Colonial First State
Colonial First State, established in 1988, is one of Australia's leading wealth management groups, with more than A$130 billion under management.[1]
 | |
| Type | Subsidiary |
|---|---|
| Industry | Financial Services |
| Founded | 1988 |
| Headquarters | Sydney, New South Wales , Australia |
Key people | Michael Venter (COO) |
| Products | Investment, Superannuation and Retirement |
| AUM | AU$130 billion |
| Parent | Commonwealth Bank |
| Website | colonialfirststate |
They provide investment, superannuation and retirement products to individuals as well as to corporate and superannuation fund investors. Their wide range and investment management expertise spans Australian and global shares, property, fixed interest, credit, hedge funds, infrastructure and private equity.[1]
In May 2020, owner Commonwealth Bank announced that, subject to gaining approval from the Australian Prudential Regulation Authority and Foreign Investment Review Board, it would sell a 55% interest in the business to KKR in the first half of 2021.[2]
References
- "CBA ASX announcement: Divestment of global asset management business" (PDF). firststateinvestments.com. 31 October 2018. Retrieved 19 March 2019.
- CBA Announces Agreement to sell 55% stake in Colonial First State to KKR Commonwealth Bank 13 May 2020
External links
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