FCI secretary general Neal Harm will retire in September, the global factoring association said, bringing a 30-year career in the sector to a close.  

Harm took the reins at FCI in 2023, moving from accounts and receivables platform Fintainium and taking over from Peter Mulroy. A new head of FCI will be announced in the coming months. 

“It has been an honour to serve this institution and its members. It is a global family that brings trust to trade transactions,” Harm said in a statement. “I am very proud of my global FCI team and what they do for our members.” 

Harm has held several committee and executive roles during his career, alongside positions at Bank of America Business Credit and BB&T Factoring and International Banking, now part of Truist.  

FCI has almost 400 members, mainly comprising specialist factoring companies and banks.  

Harm and his wife Bren will return to the US from Amsterdam later this year, where they look forward to a “vibrant retirement” in North Carolina and Colorado, FCI said.