Ashraf El Sharkawy

QInvest Said to Cut Jobs at Brokerage, Asset Management

QInvest LLC, which is forming a joint venture with Egyptian EFG-Hermes Holding SAE, issaid to be cutting jobs at its brokerage and asset management divisions. 13 people will have to leave. The reductions, however, have not been made public yet. In the joint venture, QInvest LLC plans to take 60% of the new entity while EFG-Hermes Holding SAE receives the remaining 40%.

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