CLSA appoint Andrew Low as head of investment banking

CLSA Limited has announced the appointment of Andrew Low as Head of International Investment Banking. To be based in Hong Kong, Low will report to CLSA Chairman & CEO and CITIC Securities International Co-CEO Jonathan Slone and will join CLSA’s Executive Committee.

Regarded as one of Asia’s most highly respected bankers, Low‘s extensive, 23-year experience advising on complex transactions in the Asia-Pacific, Europe and North America will complement CITIC Securities’ investment banking services to clients through CLSA’s equity capital markets expertise and more recent debt capital markets capabilities.

Slone commented: “In Andrew, we will have at the helm one of Asia’s most experienced and respected investment bankers to expand our offering, drive revenue and extend the footprint. Andrew has a proven track record of building successful and profitable investment banking businesses in the Asia-Pacific and globally. The depth and breadth of his transaction and management experience brings us exciting opportunities for growth.”

Low, previously COO of Macquarie Capital Advisers joins from RedBridge Grant Samuel, a boutique corporate finance firm he established in 2011. He said: “CLSA has an excellent track record of innovative and landmark deals backed by its top-ranked research and broking business and CLSA’s parent company CITIC Securities is the leading investment bank in China. I look forward to growing the existing platforms to provide seamless access to deal flow and capital for clients globally.”

“Near term opportunities for growth abound. For instance, with CITIC Securities’ dominant presence in China, CLSA is ideally placed to benefit from China’s burgeoning outward investment flows to which CITIC Securities enjoys direct access.” Low said.

In July 2013, CLSA became a wholly owned subsidiary of CITIC Securities, the leading brokerage and investment bank in China. Over the past 18 months, CITIC Securities International, the Hong Kong-based international subsidiary of CITIC Securities, has integrated its ECM and DCM capabilities into CLSA. Year to date in 2014, the combined teams have completed more than 55 deals across Asia, which include 11 China-related IPOs and 17 cross-border debt capital market transactions.

With a mandate to grow the business, Low will oversee the expansion of CITIC Securities’ international investment banking group activities through CLSA and manage CLSA’s banking teams located in Hong Kong, Jakarta, Kuala Lumpur, Manila, Mumbai, Seoul and Singapore. CLSA’s ECM capabilities will continue to be led by Head of ECM and Corporate Finance Richard Taylor who established CLSA’s capital markets group in 1995.

Prior to RedBridge Grant Samuel, Low was Chief Operating Officer of Macquarie Capital Advisers and chaired the Global Operating Committee. As Macquarie Capital’s Head of Asia from 2004 to 2010 he led the deal team for the acquisition of ING Securities and had oversight of all Macquarie offices across the region, building a highly competitive and profitable banking franchise. He was also global head of Macquarie’s Telecom, Media, Entertainment & Technology group from 2001-2007, was a Co-Head of Macquarie’s global Financial Institutions Group and the inaugural Vice-Chairman of the Sino-Australian Trust Company in Shanghai. Low is a Member of the Australian Takeovers Panel and Deputy Chairman of the Asia Society in Australia.

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