First Sentier Investors

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First Sentier Investors
IndustryInvestment management
Founded1988
Headquarters
Area served
Worldwide
Key people
Mark Steinberg
(CEO)
ProductsAsset management
AUMDecrease AU$251.0 Billion (31 December 2021)
Number of employees
900+ (2021)
ParentMitsubishi UFJ Trust and Banking Corporation
Websitewww.firstsentierinvestors.com

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$182.5 billion (as at 31 December 2021) 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.

In August 2019, Mitsubishi UFJ Trust and Banking Corporation acquired the business from the Commonwealth Bank. 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$182.5 billion (as at 31 December 2021). 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 until 2019, Colonial First State Global Asset Management was part of the Commonwealth Bank's Wealth Management Division. On 2 August 2019, Mitsubishi UFJ Trust and Banking Corporation acquired the business.[3] In late 2019, the company rebranded from Colonial First State Global Asset Management 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.[4]

Responsible Investment[]

First Sentier Investors has been a signatory to the United Nations' Principles for Responsible Investment since 2007 and produce an annual report.[5][6]

References[]

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

External links[]

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