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First State Investments bolsters its global leadership
teamMedia Release
12 November 2019

Leading global investment manager, First State Investments, today announced four globalleadership appointments.

Each of the roles play an important part in strengthening First State Investments global operations
following its acquisition by Mitsubishi UFJ Trust and Banking Corporation, a wholly-owned subsidiaryof Mitsubishi UFJ Financial Group, Inc. in August this year.
Rob Scott has been appointed Chief Operating Officer (COO). Mr Scott has global
responsibility for Operations, IT and Data and he will sit on the executive leadership team. Hebrings more than 25 years’ experience in global business operations and IT. Prior to this role,
he was Head of Global Operations at Nikko Asset Management in Tokyo. He has also heldroles at Deutsche Asset Management, BNP Paribas Securities Services, and ABN AMRO
Asset Management across the Asia region.

Justin Hourigan has been appointed Global Head of Data. Reporting in to COO, Rob
Scott, Mr Hourigan has joined the firm from Cover-More where he was General Manager,Data, Analytics & Innovation. Prior to that, he worked with Commonwealth Bank of Australia
as a Data Analytics Manager. Mr Hourigan brings a depth of experience in successfully
leading and implementing data management capabilities, and underpinning businessdecisions with data-driven business intelligence and analytics.

Lorraine Dryland has been appointed Chief Information Security Officer. Reporting in to
Global Head of IT, Kerry McCormack, Ms Dryland is responsible for Information and Cyber
Security and will focus on implementing a security strategy and framework to uplift thebusiness’ capabilities in this area. With more than 20 years of experience protecting UK
Critical National Infrastructure in the public and private sector, she joins the firm from theDepartment for Work and Pensions and has previously worked for Vodafone, Bank ofEngland and the UK’s National Crime Agency.

Ben Marks has been appointed Chief Audit Officer. Mr Marks reports to the Board. He is a
Chartered Accountant and Certified Information Systems Auditor with over 30 years’ audit

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experience in the financial services industry. He has previously held senior roles at Westpac
Banking Corporation, Merrill Lynch (Australia) Limited, Bankers Trust Australia Limited andKPMG. He is also a Director and Treasurer of the Australian Association of Lloyd’s Members(AALM).
First State Investments Chief Executive Officer Mark Steinberg said the appointments signal thebusiness is establishing stronger foundations to support growth globally.
“It is really exciting to welcome such a strong calibre of talent to the business. Each of these
appointments will play an integral role in supporting the continued development of our global asset
management business,” Mr Steinberg said.

In Australia, First State operates as First Sentier Investors, having rebranded from Colonial First StateGlobal Asset Management on 16 September 2019. First State Investments will rebrand to First
Sentier Investors in the other markets in which it operates during 2020 in line with the Australianbusiness.

ENDS

For further information please contact:

NameTelephoneEmail

FTI Consulting(UK PR representative of First State
Investments)+44 (0) 20 3727 1376 firststateinvestmentsLondon@fticonsulting.com

Sarah Mahomed Ross
Communications Manager
First State Investments+44 (0) 20 7332 6844 Sarah.MahomedRoss@firststate.co.uk
corpcomms@firststate.co.uk

Melissa Jobson
Communications Manager
First State Investments+44 (0) 20 7332 2553 Melissa.Jobson@firststate.co.uk

About First State Investments:
First State Investments is a global asset management business with experience across a range of asset
classes and specialist investment sectors. In Australia First State now operates as First Sentier
Investors. First State Investments offers a range of investment solutions to institutional and retailinvestors globally, including equities, debt, multi-asset and unlisted infrastructure.

Important Information
In the UK, issued by First State Investments (UK) Limited, which is authorised and regulated by theFinancial Conduct Authority (registration number 143359). Registered office Finsbury Circus House, 15
Finsbury Circus, London, EC2M 7EB number 2294743. Outside the UK, issued by First State
Investments International Limited which is authorised and regulated in the UK by the Financial Conduct
Authority (registered number 122512). Registered office: 23 St. Andrew Square, Edinburgh, EH2 1BB
number SCO79063.
First State Investments entities referred to in this document are part of First Sentier Investors a memberof MUFG, a global financial group. First Sentier Investors includes a number of entities in different

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jurisdictions, operating in Australia as First Sentier Investors and as First State Investments elsewhere.
MUFG and its subsidiaries do not guarantee the performance of any investment or entity referred to inthis document or the repayment of capital. Any investments referred to are not deposits or otherliabilities of MUFG or its subsidiaries, and are subject to investment risk including loss of income andcapital invested.
The First State Investments logo is a trademark of the Commonwealth Bank of Australia or an affiliate
thereof and is used by FSI under licence.
Copyright © (2019) First Sentier Investors
All rights reserved.