CLSA reveals all

Rodney Smyth, CEO of CLSA, discusses G-Trade, hedge funds and CLSA''s unique approach to Asian investment banking.

Why did you decide recently to sell G-Trade - your electronic stockbroking arm - to Bank of New York

The G-trade business is a very exciting business that had grown rapidly. But we had to decide whether it would continue to develop under CLSA's ownership. The simple answer was that an institution such as Bank of New York has a broader base that will allow them to better support the business. They are global operators that can deliver a range of transaction services, including custody and stock lending - capabilities that are relevant in the longer term. We could see a plateau in G-Trade's business if it stayed with CLSA, which now will...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222