Overview of Colonial First State Investments
Scott Tully, General Manager of Investments provides an overview of Colonial First State Investments.
Colonial First State has an experienced team of investment professionals that specialise in constructing and managing Multi-Sector and Single-Sector options across active management, smart beta and market cap index strategies.
With eight Index Single-Sector, six Index Multi-Sector, six Multi-Index, two Single-Manager Specialist Share, fifteen Multi-Manager Single-Sector and eight Multi-Manager Multi-Sector options on offer, it’s easy to find a solution that meets your clients’ investment needs. The Investments team currently manages over $58B (as at January 2021) on behalf of Colonial First State’s investment, super and retirement members.
The investment team constantly monitors the portfolios and makes changes to allocations and managers as needed to achieve the best possible outcomes for investors. Mercer provides investment consulting services to enable adequate coverage of the Investment Management universe and to support the team’s rigorous portfolio construction approach.
The team’s investment philosophy is based on five beliefs:
Scott has led the Colonial First State Investments team since 2002. The team was formed following the merger of Colonial First State and Commonwealth Investment Management and has responsibility for the management of a range of investment portfolios available to Colonial First State’s clients.
Having spent 3 years with William M Mercer in the field of Superannuation Consulting, Scott joined State Bank of NSW in 1992 as an Actuarial Analyst and subsequently had a variety of roles in credit, market risk and financial markets. Following Commonwealth Bank’s acquisition of Colonial Limited (and its subsidiary Colonial State Bank) in 2000, Scott reported to the Group Executive, Institutional Banking before joining Commonwealth Investment Management in the role of Portfolio Manager, Implemented Advice.
Scott holds a Bachelor of Science (Mathematics) from the University of NSW. He has also completed the Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australia.
Peter manages a specialist team of Senior Investment Managers and Investment Analysts, with responsibility for driving the teams’ research agenda and investment process. The specialist team are responsible for portfolio construction, asset allocation and manager selection for Colonial First State's investment strategies.
Prior to 2002, Peter was employed by Commonwealth Investment Management in the position of Portfolio Manager, Implemented Advice. Peter moved into this role from Commonwealth Financial Services, where he was the Head of the Superannuation and Retirement Income Product Management. This role included responsibility for a range of multi-manager funds. Prior to joining the Commonwealth Group in 1997, Peter gained extensive experience in the management and distribution of retail and corporate financial services products through Product Management, Marketing, Technical, Customer Service and Administrative roles with GIO, Connelly Temple and National Mutual.
Peter holds a Bachelor of Science, majoring in Mathematics, from the University of New South Wales, and was formerly a Director of the Australian Retirement Incomes Stream Association (ARISA).
As Executive Manager of Colonial First State’s Responsible Investment team, Guneet is responsible
for the development and implementation of the Responsible Investment Strategy.
Guneet previously served as a Senior Investment Manager for Colonial First State’s Alternatives
portfolio, where she undertook manager research, worked on portfolio construction, and also
contributed to research across a range of other asset classes.
Prior to working with Colonial First State, Guneet was a senior investment manager at ipac, Australia – a role that involved asset class research and portfolio management. She was also previously involved in setting up AXA multi-manager portfolios for the Mandatory Provident Fund market in Hong Kong.
Guneet has a Graduate Diploma in Applied Finance from FINISIA. She also has a Postgraduate Diploma in Business Management and an Economic Honours degree from the University of Delhi, India.
Andrew joined the Colonial First State Investments team in March 2002 following the merger of Colonial First State and Commonwealth Investment Management.
Andrew is the Investment Manager for Colonial First State’s Global equity portfolios. He is responsible for manager research and portfolio construction for Global Equities, including Emerging Markets and Asian Shares.
Andrew was previously involved in research and management of several asset class portfolios, including the development and management of Alternatives Portfolio, and manager selection and portfolio management for the Global Property and Infrastructure portfolios.
Andrew commenced work with William M Mercer Investment Consulting in February 1998 as an Actuarial Analyst, moving to Commonwealth fund services in November 1999 as a Senior Performance Analyst and then to Commonwealth Investment Management in October 2001 as a Quantitative Analyst.
Andrew holds a Bachelor of Economics degree, majoring in Actuarial Studies and Finance. In 2010, he completed the Certified Investment Management Analyst Program.
George joined the Colonial First State FirstChoice Investments Team in June 2006. In his current role, he manages fixed interest portfolios and is responsible for analysis on macroeconomic and investment strategy. George started his career as an economist at the Department of the Prime Minister & Cabinet where he provided analysis and forecasts on domestic and overseas economic developments. George then worked in the area of tactical asset allocation when he moved to Westpac Investment Management. Consultancy positions followed with Anderson Consulting and IPAC, before more recently a Senior Investment Analyst role in funds manager rating at ASSIRT Research. George gained a 1st Class Honour degree in Economics & Econometrics from UNSW, and a Master of Economics from ANU. He also holds an MBA from Australian Graduate School of Management as well as CFA. George is fluent in Cantonese.
Leroy joined the Colonial First State Investments Team in October 2013.
Leroy is a Senior Investment Analyst responsible for undertaking research and providing advice in relation to manager selection and portfolio management of the FirstChoice Property and Infrastructure Securities, Fixed Interest and Cash portfolios.
Leroy joined the Graduate program of the Commonwealth Bank Group in February 2012 and spent time across Technical Services, Strategy and Fund Services.
Leroy holds a Bachelor of Actuarial Studies with first class honours degree in Economics from Macquarie University. He completed his Certified Investment Management Analyst (CIMA) in November 2016. Leroy is fluent in Mandarin and Cantonese.
Jujhar joined the Colonial First State Investments Team in June 2014.
Jujhar is the Senior Investment Manager for Colonial First State’s diversified portfolios which include FirstChoice multi-sector multi-manager; FirstChoice multi-index; FirstChoice Employer Super and Commonwealth Essential Super Lifestage; and CFS index diversified portfolios. He is also responsible for the Direct Infrastructure and Property portfolios. Jujhar was previously responsible for Colonial First State’s Australian Property Securities, Global Property Securities and Global Infrastructure Securities portfolios.
Jujhar was also previously an Executive Manager – Senior Investment Analyst at CommInsure. In his previous role he was responsible for determining strategic asset allocations, dynamic asset allocation, multi manager portfolio design and construction and manager research, analysis and selection for the Insurance businesses of the Commonwealth Bank of Australia (CBA). Prior to this Jujhar has worked at Mercer and Asteron Life.
Jujhar holds a Bachelor of Commerce, majoring in Actuarial & Finance from the University of New South Wales, and is a CAIA charter holder.
Ben joined the Colonial First State FirstChoice Investments team in May 2016.
Primarily, Ben has responsibility for undertaking research and providing advice in relation to manager selection and portfolio management of the FirstChoice Australian Share, Australian Small Companies, Australian Property Securities, Global Property Securities and Global Infrastructure Securities portfolios.
Previously, Ben was a Senior Analyst in the Investment and Research Governance team at BT. From 2007 to 2015, Ben was a consultant and Manager researcher at Mercer Investments. In his role at Mercer, Ben had dual responsibilities as an investment consultant and member of the Real Estate boutique, as lead researcher for Australian Direct property, back-up researcher for REIT’s and consultant to clients on their property portfolios.
Ben holds a Bachelor of Commerce degree, majoring in Accounting & Finance from University of New South Wales. He also completed the Certified Investment Management Analyst Program in 2010.
Daniel joined the Colonial First State Investments team in September 2020.
Daniel is the Investment Manager for Colonial First State’s Unlisted Investments and responsible for the Direct Infrastructure and Property portfolios.
Prior to joining Colonial First State, Daniel managed a Private Equity investment program at AMP Capital and held manager research investment roles in Sydney and London. Daniel started his career in Sydney with Westpac before spending 10 years in London, gathering significant experience across a broad range of asset classes working for Goldman Sachs Asset Management, Credit Suisse, a Swiss Private Bank and the British Telecom Pension Fund. At the BT Pension Fund, Daniel was responsible for listed and unlisted equities and helped to create their first direct infrastructure mandate in 2012. Returning to Sydney in 2013, Daniel held various manager research and investment roles for Morningstar, BTFG, NRMA and AMP Capital.
Daniel holds a Bachelor of Science (Biology) and a Graduate Diploma (Environmental Science) from the University of Sydney. He has also completed the Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australia and is a CFA Charter holder.
Robert joined the Colonial First State Investments Team in February 2021. In his current role he is the Investment Manager for Colonial First State’s Alternatives Portfolio, responsible for research and portfolio construction for Alternatives as well as contributing to research for other asset classes.
Robert has worked in financial services and investment management for 25+ years with core expertise in alternative investments as well as covering traditional asset classes - in both public and private markets and across superannuation, high net worth and retail client sectors.
Prior to joining Colonial First State, Robert was a senior investment analyst at Mine Super, covering liquid alternatives, property and fixed income/credit. Before this, Robert was a senior analyst / portfolio manager within the multi-manager team at Perpetual Investments, with a focus on hedge fund and absolute return investments, fixed income and credit. From 2004 until 2012, Robert was the portfolio manager for the Select Alternatives Portfolio and responsible for the day to day management of Select Portfolio Solutions at Select Asset Management. Robert’s expertise in alternative investments began in 1999 when he returned from London and joined DB Absolute Return Strategies, the hedge fund specific business within the Deutsche Bank group, working as a senior hedge fund analyst, investment specialist and quantitative specialist for absolute return products. Prior to that, Robert worked in London for Deutsche Bank, ING Barings and for KPMG in London and Perth.
Robert holds a Bachelor of Commerce from the University of Western Australia majoring in accounting and finance, and is a Chartered Accountant (Chartered Accountants Australia and New Zealand)
Fiona joined the Colonial First State Investments team in January 2004.
Fiona is a Senior Investment Analyst responsible for supporting the team with quantitative analysis and research in several areas including Investment Risk Management. She has worked on a number of bespoke projects focused at achieving efficient portfolio implementation, including a review of investment strategies that are most appropriate for Geared Equity Funds and a review of how Global Equity Managers execute spot FX.
From November 2000 until October 2002, she worked as a quantitative analyst for BT Funds Management and was responsible for providing quantitative analytics to both the domestic and international equity teams. Prior to this, she worked as a senior consultant for Barra International in London for over 3 years. In this role, she supported fund managers in their understanding and use of Barra’s risk management and performance attribution tools. Specifically, she gained extensive knowledge of appropriate quantitative methods for assessing managers against their peers.
Fiona has a first class honours bachelor degree in Mathematics and Statistics from the University of St. Andrews in Scotland, UK.
Ernest joined the Colonial First State Investments team in January 2016.
Ernest is the Senior Investment Analyst for Colonial First State’s diversified portfolios which include FirstChoice multi-sector multi-manager; FirstChoice multi-index; FirstChoice Employer Super and Commonwealth Essential Super Lifestage; and CFS indexed diversified portfolios. He is responsible for undertaking research and quantitative analytics for these portfolios.
Ernest was previously a Graduate at the Commonwealth Bank of Australia. In his previous role he spent time across Audit, Colonial First State Global Asset Management, Wealth Strategy and Investment Development.
Ernest holds a Bachelor of Actuarial Studies and a Bachelor of Finance, majoring in Investment Management from the Australian National University, and is a CFA charter holder.
Emily joined the Colonial First State Investments team in July 2019.
Emily is an Investment Analyst within Colonial First State’s Investments team who are responsible for managing the FirstChoice Multi-Manager Multi-Sector, FirstChoice Multi-Manager Single-Sector, FirstChoice Multi-Index, CFS Index Diversified, FirstChoice Employer Super and Commonwealth Essential Super Lifestage portfolios. She is responsible for undertaking quantitative analytics across these portfolios.
Prior to joining the team, Emily was an Analyst at Macquarie Investment Management in Sydney. During her term at Macquarie she was responsible for portfolio and quantitative analytics across Currency, Listed Equities, Fixed Income, Infrastructure Securities and the Macquarie Professional Series within the Asia-Pacific, US and UK regions.
Emily holds a double degree in Bachelor of Actuarial Studies and Finance at The Australian National University, majoring in both Capital Markets and Quantitative Finance.
Chetan joined the Colonial First State Investments team in April 2020.
Chetan is an Investment Analyst within Colonial First State’s Investments team who are responsible for managing the FirstChoice Multi-Manager Multi-Sector, FirstChoice Multi-Manager Single-Sector, FirstChoice Multi-Index, CFS Index Diversified, FirstChoice Employer Super and Commonwealth Essential Super Lifestage portfolios. He is responsible for undertaking research and providing advice in relation to manager selection and portfolio management for these portfolios.
Prior to joining the team, Chetan was an Investment Consultant at Willis Towers Watson in Sydney. In his previous role, he was part of a team responsible for providing investment consulting services, including advice on investment governance, asset allocation, portfolio construction and manager selection, to institutional clients.
Chetan holds a Bachelor of Applied Finance degree from Macquarie University and is a CFA charter holder.
Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the issuer of the FirstChoice range of super and pension products from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. CFSIL also issues interests in products made available under FirstChoice Investments and FirstChoice Wholesale Investments. This is based on the understanding of current regulatory requirements and laws as at the date of publication. While all care has been taken in the preparation of this document (using sources believed to be reliable and accurate), to the maximum extent permitted by law, no person including CFSIL, accepts responsibility for any loss suffered by any person arising from reliance on this information. This information for the adviser only and is not to be handed on to any investor. It does not take into account any person’s individual objectives, financial situation or needs. The Target Market Determinations (TMD) for our financial products can be found at www.cfs.com.au/tmd and include a description of who a financial product is appropriate for. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) before making any recommendations to a client. Clients should read the PDS and FSG before making an investment decision and consider talking to a financial adviser. The PDS and FSG can be obtained from www.cfs.com.au or by calling us on 13 18 36.
From time to time, CFSIL enters into alliance partnerships with dedicated and experienced investment specialists. Each alliance represents an agreement for CFSIL to provide third party distribution services within the Australian Financial Services intermediary market.