Here's one firm planning global investment banking expansion

Globe

Mergers advisory, equity capital markets services and the provision of debt to companies.

CLSA Ltd, the brokerage owned by Citic Securities, plans to expand into investment banking globally to build on its existing research and broking business.

Bloomberg News reports that CLSA plans to hire bankers next year to provide mergers advisory, equity capital markets services and the provision of debt to companies, said Andrew Low, the incoming head of the firm’s international investment banking unit. He declined to give details on the expansion.

“We want to leverage off Citic’s access into the Chinese market, and CLSA’s strong position in research and trading in Asia, to build a first-tier investment bank globally,” Low, a former Macquarie Group chief operating officer whose appointment was announced yesterday, said by phone.

To access the complete Bloomberg News article hit the link below:

CLSA to Build Its Global Investment Banking Business

Bank of Tokyo-Mitsubishi Said to Hire Citigroup’s Young

 

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