Asia: Patience pays off as Citic/CLSA makes its mark

Few thought that the marriage of a Chinese securities firm with an Asian brokerage which had a unique, and at times disruptive, culture could work. But two years on, Citic and CLSA have proved they can be at least the sum of their parts. Can the combination now become a true regional powerhouse as its leaders hope?

Arnold Schwarzenegger

To make the short walk between the headquarters of Hong Kong brokerage, CLSA, and its Chinese owner, Citic Securities International, you have to traverse two of the city’s busiest roads. This far from picturesque stroll through the middle of a concrete jungle is not likely to be recommended in many guidebooks. But while the often-gridlocked traffic of both Queensway and Connaught Road Central throws up a physical barrier between the two firms, it has failed to create a commercial one.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access