The Southeast Asia team numbers more than 20, and the plan is for that figure to reach close to 50 by 2028, Boey said. The region will benefit from China’s reopening, he said, adding that the firm is getting more inquiries from Chinese corporates who are keen to invest here.
CLSA Ltd. plans to double the number of investment banking staff it has in Southeast Asia over the next five years, according to a senior executive, as the arm of one of China’s largest state-owned conglomerates, Citic Group Corp., seeks to tap into the region’s rapid growth.
“Southeast Asia is one of those bright spots if you look at where growth is,” Xianjie Boey, CLSA’s head of investment banking for Southeast Asia said in an interview during the Citic CLSA Asean forum in Bangkok last week. “We are looking to expand and to grow. Over the next five years, I do want to double my headcount. I think this will make us stand out in the region.”
