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
New research has shown that investing in alternative assets and using active management has, to this point, delivered strong results for Australian super funds.
Australia’s $4 trillion superannuation industry is fundamentally reshaping the nation’s external accounts, setting the stage for a more sustainable current account surplus despite weaker commodity markets.
Rest has expanded its portfolio of renewable energy infrastructure by supporting a Victorian solar farm and battery project.
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
