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or ‘allfinanz’, the provision of a broad range of integrated solutions to its customers’ lifelong financial needs. These financial solutions were delivered through innovative methods of distribution that are most convenient and relevant to customers’ individual needs. The allfinanz approach was most
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In the 1980s, Jacques Martin was established to provide administration and consulting services to rapidly expanding corporate and industry-based retirement funds. In 1989, financial advisers became a feature of the business through the purchase of
Scottish Amicable’s interests in Australia. Colonial
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Ayudhya CMG Life was
Thailand’s third largest insurance company (by new business). A full product range – including family protection and retirement planning products, investments, employee benefits and health care – was offered to individual and corporate clients. The company has almost 7000 staff
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Colonial currently offers term life insurance, retirement savings, income protection, trauma and disability cover, funds management and administration. The New
Zealand insurance distribution network includes preferred agents, financial planners and brokers, in conjunction with Colonial’s franchised
603:
CMG was the fifth largest life insurance business in Hong Kong (by new business) and offers life insurance, retirement savings and credit card services to retail and corporate clients. The product range also includes personal accident, hospital and surgical expenses benefits; disability income; and
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In 1999, Colonial was awarded the first
Vietnamese licence for a life insurance joint venture between a local and international company. This followed the signing earlier that year of a joint venture agreement with the Ho Chi Minh City Insurance Company (Bao Minh). The joint venture, Bao Minh CMG,
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Colonial offered life insurance, health insurance, banking and investments in Fiji. It leads the Fiji life and health insurance markets, with around a 70 per cent share of the local life insurance market by premium income. It became active in banking in Fiji when it acquired a 51 per cent stake in
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was announced on 30 July 1999. The group was also active in investments in China. It has established a joint venture company – CMG Mahon
Investments – a direct equity fund to invest directly into businesses in less developed regions of China. It also manages and part owns CMG CH China Investments
584:
The company has operated representative offices in
Beijing since 1994 and in Shanghai since 1995. In April 1998, Colonial became the first Australian insurer to be invited by the Government of the People’s Republic of China to apply for a licence to set up a life insurance business in Shanghai. A
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Colonial’s international funds management business was represented in the UK market through
Colonial Stewart Ivory Investments. The international equities operations of Colonial First State Investments are centralised in the UK, taking advantage of its position as a key global financial centre.
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In 1994, banking became a major platform of the group’s business when
Colonial acquired the State Bank of New South Wales. Funds management was a key sector of Colonial’s operations since the company was established, and this business was further expanded when Colonial acquired First State Fund
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group medical insurance. Investments are also offered through the group’s international funds management business, CMG First State
Investments. CMG offers a comprehensive range of pension products, administration and investment services for the Hong Kong Mandatory Provident Fund.
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Colonial carved out a unique position for itself in the financial services sector. It was to achieve growth and balance risk across a diverse range of income streams, drawn from its wide but complementary range of business operations and its broad geographic exposure.
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The company entered Asia in 1990 under the brand ‘CMG’ and now has a presence in the region spanning eight markets. The group’s operations in Hong Kong, Singapore and the
Philippines are wholly owned. In other key markets CMH has forged joint ventures with
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In the Philippines, CMG employs more than 2800 staff and agents, offering corporate and individual clients life, personal accident and medical insurance. The head office was in Manila with a further 19 offices in major cities throughout the country.
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Colonial entered a joint venture with EON in 1995, establishing EON CMG Life. The company currently employs 1200 staff and agents and has offices in seven key locations across Malaysia including in
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highly developed in Australia, and it was progressively being exported to Colonial’s international operations in ways that reflect the local market conditions and opportunities.
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Colonial listed on the Australian and New Zealand stock exchanges in 1997, ending 124 years as a mutual company and beginning a new era as a publicly owned company.
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Managers (now Colonial First State Investments) as part of the agreement to buy the Bank. In 1997 Colonial’s stockbroking arm was established.
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In Singapore, CMG First State Investments offers a mix between retail and wholesale products and experienced staff and management.
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expanded its operations into Asia in 1990 and its presence in the region comprised almost 130 offices across eight markets.
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Limited, a fund that invests exclusively in equities listed on the Shanghai and Shenzhen stock exchanges.
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was based in Ho Chi Minh City and commenced selling life insurance policies in March 2000.
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Colonial was differentiated in the marketplace through its fundamental strategy known as
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Colonial was founded in Melbourne in 1873. The first President of the Society was Sir
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756:, Article adapted from information provided by Colonial Mutual at the time of merger.
693:"Colonial Mutual Life Assurance Society. Laying the Foundation Stone of New Premises"
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in Indonesia, and The Ho Chi Minh City Insurance Company (Bao Minh) in Vietnam.
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the National Bank of Fiji (now Colonial National Bank) in early 1999.
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In 2000, Colonial became part of the Commonwealth Bank Group.
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to establish a life insurance business in Shanghai.
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Colonial: An Australian International Success Story
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48:. Unsourced material may be challenged and removed.
1401:Financial services companies established in 1873
1284:Australian Competition & Consumer Commission
1279:Australian Securities and Investments Commission
585:joint venture with China’s largest life insurer
574:Colonial signed a joint venture contract with
311:Colonial Mutual Life Assurance Society Limited
141:Colonial Mutual Life Assurance Society Limited
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610:Colonial had been in a joint venture with PT
8:
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388:in 2000. The Colonial name lives on in the
1289:Australian Prudential Regulation Authority
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654:and agents in approximately 80 branches.
546:Learn how and when to remove this message
446:Learn how and when to remove this message
108:Learn how and when to remove this message
380:in 1997. In 1994, Colonial acquired the
1200:Industrial and Commercial Bank of China
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392:subsidiary of the Commonwealth Bank.
7:
567:family of companies in Thailand, PT
528:adding citations to reliable sources
428:adding citations to reliable sources
46:adding citations to reliable sources
341:. Colonial's core businesses were
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1406:Insurance companies of Australia
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733:B. Mees and C. Brigden (2017).
515:needs additional citations for
415:needs additional citations for
33:needs additional citations for
563:Berhad (EON) in Malaysia, the
462:. The first Chief Manager was
357:. The company operated in the
329:, was a diverse international
215:Commonwealth Bank of Australia
1:
1375:Financial system in Australia
382:State Bank of New South Wales
376:for most of its history, and
1313:Other Financial Institutions
737:. Sydney: Allen & Unwin.
576:China Life Insurance Company
1365:Category:Banks of Australia
1299:Australian Payments Network
1294:Australian Payments Council
970:Bendigo & Adelaide Bank
1422:
1380:List of banks in Australia
1354:Royal Commission 2017–2019
132:CML building, Christchurch
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810:Reserve Bank of Australia
369:for more than a century.
333:company headquartered in
125:
995:Australian Military Bank
561:Edaran Otomobil Nasional
317:, and commonly known as
1122:Regional Australia Bank
859:National Australia Bank
752:12 October 2008 at the
1065:Illawarra Credit Union
217:in 2000 that operates
1330:New Payments Platform
1020:Beyond Bank Australia
464:Thomas Jacques Martin
1370:Economy of Australia
1127:Teachers Mutual Bank
1030:Community First Bank
794:Banking in Australia
524:improve this article
424:improve this article
390:Colonial First State
323:Colonial Mutual Life
230:Colonial First State
219:Colonial First State
42:improve this article
1304:Four pillars policy
1080:Newcastle Permanent
1045:Great Southern Bank
722:. Melbourne: Focus.
697:The West Australian
612:Astra International
569:Astra International
496:Overseas activities
122:
1251:La Trobe Financial
953:Bank of Queensland
876:Citibank Australia
718:M. Hunter (1998).
622:Peninsula Malaysia
351:retirement savings
331:financial services
293:Retirement savings
150:Financial services
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847:Commonwealth Bank
827:Majors (Big Four)
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489:bancassurance
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460:Redmond Barry
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413:This section
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59: –
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54:
53:Find sources:
47:
43:
37:
36:
31:This article
29:
25:
20:
19:
16:
1261:Pepper Money
1190:CurrencyFair
1085:P&N Bank
1050:Greater Bank
1040:Defence Bank
987:Member-owned
963:Virgin Money
933:Auswide Bank
840:Suncorp Bank
802:Central bank
743:
734:
728:
719:
713:
701:. Retrieved
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594:Fiji Islands
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536:January 2019
533:
522:Please help
517:verification
514:
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436:January 2019
433:
422:Please help
417:verification
414:
378:demutualised
371:
367:Fiji Islands
326:
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314:
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297:Banking and
236:Headquarters
213:Acquired by
161:
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98:January 2019
95:
85:
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71:
64:
52:
40:Please help
35:verification
32:
15:
1107:Police Bank
1025:Cairns Bank
636:New Zealand
363:New Zealand
349:insurance,
257:Area served
1395:Categories
1271:Regulators
1205:ING Direct
1112:Qudos Bank
1010:Bank First
679:References
587:China Life
68:newspapers
1349:Inquiries
1175:Arab Bank
1145:Volt Bank
1117:RACQ Bank
1060:Hume Bank
943:Judo Bank
923:Alex Bank
918:Airwallex
645:Singapore
641:outlets.
608:Indonesia
601:Hong Kong
372:It was a
339:Australia
335:Melbourne
325:, and/or
250:Australia
241:Melbourne
226:Successor
162:allfinanz
1246:Latitude
1215:Rabobank
1170:ABN AMRO
852:Bankwest
750:Archived
651:Thailand
618:Malaysia
365:and the
313:, later
276:Services
245:Victoria
146:Industry
138:Formerly
1220:Revolut
1137:Defunct
1075:MyState
1015:BankVic
958:ME Bank
883:Westpac
672:Vietnam
630:Sarawak
396:History
347:general
262:Oceania
200: (
195:Defunct
184:Founder
174: (
169:Founded
82:scholar
1340:Zeller
1325:Cuscal
1241:Aussie
910:Retail
893:BankSA
869:86_400
84:
77:
70:
63:
55:
1210:Monzo
1150:Xinja
864:UBank
703:3 May
626:Sabah
582:China
156:Genre
89:JSTOR
75:books
1320:BPAY
705:2009
628:and
345:and
343:life
309:The
266:Asia
210:Fate
202:2000
198:2000
187:Sir
176:1873
172:1873
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