Connect with us

Hi, what are you looking for?


New Citic CLSA investment banking platform

Chinese brokerage Citic Securities has launched an investment banking platform, combining its bankers with those from CLSA, the Asian firm it acquired two years ago. The new venture, Citic CLSA Securities, has already set up offices in London and Sydney. Citic CLSA integrates investment banking operations at both firms and has more than 100 people on staff across 10 cities globally. The two firms said the new platform is intended to capitalize on increasing outbound Chinese investment and foreign investors seeking access to China. Last year, Citic Securities moved its equities underwriting business outside China into CLSA, but the Citic CLSA outfit will hold all investment-banking operations outside China at the two firms. Citic Securities’ acquisition of Asia-focused CLSA was one of the biggest overseas purchases by a Chinese securities firm.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.