First State Investments (Singapore) (Singapore)

Name: First State Investments (Singapore)
Address: 38 Beach Road, Singapore, 189767
Telephone: 65 65380008

First State Investments (Singapore) is an adviser based in Singapore. It manages $26.22 billion of regulatory assets for 57 client accounts. It has been registered with the SEC as an adviser since 2002.

First State Investments (Singapore) provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First State Investments (Singapore): assets under management

The assets under management (AUM) of First State Investments (Singapore) is $26.22 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3147% since the beginning of its operation, and $25.17 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $26.22 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $459.93 million each.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in sovereign bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First State Investments (Singapore) for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients First State Investments (Singapore) serves?

The firm provides services to investment companies, pooled investment vehicles, and state or municipal government entities. The largest group of clients of First State Investments (Singapore) is pooled investment vehicles with 11 clients and $21.73 billion of assets under management. Among the 12 most similar advisory firms, First State Investments (Singapore) has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $25.37 billion for 20 clients. 89% of the firm’s clients are foreign persons or businesses.

First State Investments (Singapore) doesn't advise any private funds.

Careers at First State Investments (Singapore)

The company employs 52 people that are either part- or full-time employees. 31 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Carol Australia Holdings Pty Limited joined the executive team most recently as the Holding Company Of First State Investment Managers (Asia) Ltd.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Douglas Tremayne Waring	Chief executive officer,asia	1 Aug 1997	Other	4377717
First State Investments Holdings	Holding company of first state investments singapore	1 Apr 1999	75% - 100%	none
First State Investments Holdings (Singapore) Ltd	Holding company of first state investments (singapore)	1 Apr 1999	75% - 100%	foreign entity
Cmg First State Investments (Bermuda) Limited	Managing member	1 Apr 1999	75% - 100%	none
Cmg First State Investment Managers (Asia) Limited	Member/holding company of managing member	1 Apr 1999	75% - 100%	none
Peter Leith Polson	Managing director	1 Apr 1999	Other	4377377
First State Investments Holdings (Singapore) Limited	Managing member	1 Apr 1999	75% - 100%	none
Lindsay Robert Mann	Chief executive officer	1 Mar 2001	Other	4380375
Thomas Douglas Tremayne Waring	Chief executive officer, international	1 Sep 2003	Other	4377717
Grace Quek	Chief compliance officer	1 Dec 2004	Other	5043270
Paul Gerard Gately	Chief operating officer	1 Sep 2006	Other	3007352
Winnie Mei Kuen Lam	Head of operations asia	1 Apr 2007	Other	6109024
Michael David Stapleton	Regional managing director of asia pacific, director of fsis	1 Jul 2009	Other	5655637
Hui Lin Ng	Managing director south east asia and head of distribution asia	1 Apr 2010	Other	5757957
Eliza Pui Shan Hui	Senior legal counsel cfsgam asia and assistant bank secretary of cba	1 Jun 2010	Other	6109021
May Hui Mei Li	Chief compliance officer fsis	1 Sep 2010	Other	6402436
Adrianus Djayawinata	Head of finance asia, director of fsis	1 Jan 2011	Other	6109027
Christian Richard Spencer Turpin	Director of fsis	1 May 2011	Other	6109019
Todd Mathew Prado	Global head of equity dealing, dealing	1 Oct 2013	Other	4235079
Kate Lucinda Dowling	Head of finance, asia	1 Apr 2014	Other	6560133
Samantha Rick	Chief compliance officer fsis	1 Oct 2014	Other	2595462
Hanifa Ramjahn	Head of legal, asia	1 Jun 2015	Other	6560132
Yeong Fai Keow	Chief compliance officer fsis	1 Jul 2015	Other	5327504
Jose Firmino Quintal Fernandes	Regional managing director for first state investments in asia, global head of global investment solutions group	1 Feb 2016	Other	5079211
Eliza Pui Shan Hui	Acting head of legal, asia	1 Apr 2017	Other	6109021
Kian Poh Teo	Chief compliance officer fsis	1 May 2017	Other	6804690
Jose Firmino Quintal Fernandes	Director of fsi singapore, managing director, asia and head of global product group	1 May 2017	Other	5079211
Eliza Pui Shan Hui	Head of legal fsi, asia	1 Jan 2018	Other	6109021
Michael David Stapleton	Managing director, asia and director of fsis	1 May 2018	Other	5655637
Alistair James Thompson	Director of fsis	1 May 2018	Other	6959508
Lauren Prendiville	Director of fsis	1 Jun 2018	Other	6981651

Indirect Owners

The SEC currently registers 20 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
First State Investments (Bermuda) Limited	Holding company of first state investments holdings (singapore)	1 Apr 1999	75% - 100%	none
First State Investment Managers (Asia) Limited	Holding company of first state investments (bermuda) limited	1 Apr 1999	75% - 100%	none
First State Investments Holdings (Singapore)	Managing member	1 Apr 1999	75% - 100%	none
Colonial First State Group Limited	Holding company of first state investment managers (asia) limited	1 Apr 1999	75% - 100%	none
Commonwealth Insurance Holdings Limited	Holding company of colonial first state group limited	1 Apr 1999	75% - 100%	none
Colonial Holding Company Limited	Holding company of commonwealth insurance holdings limited	1 Apr 1999	75% - 100%	none
Commonwealth Bank Of Australia	Ultimate holding company	1 Apr 1999	75% - 100%	none
Fsib Limited	Holding company of first state investments holdings (singapore)	1 Apr 1999	75% - 100%	none
Fsib Ltd	Holding company of first state investments holdings (singapore) ltd	1 Apr 1999	75% - 100%	foreign entity
Colonial First State Group Ltd	Holding company of cmg first state investment managers (asia) limited	1 Apr 1999	75% - 100%	none
Colonial Holding Company (No.2) Pty Limited	Holding company of colonial first state investments group ltd	1 Apr 1999	75% - 100%	none
Colonial Holding Company Pty Limited	Holding company of colonial holding company (no.2) pty limited	1 Apr 1999	75% - 100%	none
Colonial Limited	Holding company of colonial holding company pty limited	1 Apr 1999	75% - 100%	none
First State Investments (Asia) Limited	Holding company of first state investments (bermuda) limited	1 Apr 1999	75% - 100%	none
Colonial First State Group Limited (Australia)	Holding company of first state investment managers (asia) limited	1 Apr 1999	75% - 100%	none
Commonwealth Bank Of Australia	Ultimate holding company	1 Jun 2000	75% - 100%	none
The Colonial Mutual Life Assurance Society Limited	Holding company of colonial first state group limited	1 Jun 2000	75% - 100%	none
Carol Australia Holdings Pty Limited	Holding company of first state investment managers (asia) ltd	1 Aug 2019	75% - 100%	foreign entity
Mitsubishi Ufj Trust And Banking Corporation	Holding company of carol australia holdings pty limited	1 Aug 2019	75% - 100%	foreign entity
Inc. Mitsubishi Ufj Financial Group	Holding company of mitsubishi ufj trust and banking corporation	1 Aug 2019	75% - 100%	foreign entity

Based in Singapore

The principal office where First State Investments (Singapore) performs its advisory services is located at 38 Beach Road, Singapore, 189767, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 65 65380008 or by fax 65 65380800. The normal business hours are 9am - 6pm on Monday - Friday. You can find more information about the New York firm at firststateinvestments.com.