MERCHANT Finance Pte Ltd has announced the completion of a strategic recruitment drive for key management positions, aimed to bring to life its vision of being Fiji’s preferred financial services provider.
The 10-month undertaking began in April last year and ended this month, with the onboarding of the last two members of its management team, Merchant Finance said in a statement.
“Getting the right people is a critical element of Merchant Finance’s growth strategy to broaden its product offering, improve its operational system and governance standards, and become a significant player in Fiji’s banking and finance sector,” parent company Fijian Holdings Limited Group (FHL) chief executive officer, Jaoji Koroi said.
FHL Group’s manager Human Resources Tanya Nacagilevu, also a member of Merchant Finance’s People & Leadership Board subcommittee, highlighted the importance of strong leadership and building the right capabilities as part of Merchant Finance’s business transformation.
She said attracting top-tier senior management from commercial banks and finance institutions, alongside Merchant Finance’s seasoned senior management, was key to building trust and driving business forward.
Merchant Finance’s chief executive officer, Veilawa Rereiwasaliwa said the company’s vision was to be Fiji’s preferred financial services provider.
“With well-established providers already in the market, our approach is to focus on niche markets and services,” Mr Rereiwasaliwa said.
“We’ve done well in the motor vehicle finance and asset finance space and are now looking at finance for indigenous-owned businesses and women-owned businesses.
“The strengthened talent pool allows us to venture into these new markets with confidence.”
In July 2024, Merchant Finance launched its Vanua Finance and Marama Finance services specifically for indigenous-owned and women-owned businesses respectively.
It also stated it would launch its home loan, MSME loan, land subdivision loan and land loan products between this month and the next.
A taste of what to expect was shown to the market in December 2024 regarding their proposed home loan product which will be officially launched at the end of January 2025, Mr Rereiwasaliwa said.
