EFG Hermes Holding has announced that it has hired a head for investment banking. The firm has announced the hire of Saud Altassan, who was previously the head of investment banking for Bank of America Corp. in Saudi Arabia, as its new chief executive officer in the country.

Altassan joined Bank of America in 2019. Before that, he served as chief executive officer of Swicorp, a financial services group specialising in private equity, asset management and investment banking in the Middle East and North Africa.