Who is CLSA?

A collective of curious individuals who together, seek out and curate investible, tradable ideas for our clients.

30 Years of Insights

CLSA’s clients know us for being out of the box thinkers who provide unrivalled insights on the issues and trends impacting investment decisions.

CLSA was founded in 1986 by Jim Walker and Gary Coull, two former journalists who focused on ‘the story’. Our journalistic heritage has never left us and for thirty years we have told the story of Asia.

True pioneers in the development of the Asian securities industry, over 20 years they built what is today Asia’s leading brokerage and investment group. Both Jim and Gary passed away too young.

Jim Walker (1949 – 2004)

Gary Coull (1954 – 2006)

Timeline

1986

CLSA founded in Hong Kong by two former journalists, Gary Coull and Jim Walker.

1987

CLSA takes a ‘Peep across the border’ in the 10-year countdown to Hong Kong’s handover to China.

1989

CLSA opens offices in London, New York and Tokyo.

1990

CLSA launches The Vanishing Border, a video forecasting the impact of China on Hong Kong.

1992

CLSA produces the first Feng Shui Index. Now our most highly anticipated annual report.

1994

CLSA hosts the first Investors’ Forum in Hong Kong.

1995

CLSA’s private equity business CLSA Capital Partners is born.

1996

CLSA hosts its first China Forum in Beijing and the first India Forum in Goa.

1997

CLSA’s ponders Hong Kong’s joint declaration and basic law in the same year as the Asian financial crisis.

1999

CLSA partners with Bloomberg to launch G-Trade wholesale executions services business.

2000

CLSA releases its first Corporate Governance report.

2002

CLSA global strategist Christopher Wood publishes his first Greed and Fear.

2003

CLSA creates Fortune CLSA Securities, the first sino-foreign JV in China following China’s entry into the WTO (A-share broking license granted in 2008).

2004

CLSA hosts first Japan Forum in Tokyo.

2005

CLSA is one of only five foreign brokerages granted full-equity brokerage license in Malaysia.

2007

CLSA’s inaugural Chairman’s Trust dealing day raises US$5 million. One of the first CT benefactors is Room to Read.

2009

The first CLSA Australia office opens in Sydney and hires Brian Johnson, Australia’s top-ranked banks analyst.

2009

CLSA initiates coverage of US-listed equities and hires Mike Mayo, one of the top-ranked US banks analysts.

2011

CLSA launches PRADA S.P.A the first Italian company listed on the Hong Kong Stock Exchange.

2013

CITIC Securities acquires CLSA following an initial 19.9% investment in 2011. Read the article in Institutional Investor

2014

First joint CLSA / CITICS research report is published in preparation for the HK-Shanghai Stock Connect.

2015

CITIC Securities International and CLSA merge their corporate finance and capital markets teams.

2015

CLSA launches first two ETFs: Chimerica and GARY with HK’s Enhanced Investment Products.

2016

CLSA celebrates 30 years of broking and investing.

Awards

CLSA has received numerous industry awards for its independent and insightful research, high quality equity brokerage and corporate finance & capital markets services.

 

2016

Asiamoney Best Domestic Bank Awards 2016

  • Best Domestic Equity House in Hong Kong

2015

FinanceAsia Country Awards 2015

  • Best Chinese ECM House in Hong Kong
  • Best Chinese Investment Bank in Hong Kong
  • Best Chinese Broker in Hong Kong

Thomson Reuters The StarMine Analyst Awards 2015 (Australia & New Zealand)

Overall Category

  • No.1 Financial Services – Stock Picking
  • No.2 Chemicals & Forest Products; Metals & Mining – Earnings Estimating

Industry Category

  • No.1 Health Care and Diversified Industrials – Stock Picking
  • No.1 Chemicals & Forest Products – Earnings Estimating
  • No.1 Hotels, Restaurants & Leisure – Earnings Estimating
  • No.1 Telecom Services & Information Technology – Earnings Estimating
  • No.2 Financial Services – Stock Picking

Asiamoney Brokers Poll 2015 Asia (ex. Japan and Australia)

Research

  • No.1 Most Independent Research
  • No.1 Best Regional Strategist
  • No.1 Best Economist
  • No.1 Best Regional Quantitative/Technical Analyst
  • No.1 Best Analyst for Software & Internet Services
  • No.1 Best Team for Strategy, Quantitative/Technical Analysis, Consumer Staples, Materials and Software & Internet Services

Sales & Trading / Execution

  • No.1 Best Team for Regional Sales
  • No.1 Best Regional Salesperson
  • No.1 Best Salesperson in China, Hong Kong, Indonesia and The Philippines
  • No.1 Best Sales Trader in India and The Philippines

Asiamoney Brokers Poll 2015 (Japan and Australia)

Japan

  • No.1 Most Independent Research Brokerage
  • No.1 Best Research Coverage in Consumer Discretionary, Consumer Staples, Industrials, Real Estate, Semiconductors & semiconductor equipment, Software, Internet & Services, Strategy and Technology Hardware & Equipment

Australia

  • No.1 Most Independent Research Brokerage
  • No.1 Best Research Coverage in Banks, Diversified Financials, Industrials, Insurance and Small Caps
  • No.1 Best Salesperson in Australia

KEY FACTS

CLSA provides equity broking, corporate finance & capital markets and asset management services to global corporate and institutional clients.

  • Headquartered in Hong Kong
  • Located in 20 cities across Asia, Australia, the Americas and Europe
  • Equity Broking / Corporate Finance & Capital Markets / Asset Management
  • No.1 Most independent equity research house in Asia (Asiamoney 2015)
  • Since 2007, CLSA Chairman’s Trust has pledged over US$24.8 million to more than 120 non-profit organisations
  • 1,500 employees globally
  • CLSA’s parent company is CITIC Securities

CITIC Securities

CLSA’s parent company CITIC Securities is China’s leading brokerage and investment bank*.

With the mission to become a world-class, China-focused, global investment bank, CITIC Securities acquired CLSA in July 2013 and became the first Chinese brokerage to purchase a global financial institution. CLSA is now a wholly-owned subsidiary of CITIC Securities, China’s leading securities firm and largest underwriter of Chinese debt and equity.

CITIC Securities was established in October 1995 and headquartered in Shenzhen. The Company offers a wide range of financial services and products including securities brokerage, investment banking and asset management, to a large and diverse client base encompassing corporations, financial institutions, governments and individuals.

Together, CITIC Securities and CLSA share the common vision of becoming a dominant force in global broking and investment banking driven by a culture of excellence, integrity and independence.

For any further information, please see www.cs.ecitic.com

* CITIC Securities was No.1 Securities Company in China in terms of Revenue and Net Profit in 2015 according to its 2015 full year financial results announced in March 2016.