CFSGAM announces CEO departure

Mark Lazberger
MARK LAZBERGER
First Sentier Investors (Australia) Services Pty Limited - Chief Executive Officer
DEPARTURE
FIRST SENTIER INVESTORS (AUSTRALIA) SERVICES PTY LIMITED
Date: September 2018
Position: Chief Executive Officer

Colonial First State Global Asset Management (CFSGAM) has announced the departure of chief executive officer, Mark Lazberger, after 10 years in the role.

In a brief statement, CFSGAM said: "Under Mr Lazberger's leadership, the firm has developed a strong global presence with approximately 80% of its global revenues now being derived from its international client relationships."

Mark Steinberg, who is currently CFSGAM's chief operating officer, has been appointed as acting CEO while a search is underway for Lazberger's successor.