About Us

First State Investments (known as Colonial First State Global Asset Management in 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.

We are stewards of over A$219 billion* (as at 31 December 2017) on behalf of institutional investors, pension funds, wholesale distributors and platforms, financial planners and their clients worldwide.

We are a global asset management business with offices located in Sydney, Melbourne, London, Paris, Frankfurt, Edinburgh, New York, Louisville, Hong Kong, Singapore and Tokyo.


Total staff Investment Staff
UK Europe and Middle East 363 56
Asia (Including Japan) 155 29
Australia and New Zealand 298 101
North America 41 18
Total 857 204

We employ teams of investors that are specialists in their respective fields and who set their own investment style. Each investment team is structured so that portfolio managers and analysts have a strong sense of portfolio ownership. Incentive structures are directly aligned to the results they deliver for clients. Information on the investment philosophy and approach for each team can be found in in the team profile sections of this site.

While different investment teams have different investment approaches, all teams believe that markets are not completely efficient and that value can be added for our clients through careful investment analysis and prudent decision making.

 Source: Commonwealth Bank of Australia financials as at 31 December 2017.