Mahmoud Morsi

Morsi M Partners (MMP), Incorporated in November 2022, is an independent professional services firm offering a comprehensive suite of advisory services, including Finance & Accounting, Corporate Finance Advisory, Tax, Investment & Family Office Advisory, Risk & Regulatory Advisory, and Management Consulting.

I founded MMP on the principles of collaboration and excellence, building a consortium of skilled advisors to deliver top-notch quality services to a diverse client base. Key achievements and responsibilities include:

• Leadership and Consortium Building: Established a team of expert advisors to deliver services in Corporate Finance Advisory, Tax, Investment & Family Office Advisory, Risk & Regulatory Advisory, and Management Consulting, all while leveraging my extensive audit and accounting experience to lead the Finance & Accounting line of service, delivering several technical accounting advisory, preparation of consolidated and standalone financial statements, development of accounting policies, and regulatory returns preparation projects.

• Client Portfolio and Stakeholder Engagement: Utilized strong interpersonal skills to grow a portfolio of reputable clients. Collaborated with various stakeholders, including individual and institutional sub-contractors, to deliver top-quality services to clients in sectors such as Banking, Asset and Wealth Management, Fintech, Brokerage, Media, and API.
• Corporate Finance Advisory: Orchestrated several deals and fostered synergies across the region. Supported private equity firms with deal sourcing and divestment efforts, and assisted multiple startups with pre-series A and series A fundraising rounds.
• Ethical Conduct and Risk Management: Upheld the highest ethical standards in all business dealings and maintained a robust risk management framework from client onboarding to KYC performance. Successfully passed a regulatory inspection check by the incorporating free-zone regulatory authority.

• Managed end-to-end planning and delivery of audit, accounting advisory, financial statements preparation and compilations, and regulatory compliance assignments for several banking, asset and wealth management (AWM), cryptocurrency, and Fintech clients.
• Led the strategic, financial, and operational aspects of establishing the Financial Services audit team in the Dubai office, including recruitment, budgeting, and training.
• Built strong relationships and served as the key contact for GT's High-Profile Clients (HPCs), overseeing client relationships, account strategy, and project sourcing and delivery.
• Conducted a re-pricing exercise of the existing portfolio, resulting in a 30% increase in the average fee per client.

Key projects and selected clients include:

• Consolidated financial statements audit of EFG Hermes Holding (first-time IFRS adoption) for filing with the London Stock Exchange.
• Financial statements audit and ICFR/SoX review for HSBC Bank Middle East - UAE Operations and Bank of Baroda UAE Branch.
• Financial statements preparation for funds administered by Standard Chartered Bank UAE.
• Audit and regulatory compliance reviews (IRAP, ICAAP, client money, safe custody, and PIB returns) for several Dubai Financial Services Authority (DFSA) regulated companies.
• Audit and Accounting Advisory on digital assets' accounting treatment for an emerging Cryptocurrency Exchange.

Manager – Assurance – Financial Services (July 2020 – October 2021).

Senior Associate III / Assistant Manager – Assurance – Financial Services (March 2018 – June 2020).

• Managed the consolidation of PwC's audit book for FSRA and DFSA regulated clients (the "ADGM and DIFC Portfolio," or the "Portfolio"), comprising 40+ clients. Assembled and led a diverse team of 15+ members (Associates to Senior Associates) across three countries to deliver quality audits.
• Sourced and executed new projects, significantly expanding the client base across regulated and non-regulated sectors, including numerous FinTech clients.
• Led and managed the creation of digital solutions, enhancing efficiencies in internal processes and external audit delivery.
• Fostered collaboration across the network to deliver group audit assignments, working closely with PwC offices in Switzerland, the United Kingdom, Australia, France, Spain, Luxembourg, Cyprus, Egypt, Jordan, Bahrain, and Lebanon.
• Delivered technical Assurance trainings, achieving the highest regional trainer rating, and successfully conducted “Train the Trainer” sessions for new instructors in the PwC Middle East network.
• Collaborated with PwC's Learning & Development ("L&D") Director and team to plan, orchestrate, and deliver a series of trainings to PwC's Center of Excellence ("CoE") teams in Lebanon and Jordan, focusing on Banking, Insurance, AWM, and Currency Exchanges.

Key Projects / Selected Clients Include:

• Banking Audit: SAMBA Financial Group (Saudi National Bank) and Sharjah Islamic Bank.
• Fintech Audit: Checkout, TransferWise (Wise), and YAP Payments.
• DFSA Regulated Clients' Audit: Swissquote, Hinduja Bank Middle East, Moody's Investors Services, Ithmar Capital Ltd, Credit Financier Invest (CFI), and Columbia Threadneedle Investments Ltd.
• FSRA Regulated Clients' Audit: Macquarie Bank Ltd and BNP Paribas.
• Currency Exchange Houses Audit: Al-Ansari Exchange and Rostamani Exchange.

Senior Consultant III / Assistant Manager - Transaction Services, Deals (July 2017 - February 2018).

Senior Consultant II - Transaction Services, Deals (August 2016 - June 2017).

• Performed sell-side and buy-side financial due diligence engagements for UAE and KSA corporate and private equity clients.
• Conducted comprehensive analysis and produced financial due diligence reports covering P&L analysis, EBITDA adjustments, earnings normalization, balance sheet, working capital, net debt analysis, enterprise and equity value analysis, and price/volume analysis.
• Supported one of the largest financial forensic investigations by performing independent cold reviews of valuation and financial forensic reports.
• Demonstrated ability to navigate between macro big-picture views and detailed problem-solving, effectively addressing complex accounting matters as they arise.

Key projects / selected clients include:

• Gulf Capital and Saudi Binladin Group.
• Advised Oman Telecom on its stake acquisition of Zain Telecom.

• Led the fieldwork for the audit of Dubai World Group and its subsidiaries' consolidated financial statements, one of PwC’s High-Profile Clients (HPCs). As a Senior In-Charge, coordinated and planned project delivery and reviews with multiple stakeholders, including associates and the shared services center for work execution, as well as the senior management team for review
• Conducted audits across multiple sectors, including the renowned security company G4S, and companies in the oil field services sector such as Interwell, IDEC LTD, and EPPCO.

Senior Associate - Audit (July 2014 - December 2014)

Associate - Audit (January 2012 - June 2014)

• Performed audits on various medium and large enterprises (public and non-public) in Jordan, USA, and Kurdistan Iraq, covering a wide range of industries including logistics, manufacturing, retail, brokerage, telecom, real estate, and investments.
• Conducted business cycle understanding and tests of controls on several business processes (treasury, procurement, sales, and payroll) across different industries.

Key projects / selected clients include:

• Reviewed the financial accounts and controls of Aramex JFK station in New York, USA (on-site assignment).
• Conducted financial statements audit of Lafarge Cement Company, multiple high-profile family-owned businesses, and several telecom companies in Kurdistan, Iraq (on-site assignments).
• Audited financial statements for The Engineering and Development Group (EDGO), Coca-Cola, Aramex PJSC, Nuqul Group, and Fitness One.

• Participated in the design and launch of MENA's top 15 banks' index project.
• Assessed the implementation of Basel Accord in accordance with Basel Committee on Banking Supervision for the Libyan Foreign Bank.
• Conducted ratio and comparative analysis on banks’ financial statements.
• Monitored and reported on economic, political events and market activities on a day-to-day basis utilizing Capital IQ, Bloomberg and information available on public domains of Amman stock exchange, Tadawul-KSA, DFM-UAE, Egypt stock exchange, and Kuwait Stock Exchange.