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EFG-Hermes Co-Head of Asset Management Karim Nehma Leaves

April 18 (Bloomberg) -- Karim Nehma, co-head of asset management at EFG-Hermes Holding SAE, left his post at the biggest publicly traded Arab investment bank, the company’s website shows.

Kashif Siddiqui is now the sole head of the asset management division, according to EFG-Hermes’ website, which removed an earlier reference to Nehma.

Nehma and Siddiqui took over as co-heads of asset management after former head Hashem Montasser left the bank at the end of 2010.

An official at the bank declined to comment when contacted by Bloomberg News. Nehma couldn’t be reached for comments.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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