EFG Hermes, a leading investment bank in the Middle East and North Africa (MENA) and a subsidiary of EFG Holding, is pleased to announce the appointment of Dr. Khalid AlSweilem as the new Chairman of EFG Hermes KSA. This appointment reflects EFG Hermes' continued commitment to expanding its presence in the Kingdom and supporting the growth of its operations in alignment with Saudi Arabia's Vision 2030.
Dr. AlSweilem is a distinguished leader in the global investment arena, recognized for his innovative approach to financial strategy and his extensive leadership experience. As a visiting scholar at the Center of Sustainable Development and Global Competition (SDGC) and the Stanford Long-Term Investing Initiative (SLTI), he has significantly influenced thought leadership in long-term investment strategies. His notable career at the Saudi Arabian Monetary Authority (SAMA) includes serving as the Director General of Investment, where he held key leadership roles since 1991.
Dr. AlSweilem holds a PhD in Economics from the University of Colorado and a Post-Doctoral Fellowship from Harvard University. His academic expertise includes serving as a fellow expert at Harvard Kennedy School. In addition to his current positions as Chief Global Sovereign Funds Advisor at Ninety One Asset Management and Chairman of Ninety One Capital Saudi Arabia, Dr. AlSweilem’s leadership at EFG Hermes KSA is poised to foster new growth and innovation for the firm.
Mohamed Ebeid, Co-CEO of EFG Hermes, an EFG Holding company, expressed his enthusiasm about the appointment, commenting, “We are excited to welcome Dr. Khalid AlSweilem as Chairman of EFG Hermes KSA. His extensive experience, paired with his leadership in the field of investment, will be instrumental as we continue to expand our presence in the Kingdom. His vision aligns with our strategic goals, and we are confident that EFG Hermes KSA will play a key role in contributing to Saudi Arabia’s economic development under his guidance”.
Saud Altassan, CEO of EFG Hermes KSA, added, “Dr. AlSweilem’s appointment comes at a critical time for EFG Hermes KSA as we continue to scale our operations and introduce innovative financial solutions tailored to the evolving needs of the Saudi market. His wealth of knowledge and leadership will undoubtedly enhance our ability to deliver world-class financial services across the Kingdom”.
Commenting on his new role, Dr. Khalid AlSweilem, Chairman of EFG Hermes KSA, stated, “I am thrilled to join EFG Hermes KSA at such a pivotal time for both the firm and the Kingdom. EFG Hermes’ commitment to Saudi Arabia and its role in driving the country’s financial landscape is outstanding, and I look forward to contributing to the firm’s growth and success. Together, we will foster financial innovation and support the Kingdom’s long-term objectives”.