CFML — Conrad Funds Management
About

We're CFML.

CFML works to bring benefit to everyday New Zealanders. We have provided borrowers the opportunity to achieve their residential property goals, and in turn we have established a trusted investment product to seek to grow the wealth of New Zealanders.

Our story

A New Zealand boutique Fund Manager, licensed in 2016, with a lending arm — CFML Loans — specialising in Residential 1st Mortgage lending.

Conrad Funds Management Limited (CFML) is a New Zealand-based boutique Fund Manager and was licensed in 2016. The vision of the business is to provide investors with investment products tailored to their needs, and with access to experienced professionals who endeavour to provide a product with a property focus.

CFML Loans is the lending arm of Conrad Funds Management's business. CFML Loans (which includes CFML Lending Limited and Conrad Funds Management Limited, both licensed in 2026) is a Non-Bank Lender that specialises in Residential 1st Mortgage lending. CFML Loans works with mortgage advisers throughout New Zealand to ensure customers get a quick response from our highly experienced lending team with over 30 years' experience.

Conrad Funds Management Limited is licensed under the Financial Markets Conduct Act 2013 to manage managed investment schemes investing in real property and/or bank deposit instruments, schemes investing in shares of companies that hold property-backed mortgages, and property syndicates. Conrad Funds Management Limited and CFML Lending Limited are also licensed under the FMC Act 2013 as consumer credit providers (Lenders), with licences issued on 1 July 2026.

Financial Services Provider
FSP441126
NZ Companies Register
5691248
Financial Services Complaints Ltd
CFML F.S.C.L.6400
MIS Licence Issue Date
1 June 2016
Lender Licence Issue Date
1 July 2026
CFML Lending — FSP
FSP598429
CFML Lending — Companies Register
6658576
CFML Lending — FSCL
7237
Governance

CFML Independent Board of Directors

The CFML Board governs the Manager of the Funds' financial stability, adhering to set policies and objectives to ensure a high level of corporate governance aimed at protecting investors' funds.

Frank Chan
Frank Chan
Non-Executive Director / Chairman
Chair of CFML and Chair of Investment & Product Committee (IPC)

A commercial lawyer with over 25 years of experience specialising in financial markets law, listed issuer regulation, corporate governance, securities law, capital markets, financial services, and M&A. Former Partner and Board member at Hesketh Henry; previously Chapman Tripp and the Securities Commission (now the FMA). Principal of FC Law Partners. Past Convenor of the Auckland District Law Society Commercial Law Committee. LLB and BCA, Victoria University of Wellington. Auckland, New Zealand.

Susan Hansen
Susan Hansen
Non-Executive Director
Chair of Audit, Risk & Compliance Committee (ARCC)

A Chartered Accountant with 30+ years in the financial sector. Board experience in New Zealand and overseas, currently a Non-Executive Director of a company listed on the London Stock Exchange, and principal of a financial training organisation. MBA in Finance, University of Cape Town. Auckland, New Zealand.

Leadership

CFML Executive

Our Executive Management is committed and experienced. The CFML Executive strives to ensure a high level of corporate governance through a company structure that promotes transparency and an astute investment approach.

Johny Kale
Johny Kale
Chief Executive Officer

20+ years in Funds Management across the UK, Cayman Islands and Ireland, including senior roles at Northern Trust and six years as Operations & Treasury Manager at North Asset Management LLP. Deep expertise across Operations, Treasury, Hedge Fund, Legal and Compliance. BBS (Finance & Property), Massey University; Certificate in Investment Management, CISI (UK); FCA Approved Person during his time in the UK. Auckland, New Zealand.

Team

CFML Team

Credit

BM
Brent Malcolm
Mortgage and Credit Manager

30+ years in banking and finance across New Zealand, with senior credit management responsibilities at The National Bank of New Zealand, HSBC New Zealand and two finance companies. Responsible for mortgage management, credit assessment and Credit Committee membership. Auckland, New Zealand.

Jaewyn Mockford
Jaewyn Mockford
Credit Review and Recoveries Manager

30+ years in banking with a primary focus on Credit Lending in New Zealand. Formerly Bank of New Zealand and Retail Credit Manager at ICBC New Zealand. Held CFML's Mortgage & Credit Manager role from March 2018 to December 2022. Credit Committee member. Auckland, New Zealand.

Ashni Narayan
Ashni Narayan
Credit Analyst

25+ years in banking and finance with a primary focus on residential lending in New Zealand. Former Credit Manager at Bank of New Zealand and HSBC. Responsible for credit assessment and approvals. Auckland, New Zealand.

Loan Relationships

Caledonia Dougan-Wanhill
Caledonia Dougan-Wanhill
Loan Relationship Manager

A graduate of the University of Otago with a Bachelor of Commerce majoring in Finance, and a Level 5 Certificate in Financial Services specialising in Investments. Auckland, New Zealand.

Operations & Treasury

Tammy Tseng
Tammy Tseng
Finance Manager

Chartered Accountant with 10+ years' experience across PwC and the commercial sector, with expertise in audit, tax and GST. BCom (Hons) in Commercial Law, University of Auckland. Auckland, New Zealand.

George Kendrick
George Kendrick
Senior Financial Analyst

Studied in the UK and Boston, earning a BBA in Finance with Distinction from Hult International Business School. Passed CAIA Level I and working towards full certification. Auckland, New Zealand.

Madeline Lane
Madeline Lane
Financial Analyst

A graduate of the University of Otago with a Bachelor of Commerce majoring in Economics. Works within the operations team, supporting day-to-day business functions. Auckland, New Zealand.

Compliance

Elizabeth Ginever
Elizabeth Ginever
Risk and Compliance Manager
AML Officer · Risk Management Officer · Compliance Reporting & Training Manager · ARCC member

20+ years in Risk & Compliance across Australia, the UK and New Zealand, with senior compliance roles before founding her own Compliance & Risk consultancy 12 years ago. Diploma in Financial Markets; Associate of the Financial Services Institute of Australasia. Auckland, New Zealand.

Loan Origination

RL
Ricky Luo
Business Development Manager

Extensive experience across banking, mortgage advisory and property finance in New Zealand, with prior lending roles at ASB and BNZ and time as a mortgage adviser. Strong track record in residential and investment property lending, working with borrowers, brokers and professional advisers to structure practical funding solutions. Fluent in English and Mandarin. Auckland, New Zealand.

Richard Clark
Richard Clark
Business Development Manager — South Island & Wellington

Extensive experience in business banking and SME finance across New Zealand, with a relationship-focused approach. Works closely with accountants, solicitors and advisers to help clients strengthen their financial position, refine their structure and access the right funding solutions.

Audit, Risk & Compliance

The ARCC assists the Board in fulfilling its governance, risk, compliance and audit responsibilities by overseeing and advising the Board.

Investment & Product

On behalf of the Board, the IPC oversees, selects, approves and monitors new investment opportunities for the company.

Credit Committee

The Credit Committee oversees, selects and approves loans for the CFML Mortgage Fund.

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