FMT adds another investment director

Former adviser joins FMT to build its investment offering in Christchurch and the South Island.

Tuesday, October 15th 2024, 2:31AM

First Mortgage Trust, which specialises in property lending, has appointed Deborah O’Connor as its investment relationship manager, based in Christchurch.

O’Connor, has extensive experience in investment and wealth management, will play a vital role in reinforcing FMT’s commitment to growing its investor base in the Canterbury region.

She spent nearly five years at Apex Advice as an adviser and before that was a wealth manager at ASB for nearly five and a half years.

Her role is described as integral as FMT expands its offering, particularly with the newly launched wholesale fund.

FMT chief executive Paul Bendall said “Deborah’s addition to the team comes at an exciting time for FMT. Her expertise and passion will help accelerate our growth in Canterbury and enhance our ability to deliver exceptional customer service to our South Island investors.”

O’Connor says the Christchurch and wider South Island market holds so much potential, and "I’m excited to be part of a company that places such a strong emphasis on its values and investors.”

This appointment is a significant step as FMT continues to position itself as a key player in New Zealand’s investment landscape, committed to providing great customer service and growth opportunities for its investors.

FMT manages more than $1.7 billion in funds, providing consistent returns to its 6,500 investors. It offers first-mortgage secured funds across a range of property investments and developments, including commercial, industrial, retail, residential, and rural projects.

Its PIE fund is priced quarterly its annualised pre-tax return (after fees and expenses) to September 30 was 7.44%.

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