(Nov 6): Three senior bankers in CLSA’s Southeast Asia investment banking business have recently left the firm, according to people with knowledge of the matter, marking the latest round of departures at the China-owned entity.
Hsu Jen Chin, head of the bank’s Malaysia investment banking unit; Rita Lau, who led equity capital markets deals in the region; and Kei Tse, co-head of execution for Southeast Asia, have resigned from the firm, the people said, asking not to be identified discussing private information.
A representative for CLSA declined to comment.
The departures come about two months after CLSA’s head of Singapore investment banking Xianjie Boey left the bank, people familiar with the matter said at the time.
CLSA Singapore Pte Ltd is part of Citic CLSA, the overseas platform of China’s Citic Securities Co. CLSA has had a number of senior departures in recent years, as its global push has largely foundered amid a culture clash with the parent group.
CLSA’s deals in Southeast Asia this year include the initial public offering (IPO) of Thai coconut-water maker IFBH Ltd in Hong Kong. It also had a junior role on the Malaysian IPO of MMC Port Holdings Sdn Bhd, before the share sale was postponed last month.
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Chin joined CLSA in January 2024, and was previously at Hong Leong Bank Bhd (KL:HLBANK), according to her LinkedIn profile. Lau worked for nine years at CLSA and was previously part of its ECM syndicate team in Hong Kong.
Tse was a Hong Kong-based technology, media and telecom banker for CLSA from June 2018, prior to assuming the co-head of execution role in January last year, her LinkedIn profile shows.
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