Research drives CLSA's three key business areas: broking, investment banking and asset management. CLSA's clients are global corporate and institutional asset managers.

Brokerage and Research
 

• Brokerage / Equity Derivatives

CLSA is one of Asia's largest independent equity brokers and one of the world's largest agency brokers. CLSA has direct access to 80 global equity markets through its combined exchange memberships with Calyon Capital Markets.

CLSA Equity Derivatives is a significant issuer and joint distributor of equity structured products and futures and options across Asia. Supported by state-of-the-art execution systems, CLSA provides seamless and consistent trading services to global clients.

In China, CLSA's joint venture China Euro Securities Limited (CESL) was the first Sino-foreign joint venture established under the new regulations introduced by the China Securities Regulatory Commission in 2002. On June14th, 2008, CESL became the first sino-foreign securities company to be granted an A share broking licence. CESL provides equities broking and underwriting, equity-linked and debt securities including A-shares, B-shares, CBs, T Bonds and corporate bonds.

Established in 1994, CLSA is the number one brokerage in India, with the highest market share of foreign flows. In Japan, CLSA is represented by Calyon Securities and began operations in 2003. CLSA clients have access to the Australian market through CLSA's remote access membership, granted by the Australian Stock Exchange in September 2007.
 

• Research

Independent and innovative research is the cornerstone upon which CLSA's success is based.

The company is renowned for its independent thematic research, economic analysis and equity strategy and is regularly quoted by global media. CLSA has been ranked the top equity research house in Asia by institutional investors for the past 16 years.

Investment Banking

CLSA's investment banking helps Asian corporations drive shareholder value through the corporate structuring of small to mid-cap public and private companies. The investment banking group operates independently of the broking business and offers M&A advisory, equity transactions and public offerings.

CLSA has a reputation and long term corporate and government relationships in Asia. This makes CLSA a natural bridge between corporates wishing to raise capital and the international investment community. From January 2002 to March 2008, CLSA was involved in 228 equity transactions in 13 markets, 110 of which involved companies in Greater China.

Asset Management

Since 1995, CLSA has offered alternative asset management through eight Asia-focused funds managed by CLSA Capital Partners. This private equity group leverages CLSA's economic and strategic analysis to invest into private and listed Asian companies. These ones are focused on long term economic trends in clean resources, energy, domestic growth, real-estate and transport.

CLSA Capital Partners currently has more than US$2.3 billion under management in eight pan-Asian funds: 

• Alcor Capital (hedge)
• Aria Investment Partners (private equity)
• Clean Resources Asia (hedge)
• Clean Water Asia (hedge)
• CLSA Sunrise Capital (private equity)
• Fudo Capital (private equity)
• MezzAsia Capital (mezzanine)
• Pacific Transport (private equity)

CLSA serves its clients from its headquarters in Hong Kong. More than 1,500 dedicated professionals are located in 13 Asian cities, plus Dubai, London, Port Louis (Mauritius) and New York. In Asia CLSA is located in Bangkok, Beijing, Jakarta, Kuala Lumpur, Manila, Mumbai, Seoul, Shanghai, Shenzhen, Singapore, Taipei and Tokyo.

CLSA's client-focused approach is supported by its comprehensive network across Asia and international financial centres. About 60% of clients are based in the US, UK and Europe with the balance in Asia.

CLSA was founded in 1986 by Gary Coull and Jim Walker. These two former journalists understood the value of high quality and well researched information. Driven by innovative and unbiased research of Asia's leading small-mid cap companies and markets, the CLSA model has demonstrated a demand by global investors for unique market insights.
 

CA Cheuvreux and Newedge are the other two first-class brokers making up Calyon's brokerage arm.

CA Cheuvreux, a european broker recognized for its high quality independent research is 100% controlled by Calyon. A regularly awarded reference player, CA Cheuvreux is present in 12 countries and is pursuing a multi-centre development strategy enabling it to be active in most European countries. At the same time it is developing a sectoral research activity covering all economic sectors as well as a widely recognized economic and strategic research.

CA Cheuvreux is an attractive source of liquidity in over 40 of the world's markets. Its range of services also encompasses corporate brokerage for a customer base of European corporates and intermediation for the Crédit Agricole Group's retail customers.

Newedge is a world leader in the areas of execution and clearing of listed derivatives. It is the resulting company from the merger of Calyon's and Société Générale's brokerage firms.

Since its formation in January 2008, Newedge has offered its institutional customers access to over 70 equity and derivatives markets worldwide. With a 3,000 strong international workforce located in strategic centres, Newedge is in a position to devise innovative solutions to meet the increasing requirements of its customers in a fast changing market.