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Pharos Holding for Financial Investments: New Chaperone Partner for trading in the USA

March 2018 - Cairo , Egypt

It is with great pleasure Pharos (Pharos Holding for Financial Investments) announces that from 15th March the Brokerage division, Pharos Securities Brokerage S.A.E., will be operating with Exotix USA, Inc. as our Chaperone Partner in meeting and trading with clients across the USA.

Mr. Elwy Taymour, Group Chairman and co-CEO, notes: “We look forward to working with Exotix USA, Inc. in the USA to expand our joint reach to reach new institutional clients, just as the economic turnaround in Egypt is beginning to attract far larger equity flows into the stock market.” He adds: “With the wide footprint which Exotix holds in emerging markets, the working relationship with Exotix allows Pharos to inform a wider client base about the Egyptian capital markets and the economy, through our Research product and in sales within our Brokerage division.”

Mr. Angus Blair, Chief Operating Officer said: “The engagement between both Pharos and Exotix USA, Inc. in the USA should help lead to US institutional investors being much better informed of developments in Egypt and their context within emerging markets. We look forward to ensuring that the partnership with Exotix will be long and successful.”

Mr. Duncan Wales, CEO of Exotix Capital said: “We are delighted to add further depth to our global research and trading capabilities through our partnership with Pharos,” adding, “Egypt is a growing focal point for Exotix as one of the region’s larger and more robust financial markets, and we are keen to share in an ever-bigger role as the economy develops.”


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