Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Register

7 July 2025

Home / Noticeboard 2020

First Sentier Investors

  •   1 June 2020
  •      
  •   

First Sentier Investors appoints two Independent Directors to its Board

Media Release, 1 June 2020: Monday, 1 June 2020: The Board of First Sentier Investors today announced the appointment of two independent non-executive directors, Michelle Tredenick and Richard Wastcoat.

Following the sale of its business in August last year to Mitsubishi UFJ Trust and Banking Corporation, a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, First Sentier Investors announced it will operate as a standalone investment manager governed by a Board of Directors. It also stated an intention to appoint independent non-executive directors within 12 months.

First Sentier Investors Chairman, Sunao Yokokawa, said: “I am pleased to welcome Michelle and Richard to the Board as Non-Executive Directors of First Sentier Investors Holdings. As a standalone business, they will play an important role in ensuring we align with best practice corporate governance.

“Michelle has extensive experience in businesses operating in a broad range of industries, including banking, insurance, wealth management, education services, health insurance, superannuation and technology. She also runs her own corporate advisory business advising boards and CEOs on strategy and technology.

“In addition, Richard brings broad risk management and financial services experience, as well as extensive asset management experience. Both appointments deepen the Board’s existing skills and expertise.”

Ms Tredenick has held senior roles at National Australia Bank, MLC and Suncorp and currently serves on several listed and private company boards, including Insurance Australia Group Limited and Bank of Queensland Limited, Cricket Australia and Urbis Pty Ltd, Ethics Centre and the Senate of the University of Queensland.

Tredenick has twice been awarded Banking and Finance CIO of the year and is a Fellow of the Institute of Company Directors.

Mr Wastcoat is London based with over 25 years’ Executive experience in US, Europe and Asia and a track record of leading a large, complex business as well as managing developing businesses in emerging markets.

In addition, he has over 10 years’ experience as an independent non-executive and board member for International asset management, banking and wealth management, educational services and fin tech companies. His experience includes chairing of International Committee and membership of risk, audit and remuneration committees. Wastcoat joined First State Investments as its first non-executive director in 2011 as an experienced and prominent figure in the UK fund management industry. He previously spent 25 years at Fidelity and worked as chief executive of its UK mutual fund business, and subsequently FundsNetwork, from 1999 until his retirement from the company in 2008.

He also held several concurrent roles, which involved overseeing Fidelity’s businesses in Spain, the Nordic Region, the Middle East and Africa, and India during this period. The appointments are effective immediately.

Read more...

 

Firstlinks is sponsored by:
banner

Most viewed in recent weeks

The case for the $3 million super tax

The Government's proposed tax has copped a lot of flack though I think it's a reasonable approach to improve the long-term sustainability of superannuation and the retirement income system. Here’s why.

7 examples of how the new super tax will be calculated

You've no doubt heard about Division 296. These case studies show what people at various levels above the $3 million threshold might need to pay the ATO, with examples ranging from under $500 to more than $35,000.

The revolt against Baby Boomer wealth

The $3m super tax could be put down to the Government needing money and the wealthy being easy targets. It’s deeper than that though and this looks at the factors behind the policy and why more taxes on the wealthy are coming.

Meg on SMSFs: Withdrawing assets ahead of the $3m super tax

The super tax has caused an almighty scuffle, but for SMSFs impacted by the proposed tax, a big question remains: what should they do now? Here are ideas for those wanting to withdraw money from their SMSF.

The super tax and the defined benefits scandal

Australia's superannuation inequities date back to poor decisions made by Parliament two decades ago. If super for the wealthy needs resetting, so too does the defined benefits schemes for our public servants.

Are franking credits hurting Australia’s economy?

Business investment and per capita GDP have languished over the past decade and the Labor Government is conducting inquiries to find out why. Franking credits should be part of the debate about our stalling economy.

Latest Updates

Superannuation

Here's what should replace the $3 million super tax

With Div. 296 looming, is there a smarter way to tax superannuation? This proposes a fairer, income-linked alternative that respects compounding, ensures predictability, and avoids taxing unrealised capital gains. 

Superannuation

Less than 1% of wealthy families will struggle to pay super tax: study

An ANU study has found that families with at least one super balance over $3 million have average wealth exceeding $19 million - suggesting most are well placed to absorb taxes on unrealised capital gains.   

Superannuation

Are SMSFs getting too much of a free ride?

SMSFs have managed to match, or even outperform, larger super funds despite adopting more conservative investment strategies. This looks at how they've done it - and the potential policy implications.  

Property

A developer's take on Australia's housing issues

Stockland’s development chief discusses supply constraints, government initiatives and the impact of Japanese-owned homebuilders on the industry. He also talks of green shoots in a troubled property market.

Economy

Lessons from 100 years of growing US debt

As the US debt ceiling looms, the usual warnings about a potential crash in bond and equity markets have started to appear. Investors can take confidence from history but should keep an eye on two main indicators.

Investment strategies

Investors might be paying too much for familiarity

US mega-cap tech stocks have dominated recent returns - but is familiarity distorting judgement? Like the Monty Hall problem, investing success often comes from switching when it feels hardest to do so.

Latest from Morningstar

A winning investment strategy sitting right under your nose

How does a strategy built around systematically buying-and-holding a basket of the market's biggest losers perform? It turns out pretty well, so why don't more investors do it?

Sponsors

Alliances

Site Map

About Firstlinks

© 2025 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.