​The Team

Ahmed Shams El Din 

Head of Research

Ahmed Shams El Din has 16 years of rich practical experience in the financial services and consulting fields. Ahmed joined EFG Hermes in 2006 and is now Managing Director and Head of Research after holding numerous management roles. As an analyst he led the research coverage team in the Materials and Downstream Oil and Gas sectors (including Petrochemicals and Fertilisers) covering some of the largest listed industrial stocks in MENA, LSE, and Euronext N.V. He was highly ranked by international investors and fund managers as an analyst in global surveys (such as Institutional Investors, Thomson Reuters Extel and the Euromoney Middle East poll) for research in EMEA and MENA regions.
Ahmed Shams received his MBA degree from INSEAD, Executive Global MBA, Business Administration and Management.

Mohamed Abou Basha

Vice President, Research | Economics
Mohamed Abu Basha is the MENA economist at EFG Hermes Research Department with a decade of experience in macro research. He is also a member of the Macro-Strategy team covering MENA’s strategy. Prior to joining EFG, Abu Basha was an Economic Researcher at the Ministry of International Cooperation in Egypt since 2006. Abu Basha holds a BA from the American University in Cairo double majoring in Economics and Political Science.​

Tarek El Shawarby

Director, Research | Consumer/Industrial
Tarek El-Shawarby has been working in the equity research field for more than 12 years. He is responsible for healthcare (hospitals, labs and pharmaceuticals) and building material (cement and ceramics) coverage in Saudi Arabia and Egypt. He joined the EFG Hermes Research team in 2000 as a banking analyst for four years, covering Egypt and Kuwaiti banks before moving to the telecom industry, first at Vodafone Egypt and then in the finance department at Vodafone Group in the UK. Tarek re-joined EFG Hermes in 2008 in the sales strategy divisio​n, covering small- and mid-caps in the GCC and North Africa for a year before moving back to the research department, where he covered diversified industries including retail, consumer, textiles, household durables, industrial materials and cables. He graduated from Cairo University with a degree in Finance, and concluded EFG Hermes’ Credit & Investment Course.

Wafaa Baddour

Managing Director | Consumer Staples/Materials
Wafaa Baddour joined EFG Hermes in 2002. She has 19 years of experience as an equity analyst covering the consumer, retail, healthcare, materials and industrials sector in the MENA region as well as a strategist covering the Egyptian market between 2004 and 2007. She joined EFG Hermes with five years of experience at Flemings-CIIC, which merged with EFG Hermes in 2002. She worked on several IPOs/private placements including Cleopatra Hospital Co., Integrated Diagnostics Holdings (IDH), Edita, Arabian Cement Co., Juhayna Food Industries, Elsewedy Electric, Arafa Holding, Oriental Weavers, Lecico and Olympic Group. Wafaa holds a Bachelor’s of Commerce from Cairo University and is a Certified Financial Analyst (CFA).

Hatem Alaa 

Director, Research | Consumer

Hatem Alaa joined EFG Hermes in 2011 and is currently heading the consumer and retail team at its equity research division. Prior to joining EFG Hermes, Hatem worked for five years at HC Securities and Investment as a sell-side analyst, where he led a team that covered a number of diversified sectors in the MENA region, including consumer, logistics, transportation, steel and oil and gas. He also covered other sectors including healthcare, banking and financials. EFG’s consumer team was ranked runner up in the 2015 and 2016 Institutional Investor EMEA Research surveys. Also, Hatem ranked fifth among MENA analysts in the 2016 Extel Survey. Hatem is a CFA Charterholder and holds a BA in Business Administration from the American University in Cairo (AUC). 

Omar Maher

Vice-President, Research | Telecommunications​
Omar Maher has worked as a MENA Telecom analyst at EFG Hermes since 2008 and is currently heading the Telecoms team. His coverage includes telecom stocks listed in Egypt, UAE, Saudi Arabia, Qatar, Kuwait, Oman and the UK. Omar joined EFG Hermes after successfully completing the firm’s Investment Banking Programme in which he ranked amongst the top 10 graduates of the class. He graduated from the Faculty of Commerce, Ain Shams University, Egypt in 2007 and from Poitiers University, France, simultaneously, with two bachelor degrees in Business Administration.

Simon Kitchen

Head of Macro-Strategy​
Simon Kitchen has worked in Middle East financial markets for 16 years. He leads the macro-strategy team at EFG Hermes. The strategy team was top-ranked for MENA Strategy in the 2015 Institutional Investor survey. He joined the bank in 2007, initially covering economies in North Africa and the Levant. Before EFG Hermes, he worked for Eurasia Group, the political risk consultancy, in New York and Cairo, leading the firm’s coverage of Egypt, Iran and Israel. Simon studied at Edinburgh University in Scotland and Columbia University in New York.​​​​​​

Murad Ansari
Managing Director, Research | Financials - KSA/UAE/Oman
Murad Ansari joined EFG Hermes in 2007 and part of the MENA financials team. His specific coverage responsibilities include banks and insurance companies in Saudi Arabia and Oman. Murad holds a Masters of Business Administration, and has over 15 years of experience of equity research and sales marketing. Before joining EFG Hermes, Murad headed the research and institutional sales effort of one of the largest investment banks in Pakistan. 

Elena Sanchez 

Managing Director, Research | Financials​
​​Elena Sanchez-Cabezudo serves as Co-Head of Financials Equity Research at EFG Hermes, and covers banks across different countries in the MENA region. She has 15 years of sell-side financials research experience, combining coverage of European and MENA financials. Prior to EFG Hermes, Elena was a banking analyst at HSBC in London, with a particular focus on Southern European banks. Previously, she worked as an analyst with the European Insurance Equity Research teams at HSBC and Societe Generale in London. Elena holds dual degrees in Law and Business Administration from ICADE, Universidad Pontificia de Comillas (Madrid), and has been a CFA Charterholder since 2003. ​​​​

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Last updated on September 07, 2016