# First Sentier Investors (Singapore)

First Sentier Investors (Singapore) is an Asset Manager based in Singapore, Singapore.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** Singapore, Singapore
- **Founded:** 1988
- **Assets under management:** $138B (per the firm, 2024)
- **Website:** firstsentier.com
- **LinkedIn:** https://www.linkedin.com/company/first-sentier-group

## Regulatory record

- **CRD number:** 165124
- **SEC file number:** 801-77069
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/165124

## About

First Sentier Group is a global asset management organisation that brings together affiliate investment teams to deliver meaningful investment outcomes for our clients. We are home to distinct affiliate investment teams including AlbaCore Capital Group, First Sentier Investors, FSSA Investment Managers, Igneo Infrastructure Partners, RQI Investors, and Stewart Investors. All investment teams operate with discrete investment autonomy, according to their investment philosophies and based on responsible investment principles. As a Group, we pride ourselves on our client-centric approach, ensuring we are all working towards achieving our clients' goals and enhancing their possibilities for the future, while continually striving for better. We are owned by Mitsubishi UFJ Trust and Banking Corporation, (a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc) and operate as a standalone global investment management business with offices across Europe, the Americas, and Asia Pacific. We are a globally Certified B Corporation and signatory to the UK Stewardship Code. *RQI Investors' branded strategies, investment products and services are not available in Germany.

## Sectors

- Public Equities
- Fixed Income
- Infrastructure
- Private Equity
- Real Estate
- Multi-Asset

## Offices

- Sydney
- Melbourne
- London
- New York
- Hong Kong
- Tokyo
- Taipei
- Kuala Lumpur
- Dublin
- Amsterdam
- Frankfurt

## People

- Mark Steinberg — Chief Executive Officer
- Allan O'Connor — Chief Investment Officer

## Questions

### Who runs investment decisions at First Sentier Investors?

Each boutique within First Sentier (Stewart Investors, RQI Investors, FSSA Investment Managers) operates with its own CIO and investment committee, maintaining independent discretion over research and portfolio construction. At the firm level, CEO Mark Steinberg oversees strategy, while Allan O'Connor serves as global CIO, coordinating across the boutiques without overriding their autonomy (per First Sentier official communications, 2022).

### Is First Sentier structured as a single entity or as separate boutiques?

First Sentier operates as a federation of autonomous investment boutiques, each with its own brand, philosophy, and team. The parent provides centralised distribution, risk management, and balance-sheet backing from Mitsubishi UFJ Financial Group (MUFG). This model allows Stewart Investors to run a high-conviction, quality-growth equity strategy while RQI pursues a systematic value approach — both under the same corporate umbrella. (per First Sentier official communications)

### Does First Sentier invest in alternatives or only public markets?

Yes — in addition to its core public-equities and fixed-income capabilities, First Sentier runs an infrastructure platform (equity and debt) and a real estate team. The infrastructure business invests directly in assets such as regulated utilities, transport, and energy transition projects, primarily in OECD markets. Private-equity and hedge-fund offerings are not part of the firm's stated product suite. (per First Sentier website)

### What is the relationship between First Sentier and Mitsubishi UFJ Financial Group?

MUFG acquired First Sentier in 2019 from the Commonwealth Bank of Australia, paying approximately A$4.1B. MUFG is the parent company, listed on the Tokyo Stock Exchange and one of the world's largest banks by assets. First Sentier operates as a wholly owned subsidiary, retaining its own branding and management, while MUFG provides capital and international distribution. (per MUFG press release, 2019)

### How does First Sentier source proprietary deal flow in private assets?

For its infrastructure and real estate activities, First Sentier leverages relationships with industrial partners, sponsor-of-takeovers in listed utilities, and direct origination via its on-the-ground teams in Sydney, London, and New York. The firm does not rely on fund-of-funds or intermediary structures for direct investing. Specific deal sourcing details are not public, but the MUFG relationship provides access to Japanese corporate networks. (inferred from infrastructure investment patterns)

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- [Bogan Associates](https://altss.com/profile/bogan-associates-llc)
- [Insight Financial Strategists](https://altss.com/profile/insight-financial-strategists)

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Last updated: 2026-06-03T20:00:00.000Z

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