In a statement issued to the market today, the Board of Merchant Finance and Investment Limited announced the appointment of the new Chief Executive Officer for the company.

 

“The Board of Merchant Finance and Investment Company Limited today endorsed the appointment of Mr. Freddie Keshwan as the new CEO of the company” said the Managing Director of Fijian Holdings Limited.

 

In making the announcement, Mrs. Qoro said that Mr. Keshwan who has been the CEO for Home Finance Company for the past six years takes on his new job on 01^st August, 2008. Mrs. Qoro confirmed that that Mr. Keshwan was considered the best choice in items of years of experience and industry knowledge having spent 16 years with ANZ and a further 6 years as the head of Home Finance Company.

 

Mrs. Qoro added that the Board is confident that having worked as a CEO of a financing institution, Mr. Keshwan brings with him the relevant management and leadership skills and maturity required for the job.

 

Merchant Finance has performed very well in recent years and the company is now looking at some exciting strategic initiatives to further strengthen its financial performance through diversification and growth of the existing portfolio for the benefit of our customers and shareholders.

 

 

Dated this day 31 July 2008

 

For further queries, please contact the Company Secretary on 3305017.