First Sentier appoints deputy CEO

First Sentier Investors named a new deputy chief executive who will relocate to Sydney to take up the new post.

Yoshiki Ueno will support First Sentier chief executive Mark Steinberg in carrying out the firm's strategy.

Currently, Ueno is the fund manager's head of US governance, a role he's held since mid-2019.

During that time, he worked closely with the managing director for the Americas, Bachar Beaini overseeing the US consultation and reporting process with FSI's US parent companies - MUFG Americas and MUFG Fund Services (USA).

Ueno has spent more than 20 years at Mitsubishi UFJ Trust and Banking Corporation, which is a wholly-owned unit of Mitsubishi UFJ Financial Group.

He worked in corporate finance, strategy planning for asset management and investor services, and project management roles.

Ueno replaces incumbent Yutaka Kawakami, who returns to Tokyo to take up a new executive role at the Trust Bank covering asset management and investor services.

Incidentally, the deputy chief executive role is appointed by The Trust Bank with a typical tenure of two to three years.

Ueno replaces Yutaka Kawakami, who will return to Tokyo to take up a new executive role.

Commenting on Ueno's appointment, Steinberg said: "He joined at a pivotal time in our transition, and his oversight of the project management office and its wide variety of critical transition projects, coupled with his insights into The Trust Bank and guidance on  collaboration, have ensured our success in creating a strong, independent asset management business and an enduring, transparent relationship with our shareholder."

Last November, First Sentier appointed a new London-based global head of investment management David Allen who recently relocated to Australia.

Other recent appointments include Lauren Prendiville who was appointed managing director and head of distribution, Asia late last year.

Prendiville is based in Singapore.

Meanwhile, Harry Moore, First Sentier's global head of distribution, has moved from Sydney to London.