First State looks to acquire asset managers in Asia

Colonial First State Global Asset Management is on the lookout for asset management acquisitions in Asian markets such as Taiwan and Korea, says its new CEO, Mark Lazberger. Lazberger, who previously ran State Street Global Advisors' international business (ex-North America), joined the firm in March, moving from London to Sydney. He touched off a restructuring that now sees Asia report directly to him. An acquisition would be valuable if it provided distribution to markets where th…