First State Investments is a global asset management business with experience across a range of asset classes and specialist investment sectors. First State Investments is owned by the Commonwealth Bank of Australia manage £127.5bn of assets on behalf of clients worldwide (as of December 2017). In Australia First State operates as Colonial First State Global Asset Management. On 1 July 2015 the team split to form two new teams; one primarily based in Edinburgh (Stewart Investors) and the other in Hong Kong (First State Stewart Asia).
Stewart Investors is a team of investment professionals who manage funds on behalf of clients in Asia Pacific, Emerging Markets and worldwide. Primarily based in Edinburgh, they have a distinct culture and investment philosophy that is unchanged in more than two decades, since the launch of the first fund in 1988.