Dalia Shafik, CEO
Ms. Shafik is the Managing Director of Beltone Asset Management (BAM) responsible for setting the department’s plans, policies, objectives, initiatives and investment strategies.
She joined BAM in September 2012 as Head of Equities. In this capacity, she is responsible for devising portfolio investment strategies along with chairing the investment committee that oversees asset classes and regional allocation and research coverage. Since joining BAM, Ms. Shafik has been successful in growing the equity assets under management (AUMs) from EGP1bn to exceed EGP6bn in 2019 with all equity mandates ranking in top quartile within their respective categories.
Prior to joining BAM, Ms. Shafik held the position of Managing Director and Chairman of Hermes Fund Management Company where she was the manager of all on-shore Egypt local equity funds along with the Egypt focused off-shore EFG Hermes Egypt Fund. The EFG HERMES Egypt Fund has been ranked top performing fund in the world by the International Herald Tribune over the period 2004-2007 and was assigned an A rating by the global rating agency, Standard & Poor’s. Under her management, all Egypt on-shore funds held top rank in each category. Prior to that, Ms. Shafik was the Managing Director of the Egyptian Portfolio Management Company acting as the principal manager for Egypt and regional sovereign equity mandates.
Prior to joining EFG Hermes Asset Management, she held a position of Senior Financial Analyst at the Research Department at Cairo & Alexandria Stock Exchanges. She holds a Masters of Business Administration degree from the American University in Cairo. In 1998, Ms. Shafik graduated with highest honors from the American University in Cairo with Bachelor of Arts in Business Administration.