City A.M. this morning.
Cairo-based Hossam Abou Moussa will join Apis as a partner, together with two other investment professionals.
As a result of the recruitment drive, Apis will now have 30 financial services professionals and staff, who collectively manage or advise on roughly $1.3bn in third-party commitments and investments.
The move means that Apis will expand its presence into seven countries across Europe, Africa and Asia.
“We have had a strong relationship with Actis since our inception having often collaborated or invested together over the years,” Matteo Stefanel, managing partner and co-founder of Apis, explained to
City A.M.