A CLSA logo is displayed at the company's office in Hong Kong, China, on Wednesday, July 5, 2017. Photographer: Anthony Kwan/Bloomberg
HONG KONG: CLSA Ltd plans to double the number of investment banking staff it has in South-East Asia over the next five years, according to a senior executive, as the arm of one of China’s largest state-owned conglomerates, Citic Group Corp, seeks to tap into the region’s rapid growth.
“South-East Asia is one of those bright spots if you look at where growth is,” Xianjie Boey, CLSA’s head of investment banking for South-East Asia said in an interview during the Citic CLSA Asean forum in Bangkok last week.
