It is with great regret to announce the passing of Mr. Gamal “Jimmy” Moharam, following a long battle with cancer.  

Gamal Moharram was one of the senior members of the national and multinational banking, finance and business communities in Egypt.  Born in 1950 In Cairo, Egypt, Gamal was married to Hayam and was both a father of two daughters and a dedicated grandfather. 

His professional and business career spanned over 40 years in the USA and Egypt. Over that period, he forged strong corporate relationships and personal friendships with and between major multinational and national corporations and business leaders on both sides of the Atlantic.  

Gamal’s career started as a credit and marketing officer with Citi Bank in Cairo. This led him to join the banking community in the USA, eventually becoming Chief Regional Representative of the Bank of New York in the Middle East.  In 2002 he was recruited as CEO of the Egyptian Commercial Bank with a mandate to modernise and privatise the bank.  The bank was successfully sold to Piraeus Bank in 2006.  He was asked to stay on as CEO and Managing Director.    

By the end of 2008, he decided to focus on introducing financial products and new business services to the region and, in some cases, globally, including MGM Financial & Banking Consultants, ServFund Administration Services, and Cairo Factors. Jimmy founded and joined many organisations, including Al-Futtaim Group, Beltone Financial Holding, SAIB Bank, Alexandria International Container Terminals Co., Eastern Tobacco Co., Smart Villages Co., Education for Employment Foundation, American Chamber of Commerce in Egypt, and The Child and Society Development Institution (CSDI). During his career, he helped organise FCI events in Egypt and was an active FCI Ambassador in Africa.  

Mr. Moharam was a truly exceptional individual who served as a role model for leaders everywhere. He was a highly respected figure in both the public and private sectors, with an unwavering commitment to improving the lives of others. His dedication to his country and his work was truly unparalleled, and he was widely regarded as a true humanitarian who deeply cherished the people and communities he served. Even after his passing, Mr. Moharam's legacy lives on through the countless lives he touched and the positive impact he had on the world around him. 

"Jimmy was a trailblazer in the factoring industry and really the father of factoring in Egypt. He was always so giving of his time and energy towards the betterment of our industry.  He will be sorely missed. It is a sad time for all of us, but especially for our colleagues in Cairo."  - Mr Peter Mulroy, FCI Secretary General