Colonial First State Asset Management (Australia) Limited (Barangaroo, Nsw)

Name: Colonial First State Asset Management (Australia) Limited
Address: Level 5, Tower 3, International Towers, Barangaroo, Nsw, 2000
Telephone: 61 2 9303 4155

Colonial First State Asset Management (Australia) Limited is a large advisory firm based in Barangaroo, Nsw. It manages $74.44 billion of regulatory assets for 161 client accounts. It has been registered with the SEC as an adviser since 2006.

Colonial First State Asset Management (Australia) Limited provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Colonial First State Asset Management (Australia) Limited: assets under management

The assets under management (AUM) of Colonial First State Asset Management (Australia) Limited is $74.44 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 32% since the beginning of its operation, and $72.5 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $74.44 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $462.35 million each.

Investments

The firm invests in cash and cash equivalents the most. They account for 69% of the total AUM. The second-largest asset type is sovereign bonds, which make up 17% of the firm’s portfolio. Investments in exchange traded securities form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Colonial First State Asset Management (Australia) Limited for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Annabel Fitzgerald Spring serves?

The firm provides services to insurance companies, investment companies, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Annabel Fitzgerald Spring is pooled investment vehicles with 64 clients and $29.83 billion of assets under management. Among the 8 most similar advisory firms, Colonial First State Asset Management (Australia) Limited has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $74.08 billion for 159 clients. 94% of the firm’s clients are foreign persons or businesses.

Colonial First State Asset Management (Australia) Limited also advises several private funds.

Careers at Colonial First State Asset Management (Australia) Limited

The company employs 272 people that are either part- or full-time employees. 34 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Annabel Fitzgerald Spring has been acting as President since 1 Oct 2011. David Geoffrey Dixon has served as the Chief Investment Officer since 1 May 2005 and Mark John Lazberger is the Chief Executive Officer of Colonial First State Asset Management (Australia) Limited family office. Harry Patrick Moore joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stuart Grimshaw	Group executive wealth management, commonwealth bank of australia	1 Apr 2003	Other	5079213
Nicola Jane Martin	Chief compliance officer	1 May 2004	Other	5102158
Terrence D Mckinn	Chief compliance officer	1 Jul 2004	Other	4355022
Terrence Damien Mckinn	Chief compliance officer	1 Jul 2004	Other	4355022
Michael Andrew Cameron	Group executive financial and risk management, commonwealth bank of australia	1 Sep 2004	Other	5079212
Jose Firmino Quintal Fernandes	Head of global investment solutions	1 May 2005	Other	5079211
David Geoffrey Dixon	Chief investment officer	1 May 2005	Other	5079210
Colonial First State Group Limited	Beneficial owner	1 May 2005	75% - 100%	foreign
Warwick Martin Negus	Chief executive officer	1 Jun 2005	Other	2750560
Brian John Mcfadyen	Executive legal counsel	1 Jul 2005	Other	6010745
David Geoffrey Dixon	Global chief investment officer	1 Dec 2005	Other	5079210
Richard Warren Jamieson	Chief financial officer	1 Dec 2005	Other	5079208
Paul Gerard Gately	Chief operating officer	1 Dec 2005	Other	3007352
Jose Fernandes	Head of global investment solutions	1 Dec 2005	Other	5079211
Jose Firmino Quintal Fernandes	Head of global investment solutions	1 Dec 2005	Other	5079211
Grahame Petersen	Group executive, wealth management	1 May 2006	Other	5228888
Gary Thursby	Executive general manager	1 May 2006	Other	5228889
David Paul Craig	Group executive financial and risk management, commonwealth bank of australia	1 Aug 2006	Other	5417592
Michael John Venter	Executive general manager	1 Nov 2006	Other	5417595
Michael James Hill	Chief compliance officer	1 Jan 2007	Other	5421030
Mark David Steinberg	Chief financial officer	1 Jan 2008	Other	6010747
Mark John Lazberger	Chief executive officer	1 Sep 2008	Other	5627953
Lynette Elizabeth Cobley	Director	1 Oct 2009	Other	6010744
Andrew Michael Cummins	Head of strategy, operations and projects	1 Mar 2011	Other	6010746
Joanna Vivien Davison	Regional managing director australia & new zealand	1 Mar 2011	Other	6010743
Annabel Fitzgerald Spring	Director	1 Oct 2011	Other	3103594
Michael John Venter	Alternate director	1 Nov 2011	Other	5417595
David Durante	Chief financial officer	1 Oct 2012	Other	6010747
Susan Turner	Chief financial officer	1 Jul 2013	Other	6010747
Pascal Kasimba	Chief legal officer	1 Sep 2013	Other	6674805
Simon Roderick Maidment	Director	1 Jan 2014	Other	6403119
Joe Flex	Chief compliance officer	1 May 2014	Other	5374713
Andrew Robert Morgan	Alternate director	1 Feb 2015	Other	6556607
Gregg Johnston	Director	1 Apr 2016	Other	5738434
Vittoria Annabel Shortt	Director	1 Aug 2016	Other	6711862
Andrew Gregory Plum	Chief financial officer	1 Aug 2016	Other	6527030
Susan Turner	Chief operating officer	1 Sep 2016	Other	6010747
Andrew Craig Doyle	Chief financial officer	1 Feb 2017	Other	6759034
Elizabeth Ann Hastilow	Chief legal officer	1 Jan 2018	Other	6917761
Mark David Steinberg	Chief operating officer	1 Feb 2018	Other	6916500
Mark David Steinberg	Chief executive officer	1 Oct 2018	Other	6916500
Brian John Hollingworth	Director	1 Oct 2018	Other	6658074
Robert Gordon Scott	Chief operating officer	1 Jun 2019	Other	5695143
Harry Patrick Moore	Director	1 Aug 2019	Other	7170791
Suzanne Clare Evans	Chief financial officer	1 Aug 2019	Other	7167881
Carol Australia Holdings Pty Limited	Beneficial owner	1 Aug 2019	75% - 100%	foreign
First Sentier Investors Holdings Pty Ltd	Beneficial owner	1 Aug 2019	75% - 100%	foreign

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Commonwealth Insurance Holdings Limited	Shareholder	1 May 2005	75% - 100%	foreign
Colonial Holding Company Limited	Shareholder	1 May 2005	75% - 100%	foreign
Commonwealth Bank Of Australia	Head parent company	1 May 2005	75% - 100%	foreign
The Colonial Mutual Life Assurance Society Limited Shareholders Fund	Indirect beneficial interest	1 May 2005	75% - 100%	foreign
Colonial Limited	Indirect beneficial interest	1 May 2005	75% - 100%	foreign
Colonial Holding Company (No.2) Pty Limited	Indirect beneficial interest	1 May 2005	75% - 100%	foreign
Colonial Holding Company Limited	Indirect beneficial interest	1 May 2005	75% - 100%	foreign
Inc Mitsubishi Ufj Financial Group	Head parent company	1 Oct 2005	75% - 100%	foreign
Commonwealth Insurance Holdings Limited	Shareholder	1 Apr 2006	75% - 100%	foreign
Colonial Holding Company Limited	Shareholder	1 Apr 2006	75% - 100%	foreign
Commonwealth Bank Of Australia	Head parent company	1 Apr 2006	75% - 100%	foreign
Mitsubishi Ufj Trust And Banking Corporation	Shareholder	1 Aug 2019	75% - 100%	296868

Based in Barangaroo, Nsw

The principal office where Colonial First State Asset Management (Australia) Limited performs its advisory services is located at Level 5, Tower 3, International Towers, Barangaroo, Nsw, 2000, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 61 2 9303 4155. The normal business hours are 8am-6pm on Monday - Friday. You can find more information about the New York firm at cfsgam.com.au and its LinkedIn profile.