Asia: The strange case of CLSA
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.
CLSA's Richard Taylor and Frank Yu
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.