Pharos Hold­ing signs global agree­ment with Ex­otix Cap­i­tal

Re­la­tion­ship po­ten­tial to in­crease ex­po­sure of Egypt’s cap­i­tal mar­ket to new in­sti­tu­tional clients: Tey­mour

The Daily News Egypt - - Front Page - By Shaimaa Al-Aees

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.

It is im­por­tant that the agree­ment reaches a boarder range of clients in­ter­na­tion­ally

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