close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

EFG-Hermes to cut bonuses, appoints Gulf executive

Bank says to cut back bonuses aggressively; Seif Fikry named chief executive for Gulf except Saudi; Shares down 0.2 percent, versus index up 1.4 percent

0

May 17, 2011 12:45 by



Egyptian investment bank EFG Hermes said it was cutting back bonuses to reduce costs by more than 20 percent this year.

“As part of a strategy to make the organisation leaner and with a target of cutting costs in 2011 by over 20 percent, the firm has elected to be aggressive with cuts to its bonuses in 2010,” it said.

EFG Hermes also said it had appointed Seif Fikry, who has worked for the Cairo-based investment bank for 14 years, as chief executive for the Gulf Arab states excluding Saudi Arabia.

Fikry’s new role will cover five countries: Oman, the United Arab Emirates, Qatar, Bahrain and Kuwait.

He has previously served as managing director and head of securities brokerage in the United Arab Emirates and Oman and has spearheaded the company’s brokerage business for five years in the five Gulf states. He will replace Philip Southwell.

EFG Hermes shares were down 0.2 percent at 0915 GMT with the broader stock market up 1.4 percent. (Additional reporting by Dubai bureau; Writing by Edmund Blair; Editing by Dan Lalor)



0

Tags: , , , , , , ,

Leave a Comment