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The company was established in 1988 when the State Bank of New South Wales created First State Fund Management as a subsidiary. In 1994, Colonial Mutual acquired the State Bank of New South Wales from the NSW Government, and on 23 September 1996 the merged entity was rebranded as Colonial State Bank, with First State Fund Management being branded as "Colonial First State" (CFS).
The change meant First State Super became included in comparisons of performance, fees and other features with other funds. [5] In 2012, First State Super merged with Health Super, a not-for-profit superannuation fund for workers in the health care and community services sector. At the time the merger meant the combined entity was the third ...
Colonial was founded in Melbourne in 1873. The first President of the Society was Sir Redmond Barry. [1] The first Chief Manager was Thomas Jacques Martin. [2]In the 1980s, Jacques Martin was established to provide administration and consulting services to rapidly expanding corporate and industry-based retirement funds.
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Colonial First State, Colonial First State Global Asset Management and CommInsure all form part of Wealth Management. CBA has been granted a MySuper authority, enabling it to continue to receive default superannuation contribution from 1 January 2014.
First Sentier Investors, formerly known as Colonial First State Global Asset Management in Australia and First State Investments elsewhere, is a global asset management business that manages US$146.2 billion (as at 31 December 2022) in assets managed on behalf of institutional investors, pension funds, wholesale distributors, investment platforms, financial advisers and clients worldwide.
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