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Australia’s second-largest fund manager First Sentier hunts for deals in UK and Europe

First Sentier CEO Mark Steinberg: 'We’re not in the trillion-dollar club, but we are big enough'

First Sentier is eyeing new asset classes as well as geographical expansion
First Sentier is eyeing new asset classes as well as geographical expansion

First Sentier, Australia’s second-largest asset manager behind Macquarie, is on the hunt for acquisitions in the UK and Europe as part of a plan to build its footprint outside its home market.

The $150bn firm, which was bought by Japan’s Mitsubishi UFJ Trust and Banking Corporation in 2019, has to date focused on growing its business via new hires or product launches.

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