Merchant Finance Pte Ltd has successfully completed a strategic recruitment initiative aimed at solidifying its leadership team, which is essential for its ambition to become the leading financial services provider in Fiji. This ten-month recruitment process, which commenced in April and wrapped up this month, culminated in onboarding key members to enhance operational capabilities and governance standards.

Jaoji Koroi, the CEO of Fijian Holdings Limited Group (FHL), emphasized the significance of recruiting the right personnel as a cornerstone of Merchant Finance’s growth strategy. He noted the organization’s goal to diversify its product offerings and increase its competitiveness within Fiji’s banking sector.

Tanya Nacagilevu, FHL’s Human Resources Manager and a member of Merchant Finance’s People & Leadership Board subcommittee, underscored the importance of cultivating strong leadership. She remarked that the company’s strategic shift entails attracting experienced management from commercial banks, which will foster trust and drive business growth.

CEO Veilawa Rereiwasaliwa reiterated the company’s vision, stating it aims to focus on niche markets that have been overlooked by established competitors. Notably, Merchant Finance has made significant strides in sectors like motor vehicle and asset financing, and is now shifting its attention to financing opportunities for indigenous and women-owned businesses.

Reflecting a commitment to inclusivity, Merchant Finance recently launched Vanua Finance and Marama Finance, services tailored for indigenous-owned and women-owned enterprises, respectively. Additionally, the company plans to introduce a suite of financial products, including home loans and micro, small, and medium enterprises (MSME) loans, within the next couple of months.

This proactive approach to enhancing leadership and expanding service offerings is a hopeful indication that Merchant Finance is poised for significant growth and contribution to Fiji’s economic landscape. With a dedicated leadership team and a focus on community-oriented finance, the company is laying the groundwork for a prosperous future that supports diverse segments of the Fijian society.