FEI NZ was established in 2003 as a financial services company. The founders, TK Shim and Mel Stewart wanted an organisation that was based on relationship, personal service and professional expertise.
TK Shim’s background was in corporate banking, with Investment relationships, cash flow lending and credit skills. He also brought a philosophy of incremental precision and oriental elegance to the company’s DNA. Mel Stewart had deep roots in the rural sector and extensive experience in business and property asset based finance. His broad connections were matched with entrepreneurial flair, creative instincts and marketing skills.
They are the yin and yang of FE Investments, and FE’s services reflect this same philosophy in the two sides of FE’s business – harmony and balance between funds in and funds out.
Peace of Mind
FE’s objective is to provide our customers, depositors and borrowers with peace of mind. Depositors seek a good return on their term investment, but want certainty that their money is safe. Borrowers want an understanding of their financial objectives with funding at a competitive rate.
By granting credit with a proactive and positive approach, we back success and provide both sides of the financial equation with the desired outcome.
FE makes that happen by funding New Zealand businesses who have been assessed as worthy of support. And, by spreading our lending over a wide range of industries and businesses, we ensure that investor deposits are secure.
Ownership of FEI Group Limited
In 2017, FE Investments Ltd, through acquisition and merger, became an subsidiary of FE Investments Group Ltd (FEIG), a company listed on the Australian Stock Exchange as FEI.AX.
This listing means that FEIG moves forward with its ambitious growth aspirations for investments and lending products in both New Zealand and Australia.
FEI NZ has been operating since 2003 and is a non-bank deposit taker operating under the regulations of the Reserve Bank of New Zealand. Our performance is monitored by Trustee Executors Ltd on behalf of depositors.
In January 2019, FEIG acquired an Australian Financial Services License (AFSL License: 408024) in Australia and is regulated by the Australian Securities and Investments Commission (ASIC) via their subsidy Australian entity FEI Finance Ltd (FEI AU).
FEI’s focus is the leasing of business equipment and technology products for the SME market. Over the next three years it is expected that this business sector will nearly double and represent just over 50% of FEI’s loan book.
FEI Credit Rating
As at 4 October 2019, S&P’s credit rating report for FE Investments Limited (NZ) has affirmed its “B” long-term issuer credit rating and changed its outlook from negative to stable. For more information, visit the Standard & Poor’s website.
FEI Finance Limited is subsidiary of the Company and holds AFS Licence No. 408024. It is not authorised under the Banking Act 1959 (Cth) or supervised by the Australian Prudential Regulation Authority.
Directors of the NZ Issuer
Directors of the AU Issuer
Thatt Kiong Shim
FE Investments Group Limited
Level 13, 111 Elizabeth Street
Sydney, NSW 2000
Trustee of the NZ Issuer
Trustee Executors Limited
Level 7, 51 Shortland St
Level 29, 66 Goulburn Street
Sydney NSW 2000
T +61 2 8263 4000
Board of Directors
The Board of Directors of FE Investments Group have a significant depth of experience in the banking and legal sector.
The Board has detailed knowledge and experience within the global financial and legal sectors; bringing strict governance and credit policies to ensure a prudent adherence to regulation and commercial success.
Managing Director & Group CEO
Marcus (BMS) is a very experienced investment banker having worked extensively in corporate finance; including equity and debt capital markets, corporate strategy and mergers & acquisitions.
Marcus has over 18 years of experience working with companies that include America Express (New York), Mizhuo Bank (London), Dresdner Kleinwort Investment Bank (London) and Westpac (New Zealand). More recently he has worked at ANZ Banking Group, PhillipCapital and Bank of America Merrill Lynch in Sydney.
Marcus has a strong sense of communication supported by an ability to execute strategy from conception to completion.
TK Shim (BA, LLB) is one of the founding directors of FEI and has been on the board since July 2003. TK has in-depth experience in corporate advisory services and corporate finance to the SME sector.
TK specialises in innovative structured financing for companies in the general business sector including arranging bond and unit trust issues, putting in place trade finance, financing acquisitions, securitisation facilities and other debenture lending products.
Campbell Newman, is the Chairman of Arcana Capital, syndicating commercial property investment opportunities for sophisticated investors, a Director & adviser to a number of start-up technology companies and a regular commentator on SkyNews Australia.
He previously held the role of Premier of Queensland from 2012 to 2015, leading an ambitious program of reform to restore the State’s finances, kick start the economy and revitalise the public service. He facilitated the creation of a 30 year vision and plan for the State – The Queensland Plan.
Prior to this, Campbell served as Lord Mayor of Brisbane from 2004 to 2011 and was involved in the conception and delivery of major infrastructure projects such as the multi- billion dollar Brisbane TransApex tunnel network. In 2009 he was awarded the Infrastructure Partnerships Australia Chairman’s Award for Infrastructure Leadership.
Before entering politics, Campbell worked for six years as an executive for Grainco Australia and also for four years as a management consultant working with large Australian companies such as BHP Australia Coal, the Hydro Electric Commission in Tasmania and Telstra. He also spent 13 years in the Australian Army and served as an officer in the Royal Australian Engineers.
Campbell holds an Honours Degree in Civil Engineering (UNSW) an MBA in Financial Management (UQ) and is a graduate of RMC Duntroon. He is also a Fellow of the Institution of Engineers Australia.
Paul Fox is an investor, strategist, business builder, and technologist. He is the Managing Director of Corran Toohill Capital, an investment and advisory firm, originally founded in Silicon Valley in 2006. The firm’s focus is on high growth technology enabled companies. Companies include Blockchain Capital, Evie Networks and the Enosi blockchain project.
Now based in Sydney, Paul spent 14 years in Silicon Valley as an executive, start-up CEO and venture capitalist, building a huge network and reputation for customer focus, integrity and value. He is a regular speaker on business model and technology disruption, especially in regulated industries.
Prior to Corran Toohill he held technology investment and new market development roles at AGL Energy Limited, Southern Cross Ventures, the California Clean Energy Fund and Flextronics. He held multiple board and advisory roles at high growth and technology companies in Australia and the USA.
Fang has extensive experience across a range of industry sectors in both Asia and New Zealand, including ecommerce, management, publishing, film and television production, editing and funding. Fang has over 20 years’ experience in senior executive roles with a diverse range of organisations.
Fang has a Bachelor of Arts (BA) from Renmin University of China and a Master of Business Administration (MBA) from Tsinghua University.
FEI will look to Fang’s experience to assist with the ongoing development of capital raising, business development and growth opportunities.
SENIOR LEADERSHIP TEAM
The Executive Directors are supported by a management team with expertise and experience in the areas of law, accounting and risk management practices. FE Investments has staff to assist with your queries in English, Chinese, Indian and Malaysian.
Chief Operating Officer
Andrew (DipBus) commenced his appointment as FEI’s Chief Operating Officer in January 2019. Prior, Andrew was head of FEI’s Lending Business. He has extensive finance and banking experience; having performed a number of senior roles in asset finance, portfolio governance, property finance, private and commercial banking for over 25 years.
Andrew brings a wealth of lending and operations experience that will assist in the delivery of our strategic objectives and further complement the existing sound governance structure within FEI.
Prior to FEI, Andrew spent 10 years with UDC Finance Ltd, a wholly owned subsidiary of the ANZ Bank. His last role was Senior Manager of Dealer Lending.
Simon Heijne den Bak
Chief Financial Officer
Simon (CA-ICAEW, Bsc) is a qualified Chartered Accountant and has been a member of the Institute of Chartered Accountants England & Wales since 2012. Simon also attained a Degree in Physics with Business Management in 2012 from the University of Birmingham. He has spent over 10 years working in professional services and commercial accounting teams.
Simon’s experience covers statutory reporting and audit in accordance with IFRS accounting standards, tax, treasury and financial modelling and analysis. Prior to FEI, Simon spent five years with MinterEllisonRuddWatts where he was responsible for financial reporting and managing the accounting department.
Head of Deposits
Cherry is responsible for incoming deposits from offshore investors, as well as from within New Zealand.
A commerce graduate from Auckland University and East China University of Science and Technology, Cherry has gained invaluable experience from working in senior manager roles in banking and wealth management with Standard Chartered Bank, ASB Bank and Westpac Banking Corporation. In addition, Cherry has a good understanding of the real estate sector through experience in international realty firms.
Cherry has been working for FEI since 2009 and is an important member of the management team. Through her expertise and insight into investors’ needs, Cherry plays a key role in shaping FE Investments’ business development strategy to promote the company’s investment products.
Head of Leasing & Collections
Carey has been a member of FEI since June 2017 and joined us as a result of the merger with WolfStrike Rentals Group. She has over 10 years’ experience in managing Rental books in the SME market and brings with her a vast knowledge of small to medium lending.
Carey has previously worked for various finance companies including Equipment Finance Ltd and Finance Now Ltd, as well has managing in-house rental books with the likes of Smartpay Ltd for over 7 years.
Carey has worked in a range of roles from lending to collections, as well as many years in customer service, and brings her vast knowledge of the industry to the FEI team.