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
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.
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.
Corporate Executive - Corporate Services
Rob joined Foster Stockbroking in 2017 and has over 14 years’ experience in corporate finance, funds management and accounting.
He is primarily responsible for leading the firm’s Corporate Services capability and managing relationships with our corporate clients as well as strengthening our presence in Western Australia.
Prior to joining Foster Stockbroking, Rob worked at the LinQ Resources Fund and LinQ Corporate and he has buy-side and sell-side experience from numerous equity, debt and strategic transactions for ASX listed companies.
His qualifications include a Graduate Diploma of Chartered Accounting from the Australian Institute of Chartered Accountants and, a Bachelor of Commerce (App Fin. & Comm. Law) and a Masters of Accounting from Curtin University, Perth.
Rob is also a member of the Australasian Institute of Mining and Metallurgy (2011).
James is a key member of our dealing team and is primarily responsible for managing relationships with our Institutional clients.
He has more than 20 years’ experience in equity markets encompassing 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.
Chris joined our equity dealing team from Ashanti Capital. He is a 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 an asset to our team with over 10 years’ experience in the finance and stockbroking industry spanning equity research sales, equity sales, adviser management and involvement in capital raisings. Prior to Ashanti, Chris spent more than 7 years on the dealing desk at Wilson Advisory. He has particular expertise with small and mid-cap stocks across several sectors.
Chris has partially completed a Bachelor of Business and a Bachelor of Law at the University of Technology and Open Universities Australia.
Joining us from Ashanti Capital, Sam is primarily responsible for institutional client relationship management including research sales, capital raisings and advising on market opportunities.
He is an important addition to the team with close to 10 years’ experience in Australian equity markets encompassing equity sales, investment advice for equities and for capital raisings, as well as managing client relationships and trade execution. Prior to Ashanti, Chris spent more than 7 years on the dealing desk at Wilson Advisory. He is recognised in the market as having developed particular strength and knowledge in small to mid-cap ASX listed equities.
Sam has completed RG146 Tier 1 Compliance- Securities and Margin Lending at Kaplan Professional.
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).
Institutional Dealer - Perth
Carmie plays a significant role in managing our client relationships in Perth and Asia. He has an extensive network of connections with Asian funds and services many clients in Hong Kong and Singapore.
He has held prior roles at Ashanti Capital (Perth) and Macquarie Bank where he gained a wealth of experience across Institutional Sales and Equity Capital Markets.
Carmie has completed a Bachelor of Commerce (Finance) at Curtin University of Technology (Perth).
Trade Execution and Dealing
George is an important member of our equities team. He is primarily responsible for executing orders and managing the booking of equity trades. George has over 20 years’ experience in the finance industry. He is a highly experienced operator and he has previously worked extensively in equity settlements.
George holds a Bachelor of Business from the UTS (Sydney) and a Graduate Diploma of Applied Finance and Investment from KAPLAN.
Matthew is responsible for researching small to medium capitalisation stocks across various sectors, such as resources and industrials. He has had several years’ experience in equities research and funds management covering a wide range of stocks from small to large caps including those in energy, media, materials, and IT.
Matthew holds a Bachelor of Law, a Bachelor of Commerce and a Master of Commerce from the University of Sydney. He is also a Chartered Financial Analyst (CFA).
Our Administration Team
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).
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 manages our settlements function and liaises with Pershing, 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 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.
Ellie works in conjunction with the Settlements Manager to manage our settlements function and to liaise with Pershing, our third party clearer. Ellie is responsible for assisting with the client account opening process and she helps to ensure that clients’ settlements proceed smoothly. She is also an important point of contact for settlement queries. Ellie has experience in business overseas and locally and is an important member of the settlements team.
Ellie possesses a Bachelor of Finance from Massey University (NZ).
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 was established in April 2018 by Chris Francis and Sam Macdonald, in partnership with Foster Stockbroking Pty Ltd. 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 local directors, Chris Francis and Sam Macdonald possess extensive industry relationships throughout New Zealand and a combined 30+ years in small cap stockbroking and investment banking.
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 Limited is a registered financial advisor in New Zealand. Along with corporate advisory services, FCL provides stockbroking to wholesale investors on both NZX and ASX via an intermediary agreement with ASB Bank Limited.
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.