FMT gets new CFO

First Mortgage Trust adds new chief financial officer to help it on the next phase of its growth.

Wednesday, February 14th 2024, 4:15PM

First Mortgage Trust (FMT) has appointed Andrew Western as its new chief financial officer.

Western brings over two decades of expertise in finance, with significant roles in New Zealand, Singapore, and the United Kingdom. He has a strong history of leading finance teams through challenging environments and building units that are not only effective but highly motivated.

“We are focused on executing a long-term strategic plan designed to ensure First Mortgage Trust thrives amid a complex operating environment, including macroeconomic challenges and regulatory changes, and that we are ready to take advantage of future opportunities, " FMT chief executive Paul Bendall says.

"Andrew’s skills, experience and his strategic acumen will be pivotal in developing, refining, and implementing our strategies as we look to the future and continued growth of FMT.”

Western says he was attracted to FMT because of its strong market reputation as a purpose-led organisation, supported by solid values. "I also really like that they put people at the heart of everything they do."

He says the board has a clear vision on where they want to take the business, the market opportunities, and a real desire to ensure the things that made FMT special remain.

"All these factors made my decision to join FMT easy, I am looking forward to being part of the next phase of the FMT story.”

First Mortgage Trust manages more than $1.65 billion in funds, providing consistent returns to its 6,500 investors. It have also helped thousands of people in their property and/or business journey by providing first-mortgage secured funds across a range of property investments and developments, including commercial, industrial, retail, residential, and rural projects.

Tags: FMT