Citic-owned CLSA plans to double its investment banking headcount in Southeast Asia to link investors, most notably from China, with opportunities in the region.
CLSA plans to double the number of investment banking staff in Southeast Asia over the next five years, according to a «Bloomberg» report citing Xianjie Boey, head of investment banking for the region.
Currently, the firm has more than 20 staff in the team and it wants to reach close to 50 by 2028.
Investor Interest
According to Boey, prospects in Southeast Asia are strong, particularly due to China’s reopening, and CLSA is receiving growing inquiries from Chinese corporates who are keen to invest in the region.
He also expects private equity firms to drive deal activity due to maturing investments and exits alongside the need to deploy significant amounts of recently raised funds. Digital infrastructure, such as data centers and telecommunications towers, as well as healthcare services, renewable energy and real estate are among the sectors he foresees will see more deals.
«Southeast Asia is one of those bright spots if you look at where growth is,» Boey said, highlighting Singapore and Indonesia as regional standouts for investments.
