CBA announces that it will be pursuing an Initial Public Offering (IPO) of our business on the Australian Securities Exchange by the end of calendar year 2018 - subject to market conditions and necessary approvals.

Tuesday, 17 April 2018 (Sydney): Commonwealth Bank of Australia has concluded the strategic review of its global investment management business, Colonial First State Global Asset Management ("CFSGAM"). The review, announced in September 2017, considered a range of options. In making our assessment, we examined long-term Commonwealth Bank shareholder value and also considered the ability of CFSGAM to serve the interests of its clients, attract and retain key personnel and better grow its business.

Read the full media release here