Mitsubishi UFJ Trust and Banking Corp., a consolidated subsidiary of Mitsubishi UFJ Financial Group, has rebranded Colonial First State Global Asset Management (CFSGAM) to First Sentier Investors.
The announcement follows the completion of CFSGAM’s sale from Commonwealth Bank of Australia to the Trust Bank in August 2019. Mitsubishi UFJ Trust and Banking Corp. acquired shares of nine subsidiaries of Colonial First State Group, which collectively, including their subsidiaries, represent the global asset management business of CFSGAM. The transaction was valued at A$4 billion ($2.7 billion).
Now under the MUFG Group, CFSGAM’s name is changed to introduce a globally unified brand.
CFSGAM’s businesses outside of Australia, currently known as First State Investments, will also launch the unified brand by the end of 2020. The Stewart Investors, FSSA Investment Managers and Realindex sub-brands will continue to be used.
