Mitsubishi UFJ Trust and Banking Corporation (Trust Bank), a consolidated subsidiary of MUFG, today announced the completion of its acquisition of shares of nine subsidiaries of Colonial First State Group Limited, which collectively, including their subsidiaries, represent the global asset management business of Colonial First State Global Asset Management (CFSGAM), from Australian financial group Commonwealth Bank of Australia and its wholly-owned subsidiary Colonial First State Group Limited. 

CFSGAM is engaged in global investment management business supported by more than 800 professionals handling asset classes including equities, bonds, alternatives and multi-asset funds. It has a diverse client base that extends across Oceania, Asia, Europe, and North America.

MUFG will continue to provide comprehensive solutions with a high degree of professionalism, in an effort to meet customer expectations by maximizing synergies among CFSGAM, MUFG Asset Management, and other MUFG businesses.