trending Market Intelligence /marketintelligence/en/news-insights/trending/uqNHRnoQxA4Lx6QEGX0ECA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Hong Kong-based CLSA CEO resigns

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Hong Kong-based CLSA CEO resigns

Jonathan Slone resigned as CEO of CLSA Ltd., as its parent company CITIC Securities Co. Ltd. seeks to revamp the Hong Kong-based brokerage's daily operations, Reuters reported March 20, citing people with direct knowledge of the matter.

Slone's departure comes two weeks after Tang Zhenyi resigned as chairman of the brokerage. It also came after a 60% decrease in CLSA 2018 bonus pool and several other recent changes initiated by CITIC Securities, Bloomberg News separately reported, citing sources.

Sources said the resignations were due to CITIC Securities' assuming more control over the brokerage's operations. The exits could mean another change in strategy at CLSA, which is seen as CITIC Securities' international arm. CLSA has pushed into investment banking in recent years as competition squeezed profits from its equity broking and research businesses.

A CLSA spokeswoman confirmed Slone's departure but declined to disclose reasons or comment on other departures, Reuters reported.