CLSA strengthens its research platform with senior hires
Adrian Mowat joins CLSA as Chief Strategist

Hong Kong



Hong Kong – 3 September 2019:  CLSA Limited (CLSA), Asia’s leading capital markets and investment group, today announces a number of senior research appointments to strengthen its equity advisory business in Asia and Australia.

A 30-year investment industry veteran, ex-JP Morgan Adrian Mowat joins CLSA as Chief Strategist. Alvin Wong is now Head of China Property Research; Tony Ren assumes the role of Head of North Asia Healthcare Research, and Hans Fan is appointed Head of China Financial Research. All are based in Hong Kong.

In Australia, CLSA reinforces its domestic research team with the appointments of Ben Brownette and Lee Power as industrial research analysts. Both join from Deutsche Bank.

Shaun Cochran, Group Head of Research, commented on Adrian’s appointment: “Adrian is a world-class strategist. His vision is closely aligned to ours; together we aim to create a differentiated strategy research offering with timely actionable ideas for investors. I am genuinely excited to undertake this journey with him and look forward to releasing the first new strategy product soon.”

Commenting on CLSA’s commitment to Institutional Equities, Rick Gould, CEO of CLSA Group, said: “These senior research appointments reaffirm our undivided commitment to the Institutional Equities’ business and the continued growth of CLSA’s unique research brand. Today, our strong platform provides differentiated research products tailored to the demands of our fast evolving client base.”

The appointments are made ahead of CLSA’s 26th Investors’ Forum opening in Hong Kong next week. “The ongoing popularity of our CLSA Investors’ Forums speaks volumes to the loyalty of institutional investors to the CLSA brand. This year we are expecting a record number of corporates to deliver unrivalled Asia corporate access to international investors,” Gould said.

The 26th CLSA Investors’ Forum will be held on 9-13 September 2019 at the Grand Hyatt in Hong Kong. It brings together 1,800 global institutional investors, 800 corporate executives, CLSA’s economists, strategists and analysts, and 40 world-leading experts in economics, finance, geopolitics, technology, health, energy and the environment to share thought-provoking insights and delve into the issues and themes driving global investment mandates.

Notes to editors:

  • Adrian Mowat, Chief Strategist, is a high profile emerging market equity specialist with 30 years of combined buy and sell side experience. He worked for JP Morgan in Hong Kong for 15 years from 2002 to 2017, first as Chief Asian Equity Strategist before being appointed Chief Asian and Emerging Markets Equity Strategist in 2004. In this role, he led the global emerging equity market strategy group, and was responsible for producing the team’s flagship reports, Key Trades & Risk and Perspective & Portfolios, for emerging markets and Asia respectively. He started his career working for equity manager Martin Currie in Edinburgh, UK, for 14 years, as Portfolio Manager and Director of Investment Strategy. Adrian holds a BSc Honours in electrical and electronics engineering from the University of Edinburgh.
  • Alvin Wong, Head of China Property Research, has more than a decade of property research and industry experience. He has held senior positions at international investment banks including Credit Suisse, Barclays and Nomura. He and his team have been highly-ranked by Institutional Investors’ All-Asia Research Team survey consistently since 2011.
  • Tony Ren, Head of North Asia Healthcare Research, has ten years of management consulting experience serving biopharma and healthcare clients in North America and China, and was most recently VP, HK/China Healthcare Equity Research at Maybank for three years.
  • Hans Fan, Head of China Financial Research, has 12 years of banking experience including nine as China financials’ research analysts. He was most recently Director, China Financials, Equity Research, at Deutsche Bank, a role he held for six years.

About CLSA Limited:
CLSA is Asia’s leading capital markets and investment group, providing global investors with insights, liquidity and capital to drive their investment strategies.

Award-winning research, an extensive Asia footprint, direct links to China and highly experienced finance professionals differentiate our innovative products and services in asset management, corporate finance, equity and debt capital markets, securities and wealth management.

As the international platform of CITIC Securities (SSE: 600030, SEHK: 6030), China’s largest investment bank, CLSA is uniquely positioned to facilitate cross-border capital flows and connect China with the world and the world to China.

Founded in 1986 and headquartered in Hong Kong, CLSA operates from 21 cities across Asia, Australia, Europe and the United States. For further information, please visit


Simone Wheeler

Global Head, Group Communications, CLSA

T: +852 2600 8196

Marylène Guernier

Senior Communications Manager, CLSA

T: +852 2600 7976

Mandy Ho

Senior Communications Manager, CLSA

T: +852 2600 8193