She joins recently appointed non-executive directors Michelle Tredenick and Richard Wastcoat, bringing the total number of independent directors at the firm to three.
First Sentier Investors (currently known as First State Investments outside of Australia) has appointed Hong Kong-based asset management industry veteran Susie Rippingall as a non-executive director, the firm announced in a statement on Thursday.
Rippingall brings extensive experience as both a portfolio manager and independent director. During her career, she occupied the position of portfolio manager at The Scottish Oriental Smaller Cos. Trust, senior portfolio manager at First State Investments (Hong Kong), and Portfolio Manager at First State Investment Management (U.K.).
«We know she will add significant value to the board with her strong understanding of corporate governance best practice and unique insight into the Asian investment management sector, which is a core strategic market for us,» First Sentier Investors chairman Sunao Yokokawa said about the appointment.
Global Rebrand
First State manages over $145 billion in client assets, as of end-June 2020. Earlier this week, the firm announced it will operate globally under the new brand, First Sentier Investors, from September 2020.
The name change comes as part of a global re-brand, following the acquisition of First State Investments in August 2019 by Mitsubishi UFJ Trust and Banking Corporation (MUTB), a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), from Commonwealth Bank of Australia (CBA).
