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First Sentier Investors appoints new Deputy CEO

Thursday, 3 March 2022: Leading global investment manager, First Sentier Investors (FSI), today announced the appointment of Yoshiki Ueno to the role of Deputy Chief Executive Officer.

New York-based Ueno has been with FSI since August 2019 as Head of US Governance. In his role, he worked closely with Managing Director, Americas, Bachar Beaini, as he managed the US consultation and reporting process with FSI’s US parent companies - MUFG Americas and MUFG Fund Services (USA).

Prior to his time at FSI, Ueno spent over 20 years at FSI’s shareholder Mitsubishi UFJ Trust and Banking Corporation (The Trust Bank) in a variety of roles including corporate finance, strategy planning for asset management and investor services business, and project management office of integration projects. 

In his new role, Ueno will relocate to Sydney to support the CEO Mark Steinberg in the implementation of the firm’s strategy and as a liaison to The Trust Bank.

The Deputy CEO role is appointed by The Trust Bank with a typical tenure of two to three years. Ueno replaces Yutaka Kawakami, who will be returning to Tokyo to assume a new role of Managing Executive Officer, Deputy Chief Executive, Asset Management & Investor Services Business Unit, Business Head, Asset Management Business at The Trust Bank. In his new role, Kawakami will remain engaged with FSI, and will retain his position on the FSI Holdings Board.

First Sentier Investors Chief Executive Officer Mark Steinberg welcomed Ueno to the role of Deputy CEO and thanked Kawakami for his dedication and commitment over the past two and a half years. 

“I look forward to working closely with Ueno-san in his new role. I would also like to thank Kawakami-san for his support. He joined at a pivotal time in our transition and his oversight of the project management office and its wide variety of critical transition projects, coupled with his insights into The Trust Bank and guidance on collaboration have ensured our success in creating a strong, independent asset management business and an enduring, transparent relationship with our shareholder,” he said.

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About First Sentier Investors

First Sentier Investors manages US$182.5 billion in assets (as at 31 December 2021) on behalf of institutional investors, pension funds, wholesale distributors, investment platforms, financial advisers and their clients worldwide.

The firm operates as a standalone global investment management business with offices across Europe, the Americas, and Asia Pacific. First Sentier Investors’ expertise spans a range of asset classes and specialist investment sectors focused on delivering sustainable investment success based on responsible investment principles.

Formerly known as First State Investments, the firm was acquired by Mitsubishi UFJ Trust and Banking Corporation, a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc in August 2019.

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About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,500 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

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About Mitsubishi UFJ Trust and Banking Corporation

Mitsubishi UFJ Trust and Banking Corporation, as a core member of MUFG, provides its customers with a wide range of comprehensive financial solutions leveraging unique and highly professional functions as a leading trust bank. Such financial solutions include real estate, stock transfer agency, asset management and investor services, and inheritance related services, in addition to banking operations. It aims to realize its vision to be the trust bank that creates "a safe and affluent society" by always supporting its customers' and society's challenges based on Trust, and thus created a new key concept: "Create a Better Tomorrow".

Important information

This press release is intended for information only, aimed solely at the media and should not be further distributed to individual and/or corporate investors, and financial advisers and/or distributors. The information included within this document and any supplemental documentation provided should not be copied, reproduced or redistributed without the prior written consent of First Sentier Investors. In Hong Kong, this document is issued by First Sentier Investors (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission in Hong Kong. In Singapore, this document is issued by First Sentier Investors (Singapore) whose company registration number is 196900420D. This document has not been reviewed by the Monetary Authority of Singapore.  First Sentier Investors is a business name of First Sentier Investors (Hong Kong) Limited. First Sentier Investors (registration number 53236800B) is a business division of First Sentier Investors (Singapore).