First Sentier Group
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 A$215 billion (as at 30 June 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. 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] HistoryFrom 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]
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