Inside the Securities Houses that Power Hong Kong
1 November, 2018
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1 November, 2018Euromoney, November 2018
This is part of an article on securities houses in Hong Kong – see here
Few firms have seen change quite like CLSA. It is now owned by Citic Securities and incorporates the Hong Kong (and international) arm of the mainland business. As such, it is Citic Securities’ international bridgehead to the world.
Two men, Frank Yu and Richard Taylor, co-head the investment banking side, with quite different, and hopefully complementary, backgrounds.
Yu comes from the mainland side. He worked for Citic Securities for 15 years and rose through the ranks, moving to Hong Kong with Citic Securities International in 2009, handling that business’s own H-share listing and the CLSA merger, after which he joined CLSA itself.
Whereas Guotai Junan Securities presents its mainland and Mandarin-speaking staff as a plus, Yu is keen to emphasize the reverse at CLSA.
“Compared to other Chinese banks, the most important thing is we are the most internationalized,” he says. “All our systems, trading and sales are of international standards.”
Read the full article: https://www.euromoney.com/article/b1bn5glfqq5kpv/asia-the-strange-case-of-clsa?copyrightInfo=true
