POWERED BY MOMENTUM MEDIA
Colonial First State eyes Germany in bid for Europe
Colonial First State Global Asset Management (CFSGAM) has pushed further into continental Europe, opening an office in Frankfurt am Main and appointing a new sales manager.
CFSGAM funds have been available through most large banks via First State Investments, its international arm, which has had a presence in the German marketplace since 2001.
Mark Lazberger, CFSGAM's chief executive officer, said it was trying to build its institutional client base by demonstrating a long-term commitment and increasing resources in the region.
"A key component of our business strategy is the continued expansion of our investment and distribution capabilities globally," he said.
CFSGAM also opened an office in Paris earlier this year.
Lazberger said the company would focus on building its institutional client base in Germany, particularly its emerging market debt capabilities. The emerging markets debt team was established last year and is led by Helene Williamson.
In April, CFSGAM appointed David Gaschik to the position of sales manager for Germany, reporting to Europe sales director Marc Bishop.
Gaschik joins CFSGAM after 10 years with UBS under UBS Global Asset Management and UBS Wealth Asset Management, Germany. He held positions including head of wealth management division and head of private banking clients.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Taking a purely passive investment approach is leaving many investors at risk of heightened valuation risks, Allan Gray and Orbis Investments have cautioned.
Annual trimmed mean inflation saw a slight spike in April, according to data from the ABS.
Active managers say that today’s market volatility and dislocation are creating a fertile ground for selective stock picking, reinforcing their case against so-called “closet indexers”.
Platform leaders admit they’re operating under constant pressure and a persistent “state of paranoia” to keep pace with technology that is reshaping how clients access and interact with their wealth.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
