When did Citic buy CLSA?
July 31, 2013
On July 31, 2013, CITIC Securities acquired the remaining 80.1% of CLSA from Crédit Agricole and CLSA became wholly owned by Citic Securities.
What do you think Citic Securities do?
CITIC Securities is the largest securities company in China, with businesses covering investment banking, brokerage, securities trading and asset management.
Is CLSA an investment bank?
CLSA is an award-winning institutional brokerage and investment group. For over 30 years, we have built our reputation on providing global institutional investors and leading corporations unrivalled insights, superior execution and access to capital.
Who founded CLSA?
CLSA was founded in 1986 by Jim Walker and Gary Coull, two former journalists who focused on ‘the story’.
Is CLSA an Ibank?
As the international platform of CITIC Securities, China’s largest investment bank, CLSA is uniquely positioned to facilitate cross border capital flows and bridge China to the world and the world to China.
Is CLSA a good company?
CLSA is a great company. I have had great opportunities to learn and develop over the years. It also has reasonably good work-life balance. Flat management structure, which has allowed for me to be exposed to a wide range of challenges and people across the firm.
Is CLSA buy side or sell side?
CLSA acted as the sole buy-side financial adviser.
How many members does the CLSA have?
CLSA’s staff of some 2,000 individuals in 21 locations define our culture of excellence, innovation, integrity, inclusion and celebration.
Will CITIC Securities get all of CLSA?
Whether Citic Securities gets all of CLSA is of keen interest to market watchers. The deal, if done, would be the first time a Chinese brokerage firm acquired a foreign brokerage, and certainly plenty of challenges remain in blending the two cultures.
How did CLSA become so successful?
Australian Jim Walker and Canadian Gary Coull as well as other investors later sold majority control of what later became CLSA to Paris-based Credit Lyonnais in 1987. Fiercely independent, the executives built CLSA into a prize-winning equities research house that has won numerous Institutional Investor equities ranking awards in the past 20 years.
Will CITIC Securities become Asia’s largest investment bank?
Beijing-based Citic Securities Co., China’s largest brokerage firm by market capitalization, is taking the first step to become one of Asia’s largest regional investment banks.
Is CITIC Securities eyeing a global expansion?
Citic Securities, which is sitting on $1.7 billion raised in an initial public offering in Hong Kong in October, has been eyeing global expansion for quite some time. China’s largest broker has been in talks with Crédit Agricole — the largest retail bank in France — since 2010, when both announced a global strategic alliance.