Nearly 50 HK staffers of Citic leave amid CLSA integration

Hong Kong

CITIC Securities Co, which is accelerating a push to integrate overseas units, has seen almost 50 employees leave in Hong Kong since November, a person with knowledge of the matter said.

In May, the Chinese securities firm cut 16 jobs as it moved to close down some underperforming funds at its asset management unit, said the person, who asked not to be named discussing private information.