CLSA
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CLSA is an award-winning brokerage house covering the Asia-Pacific Markets from a headquarters in Hong Kong. Founded in 1986, CLSA now has as its major shareholder is France's Credit Agricole, one of the world's largest banks. CLSA was originally partially owned by Credit Lyonnais and CLSA's senior executives - principally, its late chairman, Gary Coull, who died in 2006.
CLSA's lack of significant investment-banking business contributes to its reputation among clients - largely worldwide fund managers - for independence in its brokerage research. International publications like the International Herald Tribune refer to CLSA as "a leading Hong Kong brokerage".[1]
CLSA's assest-management subsidiary, CLSA Capital Partners listed an IPO on Hong Kong's stock exchange in January 2007 with a market capitalization of about US$225 million [2]
CLSA has over 900 staff in 11 Asia-Pacific markets as well as offices in London and New York. Over the years, CLSA's analysts and research teams have won numerous awards.[3] Perennial winners in the past decade were Dr. Jim Walker, for his Asia-wide economic research, and Jing Ulrich for her research coverage of China.
Each May, CLSA hosts a global investors' forum in Hong Kong. Bill Clinton was a keynote speaker in 2002, and in the reference below, which links to a text of his speech, he thanks the now-deceased chairman, Gary Coull, for the invitation.[4]
The company has not been without controversy. In May 2007, the Financial Times reported that Softbank withdrew a threat of legal action against CLSA after the brokerage house issued a partial apology in regard to a critical report about the Japanese communications conglomerate.[5]
References
- ^ "CLSA Family-run firms greet new era in Hong Kong". International Herald Tribune. 2006-7-17.
{{cite news}}: Check|url=value (help); Check date values in:|date=(help); Italic or bold markup not allowed in:|publisher=(help) - ^ "CLSA Capital Partners IPO their portfolio company". The Alternative Assets Network. 2007-2-1.
{{cite news}}: Check date values in:|date=(help); Italic or bold markup not allowed in:|publisher=(help) - ^ "UBS Retains #1 Ranking; Significant Improvement Made By CLSA" (PDF). Institutional Investor. 2006-5-23.
{{cite news}}: Check date values in:|date=(help); Italic or bold markup not allowed in:|publisher=(help) - ^ "Speech: Remarks to CLSA Investors' Forum". Clinton Presidential Center. 2002-5-22.
{{cite news}}: Check date values in:|date=(help) - ^ "Softbank withdraws legal threat to CLSA". Financial Times. 2007-5-26.
{{cite news}}: Check|url=value (help); Check date values in:|date=(help); Italic or bold markup not allowed in:|publisher=(help)