Citic CLSA hires Leung as head of syndicate

Former Credit Suisse banker Kelvin Leung joins Citic CLSA as head of syndicate, replacing the departed Stuart Wilson.

Citic CLSA has appointed Kelvin Leung as head of syndicate for its capital market business, replacing Stuart Wilson.

In a company statement issued on Thursday, Citic CLSA said Leung would become an integral member of the firm’s leadership team and would be responsible for syndication efforts across Asia, Australia and Europe.

He will report to Andrew Low, Citic CLSA’s head of international investment banking.

Before joining Citic CLSA, Leung's most recent role was as a director with Credit Suisse’s equity syndicate team in Asia ex-Japan. He had been with the Swiss bank since 2007 and left in May this year.

At Citic CLSA, Leung’s official title will be head of syndicate, which suggests he could take on additional responsibility beyond equity syndication. Wilson, who left Citic CLSA last month, was Citic CLSA’s head of equity syndicate.

Citic CLSA has emerged as one of the top dealmakers in the capital markets space since it was formed in a merger between CLSA’s investment banking division and Citic Securities in Hong Kong.

For the year to date, Citic CLSA ranks first in the Asia ex-Japan ECM League table with total deal volume of $9.1 billion from 30 transactions, according to Dealogic.

The firm has been able to leverage its extensive China network to advise on some high-profile transactions, including the $800 million initial public offering of CDB Leasing and China Zheshang Bank’s $1.69 billion IPO.

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