Ibrahim Hemeida, CFA, MBA
Chief Executive Officer
Our team brings together professionals with deep expertise across investment management, structuring, commodities, and capital markets.
Chief Executive Officer
Ibrahim is a successful banker and investment professional with over 26 years of experience in the MENA region. In 2010, he joined the start-up team of a leading UAE based regional bank and quickly became a significant contributor to its success. He later played a key leadership role with the team that turned around the private banking business of another established UAE based bank. Over the last 16 years, Ibrahim originated, advised and managed more than AED 30 billion in private and institutional client assets and consulted on family governance, corporate and family offices architecture. Ibrahim worked with international and regional banks such as UBS AG, Emirates NBD, and Mashreq Bank in the UAE in addition to Prime Investments, Arab African International Bank, and Concord International Investments in Egypt, where he built strong relationships with institutions and High Net-worth Individuals from different sectors and geographies, and investment professionals covering all asset classes. Ibrahim is fluent in French, English, Arabic with basic knowledge of the Russian language.
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Head of Wealth Management
Amr Fergany is a seasoned banking and investment professional with over 23 years of experience in the MENA region. Before launching FCIM in April 2023, Amr held senior wealth management roles at leading financial institutions including Union National Bank, Mashreq, Societe Generale, Emirates NBD, and HSBC Egypt. He also served as Vice President of Private Banking at Credit Suisse AG, focusing on the UAE market and advising clients on their portfolio restructuring. Throughout his career, Amr has originated, advised, and managed more than AED 5 billion in private and institutional client assets across different jurisdictions including UAE, Switzerland, Singapore and the UK. He also worked on several projects to enhance the private banking offering within local banks including setting up the external asset managers desk at Emirates NBD. He has also managed complex lending and repo transactions for family offices and institutional clients.
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Head of Investment Management
Steven Downey is the Head of Investment Management at Fundament Capital, where he has overseen the firm’s investment team since 2023. With over a decade of experience across wealth and institutional management, Steven leads the development of multi-asset portfolios, short-term trade ideas, and tailored investment strategies for high-net-worth individuals and family offices. Steven began his career as a securities broker at Charles Schwab, where he advised clients through complex market conditions and developed a deep understanding of investor behavior and economic cycles. At Holborn Assets, he refined his portfolio construction approach and earned a reputation for maintaining client trust during volatile periods, including the COVID-19 pandemic. Known for his steady leadership, client-first mindset, and ability to navigate uncertainty, Steven brings a disciplined, strategic approach to portfolio management. At Fundament, he continues to drive performance through thoughtful investment processes, deep research, and collaborative execution.
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Managing Director & Head of Investment Banking
Tim is a seasoned investment banking executive and strategic leader with over 26 years of distinguished experience spanning international capital markets, private equity, and real estate investment across multiple jurisdictions. His career encompasses the full deal lifecycle – sourcing, negotiating, closing and placement – alongside fund management corporate strategy, business development, and quantitative and qualitative analysis. He is recognized for his disciplined approach to transaction execution, his ability to navigate complex structures, and a track record of building and leading high-performance teams, working directly with CEOS and presenting investment cases to Boards and Investment Committees. and a career defined by institutional leadership, cross-border deal-making, and the creation of scalable investment platforms. Prior to joining FCIM, Tim spent 15 years with the National Bank of Egypt Group (NBE), most recently serving as Chief Executive Officer of Al Ahly Financial Ltd., a Category 3C DFSA-regulated investment bank headquartered in the DIFC, Dubai. In that role, he architected and implemented the firm's Direct Investments Advisory strategy, built its institutional infrastructure, and led the execution of landmark cross-border transactions across the Building Materials, Real Estate, Transportation, and Banking sectors — all within stringent international regulatory frameworks. Regionally, Tim held senior roles in Research and Asset Management at EFG Hermes and served as Director of Corporate Strategic Planning and Real Estate Investment Banking at NAEEM Holding in Dubai. He began his career in New York in capital markets with Thomson Financial followed by a transition into private equity with ING Clarion Partners and AIG Global Real Estate, where he developed deep expertise in large-scale asset management and investment structuring.
View ProfileManaging Director & Head of Investment Banking
Chief Operating Officer
Mohamed has over 15 years of experience in the operations across MENA region and the international markets. Mohamed started his career with CIB-Egypt in the custody department where he was responsible for the Bank proprietary book and the client investments. After that he moved to Barclays-Egypt as Treasurer Assistant where I had the responsibility to build the primary dealer office desk. In 2006, Mohamed moved to Dubai where he joined a start-up brokerage company Al Futtaim-HC, then he moved to SICO-UAE as an Operations Manager where he helped the company to acquire its brokerage license and build up the company operations cycle. Later, he moved to Mubasher where he was part of the team responsible for increasing the markets covered by the company, after his great success he was lured by the brokerage arm of Emirates Islamic Bank as Head of the Operations where he helped them to build their sukuk desk and adding the base for the business for the institutional clients’ desk.
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Chief Financial Officer
A seasoned finance professional with over 15 years of experience in leading investment banks across Cairo, Dubai, Hamburg, and London. His expertise spans asset management, multi-asset trading, corporate finance, fund accounting and strategic financial planning. Throughout his career, he has been instrumental in launching over 16 mutual funds, hedge funds, and UCITS, as well as establishing the first DFSA-approved start-up CAT3A firm. Launched innovative investment products, including Islamic REITs and ETFs. Led market system developments and futures trading initiatives while also facilitating significant debt financing transactions across multiple regions, including Europe, the Middle East, and Australia. Headed trading desks for equities, fixed income, and derivatives within prime brokerage, overseeing execution, risk management, and operational efficiencies. With over a decade of experience in fund accounting, he has managed complex investment structures, overseeing financial reporting, and cash management for multi-asset portfolios. Waleed holds a bachelor's degree in finance management. Over the course of his career, he has held key roles in Linear Investment, Daman Investment, SHUAA Capital, Beltone Financial, and EFG Hermes, where he has contributed to business growth, financial structuring, and investment innovation.
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Investment Associate
Saran Sankar is a committed investment professional having more than 8 years of experience covering equities across multiple geographies and sectors. He has deep experience in investment analysis and equity research. Saran started his career with Verity (UBS Investment Bank) as an Associate in the Investment Banking domain, where he spent more than 3 years focusing on the US Transportation sector. He worked on multiple Financial due-diligence projects within the US transportation sector. In 2019, Saran joined HSBC as a sell-side equity research analyst wherein he covered the European Travel and Leisure sector. He built out his sector expertise in online gaming, covering some of the leading European stocks and developing exclusive research materials on the gaming landscape. Saran also significantly contributed to equity research coverage in Hotels and Travel Retail sectors at HSBC. He has provided investment views to numerous prominent global institutional investors in investments in the leisure industry. In 2023, he joined a leading family fund in Doha, helping them in building out equity portfolio. This role involved leading oversight of equity investments across multiple sectors and geographies, with focus on emerging themes.
View ProfileInvestment Associate
Investment Associate
Dmitri Ganjour is a highly analytical professional with a Master of Science in Applied Mathematics from ETH Zürich and a Bachelor of Science in Mathematics from EPFL. His expertise spans probability theory, stochastic calculus, financial mathematics, and computational methods for finance. His master’s thesis focused on machine learning methods for derivatives pricing and hedging, with an emphasis on model calibration and stochastic model approximation. Using Python, PyTorch, SciPy, and Sklearn, he developed numerical implementations for derivative pricing and risk management. He also authored research on adaptive robust control and mean-variance portfolio optimization. At the University of Amsterdam, he contributed to neural network research, studying the convergence of deep learning models. Dmitri transitioned into finance as a derivatives trader, specializing in freight, grain, and fertilizer markets. He has experience trading freight derivatives (FFA, fuel oil, and gasoil swaps), managing hedging and speculative positions, and conducting market analysis across commodities. At Fertistream Freight DMCC and Arion Commodities in Dubai, he developed systematic trading strategies, leveraging quantitative modeling and risk management expertise.. Passionate about data analysis, algorithmic development, and financial modeling, Dmitri continuously refines his approach to market prediction and portfolio optimization. Fluent in Russian, French, and English, and proficient in Python, C++, R, and MATLAB, he combines technical excellence with practical financial acumen in the evolving landscape of quantitative finance and trading.
View ProfileInvestment Associate
Investment Analyst
Bas Gitinov is an investment professional with a strong foundation in energy markets, commodities, and quantitative finance. He holds a MSc in Energy, Trade & Finance at Bayes Business School (City, University of London) and previously earned a BSc in Economics and Finance from London School of Economics and Higher School of Economics, where he developed expertise in financial markets, statistics, and quantitative analysis. Bas has gained experience across financial analysis, valuation, and fintech operations, including roles at B1-Consult (formerly EY Russia) and Destream Services, where he worked on asset valuation, transaction analytics, and strategic financial modelling. He has also led entrepreneurial initiatives in the commodities space, successfully structuring and launching a gold bullion coin project in partnership with international stakeholders. At FCIM, Bas applies his analytical and market expertise to portfolio construction and commodity equity research, combining fundamental analysis, market intelligence, and quantitative tools to identify opportunities across global commodity markets. His work supports the development of differentiated investment strategies focused on energy, metals, and resource-linked equities, contributing to FCIM’s data-driven approach to portfolio management.
View ProfileInvestment Analyst
Consultant Chief Investment Officer
Gary Dugan has been a high-profile investment professional in Europe, Middle East and Asia for the past 38 years. In the past two decades, he has held Chief Investment Officer roles with major institutions in Europe, Asia and the Middle East. His initial training was in leading asset management companies in London before he moved in 1993 to JPMorgan Securities to become their European equity market strategist. He gained a reputation for his leading research on corporate restructuring and was an advisor to the OECD, the European Parliament and leading sovereign wealth funds. In 1999 he switched back to asset management and became the head of multi-asset portfolios Europe Middle East and Asia for JPMorgan Asset Management. In that role, he was the lead investor for mandates with the GIC, Brunei government, Hong Kong Jockey Club and insurance companies in Europe and Japan. Throughout his time a JPMorgan he was also a principal advisor to the firms Private Banking business. In 2004 he joined Barclays as their CIO before moving to Merrill Lynch in 2007 again as a CIO. Between 2009 and the present day he has spent eight years in the UAE as CIO at two of the largest banks and worked at Coutts in Singapore. Gary was voted Private Banker of the year 2015 (MENA) from Wealth Briefing. Gary has a reputation for making bold calls on the markets. He made major bear calls on equity markets in 1987, at the top of the tech boom and the financial crisis in August 2007, and a bull call on equity markets on March 17th, 2009. In November 2018 he was appointed the CEO of Purple Asset Management and subsequently founded and launched an outsourced CIO services business on the Purple platform called The Global CIO Office. He thus realized his dream of creating an investment business that is driven by investment professionals with the sole focus of producing the best independent financial advice for clients.
View ProfileConsultant Chief Investment Officer
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