About Us

Foster Stockbroking (‘FSB’) was established by Stuart Foster approximately 30 years ago and is focused on providing emerging companies with access to the equity capital markets, together with providing FSB’s institutional client base with access to a high quality research product. FSB has an established presence in each of Sydney, Perth and Auckland (via our JV with Foster Capital NZ Ltd).

FSB holds an Australian Financial Services Licence (AFSL) and is a participant of the Australian Stock Exchange.

We adopt an entrepreneurial and dynamic approach to the identification and fostering of relationships with companies at an early stage. We are very selective in the companies we partner with, developing strong corporate relationships and trust via sound transaction execution.

Our equities research is a foundation to all aspects of our business, and we have developed a reputation from market participants for delivering a very high quality research product.

Our client base spans across Australia, NZ, Asia and the US and comprises traditional long institutions, strategic investors, hedge funds, family offices and high net worth individuals.

FSB is a key sponsor of highly regarded conferences including the TechKnow Invest Roadshow (showcasing emerging ASX-listed technology companies) and the RIU Resources round UP (one of the leading mining investment conferences in Australia)

Our Equities Team

Stuart Foster
Executive Chairman & Chief Executive Officer
Stuart is the founder of Foster Stockbroking and has been involved in stockbroking for more than 30 years.
He is responsible for the overall direction and leadership of the firm, fostering corporate relationships as well as responsible for principal investments.
Stuart holds a Bachelor of Commerce degree from Canterbury University and is a qualified Accountant. He is also an ASIC Responsible Manager for the firm. Stuart was a non-executive Director of Pacific Energy (PEA) for over 20 years, and Chairman of the Audit Committee. PEA was listed on the ASX until December 2019 when it was taken over by QIC for approx. A$460m.
Mark Fichera
Executive Director & Head of Research
Mark leads and manages the research team, being responsible for the firm’s research strategy. He has extensive experience analysing industrial and resource stocks, having been an analyst in the stockbroking and funds management industries for over 20 years.
Mark holds a MBA from Macquarie University, an MSc from the University of NSW, and a BSc (Hons) from the University of Sydney. He also has a Graduate Diploma of Applied Finance and Investment from FINSIA. Mark is an ASIC Responsible Manager.
James Gore
Head of Dealing/Sales
James leads and managers the dealing team and is also responsible for managing relationships with our Institutional clients.
He has more than 20 years’ experience in equity markets encompassing dealer management, research, sales, trading and equity capital markets including 7 years managing hedge fund sales and trading at Credit Suisse.
James holds a Bachelor of Commerce and a Bachelor of Laws from the University of Auckland, New Zealand.
David Salmon
Senior Institutional Dealer
David is an important member of the equities dealing team, with responsibility for managing relationships with our institutional clients and high net worth individuals.
He has several years’ experience in the financial markets, having been involved with a fund and most recently was a Dealer with Ashanti Capital in Sydney.
David holds a Bachelor of Commerce from Curtin University (Perth).
Jason Lal
Senior Institutional Dealer
Recently Jason Lal joined us as an Institutional Dealer. Jason is primarily responsible for managing institutional client relationships including research sales, capital raisings and advising on market opportunities.
He is an asset to the team with in excess of 20 years’ experience in Dealing in the Australian equities market. He has previous experience which encompasses equity sales, investment advice for equities and for capital raisings, as well as managing client relationships and trade execution. His prior experience spans both the small- mid capitalisation space as well top-tier equities.
Doc Cromme
Senior Institutional Dealer
Doc joined our equity dealing team from Blue Ocean Equities. He is principally responsible for establishing and developing relationships with institutional clients and plays an important role in advising investors on our research, capital raisings and market opportunities.
He is a very experienced Sales Trader with more than 20 years’ experience in the Stockbroking industry both in Australia and in South Africa, and is an important addition to our team.
Doc has completed a Bachelor of Commerce in Accounting and Finance at the University of Cape Town.
Hazmy Hazin
Research Analyst
Reporting to the Head of Research, Hazmy is responsible for analysing companies and producing research publications.
Hazmy’s previous experience was as an Equity Analyst for an international investment bank covering the building materials and commodities sectors, and he has also had equity capital markets experience with industrial companies. He is an important member of our team.
Hazmy is a Level 2 CFA Candidate and holds a B.Sc. in Finance from Pennsylvania State University.
Ellie Bedoyan
Corporate Executive- Corporate Services
Ellie assists with all aspects of ECM transactions for the organisation. She also assists in managing relations with our Corporate Clients.
Ellie has previous experience both locally and internationally, and has 5 years’ experience working for Foster Stockbroking in Settlements and Administration.
Ellie possesses a Bachelor of Finance from Massey University (NZ)

Our Administration Team

Keith Quinn
Executive Director & Chief Financial Officer/Company Secretary
Keith is responsible for all financial reporting for Foster Stockbroking. He commenced his professional career in the United Kingdom and has considerable financial experience within several different business sectors in Australia.
Keith holds a Bachelor of Arts in Business Studies (Hons) from the Liverpool John Moores University (UK) and is an Associate member of CIMA (Chartered Institute of Management Accountants, UK).
Marion Foster
Human Resources Manager
Marion manages Foster Stockbroking’s Human Resources function and is involved in its employee development and compliance training program. She has previous experience in recruitment, outplacement counselling and marketing.
Marion holds a Master of Arts degree (Hons) in Industrial Psychology and a Bachelor of Arts degree (Education and Psychology) from the University of Canterbury.
Kate Duffield
Co-Settlements Manager
Kate co-manages our settlements function and liaises with FinClear, our third party clearer. She ensures that clients’ settlements proceed smoothly and she is an important point of contact for settlement queries. Kate is also responsible for co-managing the client account opening process.
With more than 20 years’ previous experience in settlements within the stockbroking industry , Kate is a valuable asset in our settlements team.
James Duckworth
Co-Settlements Manager
James co-manages our settlements function and liaises with FinClear, our third party clearer. James also co-manages the client account opening process and he helps to ensure that clients’ settlements proceed smoothly. He is also an important point of contact for settlement queries. James has more than 15 years’ experience in Stockbroking and the Financial Services Industry.
James possesses a Diploma of Financial Services (FINSIA) and a Graduate Certificate in Financial Planning (FINSIA).
Anne Sibelja
Administration Manager
Anne is primarily responsible for managing office administration and she also assists with settlements and client account opening. She has many years’ settlements experience with the organisation and is dedicated to providing an efficient and courteous administration service for the organisation.
Anne holds a Diploma of Financial Services from the SIA/KAPLAN and she has also completed an Associate Diploma of Business.

FSB seeks to maintain a high level of integrity with the provision of our financial services, ensuring stringent compliance with ASIC regulations and guidance, and in accordance with our AFSL licence requirements.

Significant efforts are made by FSB to ensure that the quality of our services are not compromised by actual or potential conflicts of interest by a combination of internal controls and specific disclosures.

All FSB staff and associated entities are required to have dealing orders approved prior to execution by either a member of the Compliance Committee or by a Responsible Manager, which assists in avoiding and identifying any possible conflicts of interest.

Regular training is undertaken to ensure FSB staff are aware of policies and updates to policies in what is an increasingly dynamic financial services regulatory framework.

Robust information barriers and ‘restricted lists’ are enforced to ensure the dissemination of material non-public information (MNPI) is controlled.

FSB imposes certain restrictions on staff and associated entities from:

Trading in the shares of companies with whom we manage an initial public offer for on the ASX; and

Trading of shares in companies with whom we publish research on.

Foster Capital NZ Limited(FCL) was established in April 2018 in partnership with Foster Stockbroking Pty Ltd(Australia). Foster Capital’s mission is to source for its wholesale clients, the leading investment opportunities in small and emerging company equities within New Zealand and Australia.

Foster Capital’s two founding Directors, Sam Macdonald and Stuart Foster possess extensive industry relationships throughout New Zealand and Australia, and a combined 30+ years in small cap stockbroking and corporate services.

Through Foster Capital’s major shareholder Foster Stockbroking, it has access to deep industry relationships, investment ideas, and deal flow out of Australia.

Foster Capital NZ is registered as a Financial Services Provider(FSP) with the Financial Markets Authority in NZ. Their FSP number is 348286. They are registered with the FMA as a Manager of a Wholesale MIS Scheme (Managed Investment Scheme).

In addition, Foster Capital acts as the manager of the ‘Colt Emerging Companies Fund’, an investment specialist focused on high quality and under-valued smaller companies.
The Managing Director of the Fund is Sam Macdonald and Stuart Foster of Foster Stockbroking, Australia is the Chairman.

Investment decisions for the Fund are made via the Colt Investment Committee, which is comprised of Stuart Foster, Sam Macdonald and Mark Hinsley (of Cranport Pty Ltd, Sydney).

For further information about Colt Capital’s Emerging Companies Fund see their website www.coltcapital.co.nz

Our Equities Team

Stuart Foster

Mark Fichera

James Gore

David Salmon

Jason Lal

Doc Cromme

Hazmy Hazin

Ellie Bedoyan

Our Administration Team

Keith Quinn

Marion Foster

Kate Duffield

James Duckworth

Anne Sibelja