Pharos Holding signs global agreement with Exotix Capital
Relationship potential to increase exposure of Egypt’s capital market to new institutional clients: Teymour
Pharos Holding for Financial Investments has signed a major agreement with Exotix Capital, the Londonbased global emerging markets (EMs) investment bank.
Pharos and Exotix signed a Chaperone agreement to trade with clients across the US and the Egyptian market in March.
Pharos Holding’s COO, Angus Blair, said it is important that the agreement reaches a boarder range of clients internationally.
“Following the positive working relationship between the teams of Pharos Holding and Exotix Capital, both firms have now deepened their relationship further, and have signed a global agreement,” he added.
Blair noted that this agreement will allow Exotix clients from across the world, including many of the world’s major institutional investors, to have access to Pharos Research, as well as the Egyptian market to trade and invest through Pharos Brokerage. He pointed out that utilising the sophisticated Exotix technology would help Pharos Research to reach global clients. Pharos Holding will work with Exotix and its other partners across the world to help offer research which is produced on the ground of EMs offering an increasingly important resource for fund managers. They will include joined sectoral research from the network with Exotix and its wider Ems.
This agreement helps to build a deeper and more sustainable strategy for long-term growth for Pharos and Exotix, as well as offer an increasingly attractive product to global investment institutions, Blair elaborated.
Duncan Wales, CEO of Exotix Capital, commented “This partnership allows the delivery of an ever more extensive sector to our clients around the world, and provides more of the valuable insights to support their investment decisions. As our network continues to add more and more high-quality partners like Pharos, that simply is not available anywhere else.”
Group Chairperson and CEO of Pharos Holding, Elwy Taymour, stated “The global agreement with Exotix is an exciting step for Pharos as it plugs us into a very much larger network of global clients. This growing network should drive both Pharos and Exotix to increase our joint share of international investment flows.”
Taymour added that this relationship also offers the potential to increase the exposure of Egypt’s capital market to new institutional clients.