Chief merchant banker quits

September 24, 2009 05:30:41 PM

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The CEO for Merchant Finance and Investment Company Limited Freddie Keshwan has resigned, citing personal reasons.

Fijian Holdings Limited managing director Sereana Qoro said Keshwan, who had served the organization well over the last 12 months, resigned today.

Merchant Finance is owned by Fijian Holdings Limited and Fijian Holdings Unit Trust.

Qoro said Keshwan will be replaced by Nouzab Fareed, General Manager Investment and Strategy of FHL.

Fareed, an expatriate from Sri Lanka, will by the acting CEO until a suitable candidate is appointed to the position soon.

“Fareed is an experienced merchant banker,” said Qoro. “He has been associated with Merchant Finance for the last five years and currently serves as a board director of Merchant Finance.”