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Yin and Yang

Our philosophy is harmony and balance between funds in and funds out


FE Investments Limited 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.

Non-Bank Deposit Taker

FE Investments 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.

Ownership of FE Investments 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 FE Investments moves forward with its ambitious growth aspirations for investments and lending products in both New Zealand and Australia.

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

FE Investments Limited has a credit rating of B/Negative/B from Standard & Poor’s. For more information, visit the Standard & Poor’s website.

Directors of the Issuer

Melvin Douglas Stewart (BAg Sc)
Thatt Kiong Shim (BA (Econ.), LLB)
Andrew Schnauer
Marcus Ritchie
Jacob Ploeg


18 Viaduct Harbour Avenue
Auckland 1140
New Zealand

Securities Registrar

FE Investments Limited
Level 8, 92 Albert Street
Auckland 1143
New Zealand


Trustee Executors Limited
Level 7, 51 Shortland St
Auckland 1010
New Zealand


The two Executive Directors of FE Investments have, collectively, 45 years of experience in the banking and finance sector.

The Executive Directors have previous experience at senior level with well-known banks and financial institutions in New Zealand. In addition to banking, they have experience and training in agricultural science, property valuation, law and economics.

TK Shim

Executive Director

09 359 9445

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.

Mel Stewart

Executive Director

09 359 9445

Mel Stewart (BAgrSc) is the other founding director of FEI and has been on the board since July 2003. Mel has extensive experience in financing in the rural, residential, commercial and industrial sectors throughout Australasia and Oceania.

His involvement in the Rural Bank and Elders Finance Limited gives him a comprehensive understanding of issues relating to these areas of finance. Mel is also a qualified property valuer.

Andrew Schnauer

Chairman & Independent Director

Andrew Schnauer (LLB) is the chair of FEI’s board is who has been on the board since January 2014 and is an independent director of FEI. Andrew is an enrolled Barrister and Solicitor of the High Court of New Zealand and is a director of Schnauer Legal Limited, a law firm situated in Auckland.

Andrew acts for a varied range of businesses and also has extensive experience with commercial and residential property. He has also developed a specialty in trusts and asset planning.

Marcus Ritchie

Executive Director

Marcus Ritchie (BMS) has been on the board since November 2014 and is an Executive Director of FEI and FEIG. Marcus most recently was a Director at ANZ Bank in Australia

Marcus is an experienced investment banker covering Mergers & Acquisitions with over 15 years’ experience, having worked at Bank of America Merrill Lynch (Sydney), American Express (New York), Mizhuo Bank (UK), Dresdner Kleinwort Investment Bank (UK), and Westpac (NZ).

Jacob Ploeg

Independent Director

Jacob Ploeg (BCOM) joined the board as an independent director of FEI in July 2017, and brings over 30 years of experience in the accounting industry, having worked as Senior Audit Manager for DFK Oswin Griffiths Carlton from 1986 to 2017.

Jacob has extensive experience in the auditing of finance companies, listed entities, SME’s, and not for-profit entities. Jacob is also a trustee of a private superannuation scheme.


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.

Philip Harkness (BBS, DipBS, CA)

General Manager

029 222 0760

Philip Harkness (BBS, DipBS, CA) Philip commenced his appointment as FEI’s General Manager in October 2017. Philip has experience drawn from a wide range of industries, in the past 20 years, both domestically and internationally, including audit, fast moving consumer goods, and banking. Philip brings a wealth of operational and management experience that will strengthen the processes and daily operations of FEI.

Philip has spent the last 12 years with the Bank of New Zealand (“BNZ”). His last role prior to joining FEI was as Divisional Chief Financial Officer of the Retail Division of BNZ, a position he held for over 4 years.

Juri Zacest

Head of LeaseTech

021 736 012

Juri has over 30 years’ senior management experience in financial services, both in Australia and New Zealand. He joined FEI in November 2016 when it acquired Leasetech, the specialist IT equipment leasing company he established in 2005.

With a strong commitment to personal service, automated delivery and the simplification of the leasing process, Juri’s focus is on expanding FE’s point of sale lease options to vendors servicing the broader business market.

Andrew Pike

Head of Lending

021 195 6644

Andrew Pike (DipBus). Andrew commenced his appointment as FEI’s Head of Lending in June 2018. 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.

He brings a wealth of lending and operations experience that will assist in the delivery of our strategic objectives and further complements the existing sound governance structure within FEI.

Previously he spent the last 10 years with UDC Finance Ltd, a wholly owned subsidiary of the ANZ Bank. His previous role with UDC prior to joining FEI was Senior Manager Dealer Lending

Cherry Chen

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.

Darshi Sharma (BA, CA)

Head of Finance

Darshi oversees the financial reporting and accounting functions of FEI.

Darshi started her professional career at KPMG Fiji as an Auditor before joining FE Investments in 2009. She gained Australian financial experience during her time with Assura Group as a Senior Auditor from 2013–2016, and re-joined FE Investments in 2016. During her time with FE Investments she has been a key member of the management team; supporting both strategic and operational requirements.

Darshi holds a Bachelor of Business degree (double majors in Accounting & Finance and Information Systems) and is a qualified Chartered Accountant and a member of Chartered Accountants Australia and New Zealand.

Carey Bliss

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.

Money coming your way