Colonial First State Global Asset Management (CFSGAM, known as First State Investments outside of Australia) is the consolidated asset management division of the Commonwealth Bank of Australia. We are a global asset management business with experience across a range of asset classes and specialist investment sectors. CFSGAM is one of the largest managers of Australian sourced funds, with a growing presence in international markets. CFSGAM and First State Investments collectively manage over A$182 billion (as at 31 December 2013) on behalf of institutional investors, pension funds, wholesale distributors and platforms, financial planners and their clients worldwide.
CFSGAM is a world-class asset management business with a global footprint with offices located in Sydney, Melbourne, London, New York, Paris, Frankfurt, Edinburgh, Hong Kong, Singapore, Tokyo, Jakarta and Auckland; and represented in Beijing and Shenzhen through the First State Cinda joint venture.
CFSGAM employs teams of investors who are specialists in their respective fields and set their own investment style. Their incentive structures are directly aligned with the results they deliver for clients and investment teams are structured so managers and analysts are given a strong sense of portfolio ownership. CFSGAM believes this promotes commitment and intellectual engagement, aligning our interests and success with those of their clients.
Colonial First State Custom Solutions is widely regarded as a leading provider in tailored ‘white label’ and ‘private label’ solutions to financial planning dealer groups and institutional investors. Our platform was named Australia's best overall platform in the annual Investment Trends Platform Report survey for 2012.
We offer tailored solutions across investments (IDPS), superannuation, pension and managed account services.
With over 10 years of experience in the platforms market, we currently administer assets in excess of $15 billion on behalf of some of Australia’s leading financial planning networks.
In June 2000, the Colonial group of companies merged with the Commonwealth Bank of Australia creating the most diversified financial services organisation in Australia. The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 is the administrator/insurer for a range of personal superannuation, corporate superannuation, retirement income, investment and insurance products. These products are serviced by independent financial advisers and financial advisers associated with the Commonwealth Bank Group. Life insurance products from the Commonwealth Bank Group are managed under the CommInsure brand.
Colonial First State is a subsidiary of the Commonwealth Bank of Australia ("the Group"). In early 2002, the investment management operations of Commonwealth Investment Management were integrated with Colonial First State. The combined organisation is now an integral part of the Group's strategy as a total financial services provider.