CITIC Securities to align its international businesses under one brand – Creating China’s largest, international capital markets-focused financial platform


Hong Kong, 10 November, 2016 – Under the auspices of their parent company CITIC Securities (CITICS), CITIC Securities International Company Limited (CSI) and CLSA Limited (CLSA) are pleased to announce that the two Hong-Kong headquartered international entities will be aligned under the single brand of CLSA, amalgamating as China’s unique, off-shore financial platform with unmatched capabilities and coverage across 25 cities in the Asia Pacific, Europe and the Americas.

The move to a new corporate identity for CITICS’ international businesses is the next phase in CITICS global business development following the successful integration of CSI and CLSA’s corporate finance and capital markets businesses. The ‘new’ CLSA is pivotal to CITIC Securities’ international expansion serving Chinese and global clients across diverse geographies.  Domestic institutional, retail and corporate clients will benefit from CLSA’s world class services and direct access to international capital markets.  The integrated business will offer corporate finance, capital markets, fixed income, asset management, private equity, equity research and institutional and retail brokerage.

Chairman of CITIC Securities Zhang Youjun said: “As China’s economy internationalises, Chinese companies are playing a more important role in the global marketplace.  Our vision is to become a leading domestic and first-class international Chinese investment bank most trusted by clients around the world.  After years of expansion beyond China, one combined off-shore platform will lead CITICS one step closer to our aspiration. Our strong domestic capabilities, propelled by the broader mix of products and services from the new CLSA, will enable our clients to access new insights and capabilities that only a leader in China’s capital market can offer.”

CITIC Securities will appoint Tang Zhenyi Chairman of CLSA.  Mr. Tang will play an instrumental role in strengthening CLSA’s capabilities in serving Chinese clients in international markets. Mr Tang will join CLSA’s board with a wealth of experience in global capital markets. He has been with the CITIC Group for many years and previously worked at the World Bank headquarter and at the Ministry of Finance.

Current Chairman and CEO of CLSA Jonathan Slone will remain as the CEO of the new CLSA. He notes: “Aligning our resources is the natural outcome of our working closely together over the past three years.  Not only will CLSA be China’s largest brokerage financial service platform engaged in the international capital markets business, we will retain a unique mix of global thought and Chinese parentage with on-shore depth and breadth.”

Yin Ke will remain as the CEO of CITIC Securities International. He will continue to drive business alignment and enhance the business connectivity between the Company’s on-shore and off-shore platforms.

Leveraging CLSA’s 30 year history and deep relationships with global investors, CITIC Securities is committed to expanding its international business while ensuring outstanding client service.  The integration of CSI and CLSA provides an opportunity for growth by bringing together complementary products, services, skills and talents. These are underpinned by a commitment to excellence and a common culture focused on creating superior value for clients, shareholders, employees and all stakeholders.