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CLSA’s Headcount Slid 6% Last Year Amid Executive Departures

  • Parent Citic Securities added 20% in staff as earnings jumped
  • Citic plans capital injection into CLSA after turnaround

CLSA Ltd.’s headcount declined 6% last year amid a string of departures of top managers at the Hong Kong brokerage.

The firm’s headcount fell to 1,808 at the end of 2020, while its parent, Beijing-based Citic Securities Co., boosted its staff by 20% in a bumper year for trading and dealmaking that saw earnings climb 22%, according to its annual results.