First Sentier Investors

First Sentier Investors, formerly known as Colonial First State Global Asset Management in Australia and First State Investments elsewhere, is a global asset management business that manages US$176 billion (as at 31 December 2020) in assets managed on behalf of institutional investors, pension funds, wholesale distributors, investment platforms, financial advisers and clients worldwide. First Sentier Investors provides active, specialist investment capabilities managed by a group of independent investment teams. They take a long-term approach to investment with a focus on preserving capital and performance through market cycles.

First Sentier Investors.
IndustryInvestment management
Founded1988 (1988)
Headquarters
Sydney,
Australia
Area served
Worldwide
Key people
Mark Steinberg
(CEO)
ProductsAsset management
AUM US$176 Billion (2020)
Number of employees
800+ (2020)
Websitewww.firstsentierinvestors.com

In August 2019, Mitsubishi UFJ Trust and Banking Corporation acquired the business from the Commonwealth Bank of Australia. The company operates as a standalone global investment management business, with offices across Asia, Australasia, Europe and North America.[1][2]

Corporate structure

First Sentier Investors operates as a standalone business governed by a Board of Directors, with assets under management of US$176 billion (as at 31 December 2020). First Sentier Investors includes full ownership of Stewart Investors and FSSA Investment Managers, an Asian equities investor and Realindex Investments, a systematic investment strategy.

History

From 2000 to 2019 CFSGAM was part of the Commonwealth Bank of Australia Group's Wealth Management Division.

On 2 August 2019, Mitsubishi UFJ Trust and Banking Corporation acquired the business from Commonwealth Bank of Australia. Mitsubishi UFJ Trust and Banking is a wholly owned subsidiary of Mitsubishi UFJ Trust and Banking Corporation. In late 2019, the company rebranded from CFSGAM to First Sentier Investors in Australia, while continuing to use the First State Investments brand globally. In September 2020 First State Investments also rebranded to First Sentier Investors, with the company for the first time using the same brand name both in Australia and globally.[3]

Responsible Investment

First Sentier Investors has been a signatory to the United Nations' Principles for Responsible Investment (also referred to as PRI) since 2007 and produce an annual report.[4][5]


References
  1. "First Sentier Investors - Corporate Profile". 2 August 2019.
  2. "CBA ties cut in CFSGAM rebrand". 16 September 2019.
  3. "First Sentier Investors: Our Brand". First Sentier Investors. 25 August 2020. Archived from the original on 25 August 2020.
  4. "Colonial First State Global Asset Management (including First State Investments)". United Nation's Principles for Responsible Investment framework. 2017.
  5. "CFSGAM committed to responsible investing". Money Management. 2007.


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