MOVES- Ahmed El Guindy, who we reported had stepped down as head of investment banking at EFG Hermes in February, has left the company, a spokesperson for EFG told Reuters on Monday. El Guindy’s last working day was May 31, the bank told the wire, adding that El Guindy would “continue to be closely associated with EFG Hermes in a capacity that we will disclose in the right timing.” Meanwhile, two sources close to the matter said El Guindy was setting up his own investment company that “would work with small and medium-sized enterprises, with one adding that the firm would be getting seed money from EFG Hermes.” El Guindy handed over earlier this year to co-heads of investment banking Mostafa Gad and Mohamed Fahmi, with Mohamed Abou Samra becoming deputy head of IB.