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8 July 2025

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First Sentier Investors

  •   1 June 2020
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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.

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