News in Brief - Caproasia Online
Caproasia.com | The leading source of data, research, information & resource for investment managers, professional investors, UHNW & HNW investors, and advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.







Commonwealth Bank of Australia to IPO Colonial First State Global Asset Management in 2018

Commonwealth Bank of Australia (CBA) will publicly list their investment management business, Colonial First State Global Asset Management (Colonial First State) managing A$219 billion AUM after a strategic review announced in September 2017.  The strategic review determined that an independent ownership model would provide greater benefit.

” CBA to list Colonial First State managing A$219 billion AUM “

Commonwealth Bank of Australia will pursue an initial public offering (IPO) of Colonial First State on the Australian Securities Exchange (“ASX”) by the end 2018, subject to market conditions and necessary approvals.

Colonial First State is known as First State Investments outside Australia and manages A$219 billion AUM (2017).  CBA is one of the “big four” banks in Australia.  The other 3 banks are ANZ, NAB and Westpac.


Ads & Announcements



Source: CBA

 

 

About Colonial First State Global Asset Management

CFSGAM, known as First State Investments outside of Australia, is a global investment management business with established offices across Europe, the US and Asia Pacific regions. As at 31 December 2017, CFSGAM managed A$219 billion of assets on behalf of institutional investors, pension funds, wholesale distributors, investment platforms, financial advisers and their clients worldwide.

 

About Commonwealth Bank

Commonwealth Bank
Commonwealth Bank

The Commonwealth Bank is Australia’s leading provider of integrated financial services including retail banking, premium banking, business banking, institutional banking, funds management, superannuation, insurance, investment and sharebroking products and services. The Group is one of the largest listed companies on the Australian Securities Exchange and is included in the Morgan Stanley Capital Global Index. It was was founded under the Commonwealth Bank Act in 1911 and commenced operations in 1912, empowered to conduct both savings and general banking business. Today, the bank has grown to a business with more than 800,000 shareholders and 1,100 branches nationally.

  • Origin : Sydney, Australia
  • Assets : $933.1 billion
  • Revenue : $24.6 billion
  • Employees : 52,000

Official Website: www.commbank.com.au

News & Media: Press Release

Updated on 8th August 2016




2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM

Register Below
Latest 2022 data & reports, insights & news
Every Saturday & Sunday 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

For Investors | Professionals | Executives




New to Caproasia?
Join 10,000 +
Learn More | Sign Up Today







For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Subscribe / Sign Up / Contact Us


    Mailing ListFree TrialInvestor $680 YearlyProfessional $680 YearlyExecutive $2,000 Yearly


    Private WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights











    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014


    Web links may be disabled on mobile for security.
    Please click on desktop.









    Previous articlePIMCO Hires Wesley Chan as Executive Vice President and Portfolio Manager
    Next articleCiti Private Bank Appoints Julie Koo as Head of Citi Investment Management Sales for APAC
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia