CLSA Trader Sparks Debate on Race at China’s Top Brokerage
- Staff criticized firm’s response to Black Lives Matter email
- ‘It’s disappointing you see it as a non-work related issue’
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A Black trader’s attempt to start a conversation about race at China’s biggest brokerage has cast a rare spotlight on how the state-owned company is grappling with issues of diversity as it expands overseas.
Misimi Osekita, a credit trader in the London office of Citic Securities Co.’s CLSA unit, sent an email to more than 100 employees in early June titled “Black Lives Matter,” according to people with direct knowledge of the correspondence. Writing in the wake of George Floyd’s death in Minneapolis, Osekita urged his fellow traders to learn about the challenges faced by Black people in the U.S. and around the world.