for foreign investors. As the first foreign fund manager to be fully licensed in Egypt, the Concord International Investments Group extends a warm invitation to investors hoping to realise attractive returns. The SEC-registered firm is based in New York City with offices in Cairo and Tokyo, effectively managing Egyptian, Turkish, and US equity and fixed-income securities directly or through the portfolios and funds of its affiliates. The CFI.co judging panel is well-versed in the merits of Concord’s asset management prowess as the firm has been recognised in previous award programmes. With national GDP growth topping 5 percent, unemployment hitting a 20-year record low, and Egyptian bonds outperforming other emerging markets with the highest returns of the year (over 25 percent), Concord is perfectly positioned to capitalise on that momentum. The judging panel is happy to reaffirm its initial — and repeat — decision: Concord International Investments Group takes the 2019 award for Best Asset Manager (Egypt).

marten

Recent Posts

KBC Group: Best European Bank 2024

KBC Group continues to lead the European banking sector through its innovative bank-insurance model, delivering…

2 weeks ago

Ghana Stock Exchange: Best Stock Exchange for Economic Growth West Africa 2024

The Ghana Stock Exchange (GSE) has consistently demonstrated a commitment to driving economic growth and…

4 weeks ago

Nordea Asset Management: Best ESG Team Europe 2024

Nordea Asset Management (NAM) has championed responsible investment for over three decades, beginning in 1988…

1 month ago

SegurCaixa Adeslas: Best Insurer Spain 2024

SegurCaixa Adeslas, a pre-eminent Spanish health insurance company, has demonstrated a formidable and truly impressive…

2 months ago

Banco BPI: Excellence in Sustainable Banking Initiative Portugal 2024

Banco BPI's dedication to sustainability is a beacon of proactive environmental and social responsibility. Beyond…

2 months ago

BSE Ltd: Champions of Capital Market Innovation and Efficiency Asia 2024

BSE Ltd, formerly known as the Bombay Stock Exchange, is a crucial player in India’s…

3 months ago