Mitsubishi UFJ acquired Colonial First State Global Asset Management from Commonwealth Bank of Australia for A$4.13bn.

Mitsubishi UFJ, a Japanese bank holding and financial services company, acquired Colonial First State Global Asset Management, the investment management branch of the Commonwealth Bank of Australia, of Australia for A$4.13bn. Through this transaction, Mitsubishi expects to be able to meet various client needs by expanding its product lineup and enhancing its presence as the largest asset management firm in the Asia/Oceania region. MUFG aims to work together with CFSGAM to continue delivering value to our current and future clients.