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Private company

Fay Richwhite

Fay, Richwhite & Company is the investment vehicle of Switzerland-based New Zealand merchant bankers Sir Michael Fay and David Richwhite. The company operated at the forefront of the country's economic deregulation ("Rogernomics") during the 1980s and 1990s, and became well known for corporate finance, state asset privatisation, and special partnerships.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

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Fay, Richwhite & Company is the investment vehicle of Switzerland-based New Zealand merchant bankers Sir Michael Fay and David Richwhite.2

The story

The company was formed in 1975. Sir Michael Fay, David Richwhite and Fay, Richwhite & Company were the founding pioneers of New Zealand's America’s Cup dynasty. Funding three legendary campaigns between 1987 and 1992, they transitioned Kiwi sailing from an amateur pastime into a professional, technologically dominant powerhouse.

Before Fay and Richwhite, New Zealand was largely viewed internationally as a remote, quiet agricultural economy.

They changed this perception not only through the creation of the Eurokiwi bond market, proving to Wall Street and European capitals that New Zealand was a sophisticated place to invest capital, but also through their America’s Cup campaigns. These were not just about sailing as they were also massive corporate hosting platforms to introduce global CEOs, tech tycoons, and billionaires to New Zealand businesses.

From Wikipedia’s article on Fay Richwhite, shared under CC BY-SA 4.0.3

Sources

The numbers on this page point here. Each one links to the record it came from.

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