Overview
First Sentier Investors (Australia) IM Ltd (“FSI AIM”) ABN 89 114 194 311, registered in 2005, is part of First
Sentier Investors (“FSI”) a global asset management business. FSI AIM is a wholly owned subsidiary of
First Sentier Investors Holdings Pty Limited (“FSI Holdings”), which is a wholly owned subsidiary of
Mitsubishi UFJ Trust and Banking Corporation (“MUTB”). MUTB is a wholly owned subsidiary of Mitsubishi
UFJ Financial Group, Inc. (“MUFG”). As such, FSI AIM is ultimately 100% owned by MUFG.
FSI had US$162.1bn funds under management as at 31 December 2023 and has 255 investment focussed
employees located in offices including Sydney, New York, London, Edinburgh, Dublin, Paris, Singapore,
Frankfurt, Tokyo and Hong Kong.
In Australia, FSI AIM is the holder of an Australian Financial Services Licence (AFSL 289017) issued by the
Australian Securities and Investments Commission (“ASIC”).
Where we provide investment management services through a separate account, we agree the investment
objectives with the client and they may specify investment restrictions which would be set out in their
investment management agreement with FSI AIM. We tailor the advisory services and fees charged to
clients and the type of reporting they receive.
The guidelines typically describe the investment parameters and types of securities that are eligible for (or
prohibited from) the account.
FSI AIM also provides investment management services as a subadvisor to investment advisors of
investment vehicles with US and non-US institutional investors.
FSI AIM also provides investment management services as a subadvisor to investment
advisors that seek
advice through the provision of model portfolios. These model portfolios are used by the investment advisor
to manage their client accounts. The timing and nature of services provided by FSI AIM with respect to
model portfolios are defined separately in the service agreements with relevant investment advisors as the
parties see fit in each case and as a result may differ between the agreements. Notwithstanding these
differences, FSI AIM has conflicts of interest management procedures in place to ensure all client interests
under relevant agreements are treated equitably and fairly.
FSI AIM does not participate in any wrap fee programs or act as a custodian.
As of 31 December 2023, FSI AIM’s assets under management (“AuM”) were as follows:
Discretionary: US $ 89,558,847,091
Non-Discretionary: Nil
Total: US $ 89,558,847,091
This includes assets where we have sub-delegated discretion to an affiliate and assets where an affiliated
manager has delegated authority to FSI AIM. Therefore, certain of the assets will also be included in the
AuM reported by our affiliated managers.
Management Services
Each client account is designed to meet a particular investment goal. Through discussions with the client,
the client’s goals and objectives are established. Once the account has been funded, it will be managed in
accordance with the objectives, investment guidelines and restrictions. The client retains ownership of the
securities which comprise the account or appoints a third party custodian to retain ownership of the
securities which comprise the account on their behalf.