HK-based CLSA shuts US equity research ops
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
CLSA Ltd, the brokerage owned by Chinese financial services firm Citic Group Corp, shut down its US equity research operations on Monday, laying off more than half its workers based in the country.
The brokerage dismissed 90 US-based staff on Monday, most of whom worked in research as well as a few traders, according to Simone Wheeler, a spokeswoman for Hong Kong-based CLSA.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
