Colonial Mutual
The Colonial Mutual Life Assurance Society Limited, later Colonial Limited, and commonly known as Colonial Mutual, Colonial Mutual Life, and/or CML, was a diverse international financial services company headquartered in Melbourne, Australia. Colonial's core businesses were life and general insurance, retirement savings, banking and funds management. The company operated in the United Kingdom, New Zealand and the Fiji Islands for more than a century.
CML building, Christchurch | |
| Formerly | Colonial Mutual Life Assurance Society Limited |
|---|---|
| Industry | Financial services |
| Genre | Bancassurance or allfinanz |
| Founded | 1873 |
| Founder | Sir Redmond Barry |
| Fate | Acquired by Commonwealth Bank of Australia in 2000 that operates Colonial First State as a subsidiary. |
| Headquarters | Melbourne, Victoria , Australia |
Area served | Oceania; Asia; United Kingdom |
| Services |
|
It was a mutual society for most of its history, and demutualised in 1997. In 1994, Colonial acquired the State Bank of New South Wales, including the bank's First State investment management business. Colonial was acquired by Commonwealth Bank in 2000. The Colonial name lives on in the Colonial First State subsidiary of the Commonwealth Bank.