sentences:  In 1994, both Egyptian Financial Group and Hermes entered into asset management.Fueled by organic growth; the two firms also accounted for lead managing a majority of the privatization capital markets IPO's during 1995 and 1996.The two companies soon reached the point that further growth was not possible without a wider network of local and international clients on one hand, as well as the rising competitive threat of international investment banks in the progressively more active Egyptian market in terms of investment banking privatization transactions as well as higher trading volumes .