Othman Benjelloun

0
121
Tired of reading, then listen.

Othman Benjelloun born 1931, is a Moroccan businessman and the Founder of FinanceCom International S.A. and serves as its Chairman and President.  Forbes estimated his net worth at $1.9 billion as of June 2019, making him the 15th richest in Africa.

Othman Benjelloun was born 1931 in Fez, Morocco. Othman received an education in engineering at the École Polytechnique Fédérale de Lausanne in Switzerland.  Benjelloun’s father was a large shareholder in an insurance company that Othman later took over in 1988.

Othman started his career during the 60s and 70s decade. With a farfetched vision, Othman early career saw him engaging in making strategic alliances for companies like Volvo and General Motors. The experience he acquired during this time helped him take-over the insurance company whose share his father possessed in 1988. Immediately after taking over the insurance company, Othman named the company as RMA Watanya.

After purchasing the insurance company, Benjelloun expanded the business venture into the banking industry.  His banking enterprise, the BMCE Bank has its presence felt in at least 12 countries in Africa after it purchased the Mali-based Bank of Africa in 2010.  At a time BMCE shares fell as Benjelloun denied rumors of ill health.

Advertisement

The banking aspect of Benjelloun’s business career is worth $4 billion based solely on its market capitalization profits.

He is also the chairman of Meditelecom along with being associated with Telefónica and Portugal Telecom.

Othman career is illuminated by his numerous business achievements. Othman has planned to make a rocket shaped building over 30 stories high to accommodate the BMCE Bank Headquarters. In addition to this, he led his firm FinanceCom to lead the French management firm called FinanCom Asset Management.

Mr. Benjelloun serves as an Advisor to the Center for Strategic International Studies in Washington D.C. Mr. Benjelloun serves as Chief Executive Officer and Managing Director of Banque Marocaine du Commerce Exterieur S.A. (alternately Banque Marocaine Du Comm Exter/”BMCE-Bank”) since June 1995.  He serves as Chairman of the Moroccan Bankers’ Association and Chairman of the Moroccan-American Trade and Investment Board.  He serves as a Honorary Trustee of Center for Strategic and International Studies, Inc. He is also a member of the International Councillors, headed by Dr. Henry Kissinger, at the Center for Strategic International Studies (CSIS, Washington, D.C.), an international geopolitics center. He was Chancellor of Al Akhawayn University in Ifrane from 1998 to January 2004.

In the field of Corporate Social Responsibility, Mr. Benjelloun has charged the BMCE Bank Foundation, which he created in 1995, with two main priorities; the promotion of education in rural areas, through the implementation of the Medersat.com Program and environmental protection.

His good works and contribution to the banking system have attracted several honours.  Mr. Benjelloun was awarded the title Officier de l’Ordre de Trône du Royame du Maroc, Commander of the Swedish Royal Order of the Polar Star and decorated with the Medal of Commander of the National Order of the Lion of the Senegalese Republic. He is an Engineer from École Polytechnique de Lausanne, Switzerland.

He is married to Leila Mezian, daughter of the Moroccan General Mohamed Meziane, with whom he has two children.