China’s Citic tightens grip on CLSA after mass departures

China’s Citic tightens grip on CLSA after mass departures

Shanghai, China. Photo: Kin Li

Citic Securities Co. is tightening control over its CLSA Ltd. unit, following an exodus of staff and top executives from the Hong Kong brokerage last year amid a clash over corporate culture and bonus levels.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter