The Capital Quest | Egypt’s CI Capital hires Renaissance Capital exec as sell-side CEO of I-bank

Egyptian financial services CI Capital has named Amr Helal as the sell-side CEO of its investment banking unit.

Helal brings more than twenty years of experience spanning equity capital markets, debt capital markets and private equity across Egypt, MENA and emerging markets. He will assume oversight of the group’s investment banking, securities brokerage, and equity research lines of business.

Prior to joining CI Capital, Helal was the Chief Executive Officer of Renaissance Capital North Africa where he was responsible for leading the business across North Africa and the Middle East. During his tenure, Helal built the company’s presence in Egypt, effectively transforming it into one of the top three investment banks operating in Egypt.

Helal said: “I am delighted to be joining CI Capital, Egypt’s leading fully fledged financial services group, and I look forward to building on this success as we grow the business further in Egypt and beyond by delivering quality and added value to clients and stakeholders.”

Helal has previously worked at EFH-Hermes and now defunct private equity group Abraaj. He also had short stints at a PE firm jointly run by Duet Group and CI Capital before moving to an investment banking career at Renaissance.

Hesham Gohar, Group CEO of CI Capital Holding, added: “With our brokerage business leading The Egyptian Stock Exchange’s YTD ranks in terms of market share of executions, and the investment banking team’s record of closing landmark deals with an aggregate value surpassing $23 billion since inception, the company’s investment bank will be gaining more momentum with Helal at the helm Investment Bank’s Sell-Side operations.”

CI Capital is a diversified financial services group and Egypt’s leading provider of leasing, microfinance and investment banking products and services. It is headquartered in Cairo with a presence in New York and Dubai.

The group’s asset management unit has AUM of nearly EGP10 billion ($500 million) across product offerings, including fixed income, money market, equity, along with all other types of tailored discretionary portfolios, as per its website.

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