Citic Securities lays it on FICC

In an exclusive interview, Citic Securities’s John Sun explains how the firm is expanding in London to offer European investors more access to offshore renminbi products and Asian dollar debt.
City of London financial district
City of London financial district

Whilst other international investment banks reduce their exposure to fixed-income, currencies and commodities, China’s largest brokerage firm is expanding into the capital-intensive business to enable European institutional investors to invest in Asian credit products.

State-owned Citic Securities, controlled by the financial-to-mining conglomerate Citic Group, has been actively hiring credit specialists in London after it recently established a sales and trading platform in the UK capital.

In an exclusive interview with FinanceAsia, John Sun, Citic Securities International’s Hong Kong-based head of FICC, said the company plans to first focus on offshore renminbi products and Asian US dollar-denominated credit.

But he added that...

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