First Sentier appoints Deputy CEO

Yasmine Raso

Senior Journalist

7 March 2022

Global investment manager, First Sentier Investors (FSI) has announced the appointment of Yoshiki Ueno as the new Deputy Chief Executive Officer.

In his new Sydney-based role, Ueno will support CEO Mark Steinberg to implement the company’s strategy and act as a liaison to FSI’s shareholder Mitsubishi UFJ Trust and Banking Corporation (The Trust Bank).

The Deputy CEO role is appointed by The Trust Bank for a usual tenure of two to three years. Ueno replaced Yukata Kawakami, who will be returning to Tokyo to take on the role of Managing Executive Officer, Deputy Chief Executive, Asset Management & Investor Services Business Unit, Business Head, Asset Management Business at The Trust Bank.

Previously based in New York, Ueno was the Head of U.S. Governance for FSI since August 2019, working closely with Managing Director, Americas, Bachar Beaini to manage the reporting process with FSI’s U.S. parent companies, MUFG Americas and MUFG Fund Services (USA).

Steinberg welcome Ueno into his new role and thanked Kawakami for his commitment to the role over the past two and a half years.

“I look forward to working closely with Ueno-san in his new role. I would also like to thank Kawakami-san for his support,” he 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.”

Ueno also worked in a variety of roles at The Trust Bank over 20 years, including in corporate finance, strategy planning for asset management and investor services, and project management.