First Sentier Investors has appointed two financial services veterans to its board as independent non-executive directors.
Following its sale last year to Mitsubishi UFJ Trust and Banking Corporation – a wholly owned subsidiary of Mitsubishi UFJ Financial Group – First Sentier Investors announced its intention to operate as a standalone investment manager governed by a board of directors.
Michelle Tredenick and Richard Wastcoat have now been appointed as independent non-executive directors, effective immediately.
“I am pleased to welcome Michelle and Richard to the board as non-executive directors of First Sentier Investors Holdings,” said chairman Sunao Yokokawa. “As a standalone business, they will play an important role in ensuring we align with best practice corporate governance.”
Ms Tredenick has held senior roles at NAB, MLC, and Suncorp, and currently holds board roles at Insurance Australia Group, Bank of Queensland, and Cricket Australia. She has twice been awarded Banking and Finance CIO of the year and is a fellow of the Institute of Company Directors.
“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,” Mr Yokokawa said. “She also runs her own corporate advisory business advising boards and CEOs on strategy and technology.”
Mr Wastcoat joined First State Investments as its first non-executive director in 2011 and previously spent 25 years at Fidelity, including time as chief executive of its UK mutual fund business. He also held several concurrent roles, involving overseeing Fidelity’s businesses in Spain, the Nordic Region, the Middle East and Africa, and India, in the same period.
“In addition, Richard brings broad risk management and financial services experience, as well as extensive asset management experience,” Mr Yokokawa said. “Both appointments deepen the board’s existing skills and expertise.”
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