Egypt names former bourse chief Mohamed Omran as FSA head

Egypt has picked former stock market chief Mohamed Omran to lead the Egyptian Financial Supervisory Authority (EFSA), the agency responsible for the supervision of non-banking financial markets and instruments.

Prime Minister Sherif Ismail has issued a decree naming Omran, as chairman of the EFSA, succeeding Sherif Samy, whose term ended on earlier this month, Investment Minister Sahar Nasr said on Monday.

Omran has previously worked as the Chairman of the Egyptian stock Exchange (EGX) for two successive terms from September 2011 until August 2017.  He was an economist at both the Arab Monetary Fund (AMF) in Abu Dhabi and the International Monetary Fund (IMF) in Washington D.C. He was also an advisor to the minister of investment and an acting executive director of the Egyptian Institute of Directors.

Omran authored and co-authored approximately 40 papers. His work appeared in international economics and finance journals such as: Journal of Comparative Economics, Emerging Market Review, and Global Finance Journal. He has a Master degree from Cairo University and Ph.D. in finance from the University of Plymouth, UK.