About Us

With a strong leadership, First Equity Finance and Bonds has widened its operation to now include the fallowing projects: parks, eco and green projects, golf courses, hotels and hotel resorts, manufacturing, residential housing, sports stadia, theme parks, tourism and tourist projects, transport, including rail, road and shipping, water parks and many other types of project in almost 60 countries worldwide. First Equity Finance and Bonds has helped companies raised a total of more than USD25 billion ($25,000,000,000) in the last 6 years. We work with companies across different industries.

Our Management Team

Anthony Harris

Former CEO - Chief advisor to the company and the President

Anthony’s career with the Foreign and Commonwealth Office, which focused largely on the Arab World, culminated in his appointment as British Ambassador to the UAE in 1994. Other postings included Lebanon, Sudan, Saudi Arabia, the UN in Geneva, and Egypt. From 1990 to 1994 he was responsible for the British Government’s relations with the foreign press worldwide, and the management of the BBC Overseas Service. In the 1980’s he worked for the Defence Export Services Organisation in the Ministry of Defence, where he was responsible for bilateral defence relations with the GCC States, and helped to negotiate the Al-Yamamah Air Defence contract with the Saudi Arabian Government. He was Chargé D’Affaires in the British Embassy in Cairo during the First Gulf War in 1990. Before moving to Dubai he was for two years a Director of Corporate Finance with Robert Fleming in the City of London.

He is now, since 2006, Senior Executive Officer of Robert Fleming Insurance Brokers Middle East in the Dubai International Financial Centre, which acts as a regional hub for the company. He has also set up RFIB Saudi Arabia, where he was General Manager from 2011-14, and RFIB Baghdad. He is currently involved in setting up RFIB Tehran. In the past fifteen years in Dubai he has acted as consultant to a wide range of international companies, mainly in the financial services and corporate intelligence fields.

He also writes and occasionally broadcasts on regional political and economic affairs.

Anthony has an MA in ancient languages, literature, ancient history and philosophy from Exeter College, Oxford. He speaks Arabic, French and some Italian. His main interests are the history of the Mediterranean and Middle East regions, and oriental carpets.

Anthony is married with three children. He divides his time between Dubai and Venice, which is his European base.

Reginald C. McNaughton


Born 15/6/1950 - Guelph Ontario Canada

Mr. McNaughton has worked in the banking and finance industry for over 40 years. Working in Toronto Canada for five years then moving to New York for seven years he worked in banking and land development of high-rise properties.

Reginald moved to Great Britain where he worked in Europe and Hong Kong for a Hong Kong banking institution for three years. He relocated to the UAE and worked in finance for a large insurance company. Reginald ran the investment division for two years and managed a brokerage company in Jakarta Indonesia, moving to Mainland China. He owned and operated Core Capital Investments in Europe and Asia for nine years.

Reginald relocated to Singapore where he started First Equity Bonds along with opening First Equity Finance in Hong Kong and another office in Vietnam which he’s been operating for the past six years.

Tracy Phan

Vice President

Ms. Tracy graduated as an Architect from Hanoi University and has further studied Business Management and International Finance in Vietnam.

Ms. Tracy has 18 years experience working on local and international Architectural and Interior Design projects.  Tracy started her own design business in Vietnam 12 years ago and has created a successful and reputable career in Architecture and Interior Design. 

Ms. Tracy's entrepreneurial spirit helped her build relationships in the financial sector which culminated in project financing that ultimately led her to work with First Equity and develop business in Asia, Caribbean, Africa, Europe

Ryoichi Matsumoto

Vice President Business Development

Born in 1983 in Osaka, Japan

Minamiooe elementary → Uenomiya junior/high school → Ritsumeikan University.

Studied Vietnamese language in HCM→Start (lang-8,Inc) in Kyoto University. Started real estate business in Ho Chi Minh, Vietnam since 2007.Very well respected by the Japanese community in Ho Chi Minh and supporting more than 200 Japanese companies with investments in Vietnam.

Salvatore Cifalà. 

Italy Office Representative

Born 30/01/1961 Messina-Sicily-Italy

Mr. Salvatore Cifalà, graduated in Business Economics and in Statistics Sciences, achieved the highest and unanimous vote at the University of Messina. He has further attended the Master degree in Economic Law, Economics and Management of Environmental Resources and Health Economics at the University of Salerno and at the International University of Venice, Italy.  He has been Adjunct Professor of “Accounting” and “Human Resource Recruitment and Selection”, and “Business Economics” for the graduation courses in the Law Faculty at the University of Messina, Italy. Mr. Salvatore Cifalà has more than 30 years of experience working as Financial Business Consultant, Facilitated Financing Expert and Journalist. He’s the owner of a Financial Advisory Firm, Cifalà Consulting s.r.l., in which with his high skilled profile in corporate and innovative finance have been helping many companies to reach great results in their business.  He is also the author of various publications, the most recent are: “L’efficacia delle misure di intervento agevolato: una rassegna critica. Le misure di intervento agevolato e il loro impatto nell’economia con particolare riferimento a quella siciliana”, 2007; “Guida alle misure di intervento agevolato, 2008; Riflessioni sul tema della concertazione in generale e sui contratti di programma in particolare: il recente quadro evolutivo e quantitativo”, 2009; “Il sistema di reporting nelle aziende sanitarie”, 2010; “Project financing: Strumento alternativo alla finanza agevolata”, 2011; “L’evoluzione strategica alla luce delle nuove dinamiche aziendali: la strategia aziendale quale risultato di un processo di sviluppo di conoscenzeDevelopment 


Anil Kumar Dutt

India Office Representative 

Anil Dutt started carrier in 1970 after graduation and under the technical member electricity utilities and seniors from Abb and L&T, got the well training. Learnt the experience of technical collaboration with Italian company car-bell bros into transmission line hardware up to 400Kv, Lesley Ohio USA isolator company interaction on product development.

Anil Dutt studied on titanium, tendulum, alloy for medical equipment which tried to be used in various replacement due anticorrosive quality of the products.

Anil Dutt studied on cashew nut liquid oil for transformer industries. He aslo studied some chemicals for the purpose to market designing of product. Finance has been the requirement of the time and learnt the art to evaluate.

With 15 years experience on working with projects in Gujarat Maharashtra-India, Anil Dutt realized finance is a subject which plays vital role, he started analyzing financial services, helping projects get the funds they need.