Monday, December 7, 2009

CLSA appoints Head of Sales Trading in Thailand and strengthens sales offering, after sweeping 2009 Asiamoney Poll

CLSA Asia-Pacific Markets, Asia's leading independent brokerage and investment group, has followed its impressive showing in Asiamoney’s annual Brokers Poll with the hire of two industry veterans to further augment the company’s sales and sales trading capabilities.


Michael Frost joins as Head of Sales Trading in Thailand, and institutional sales specialist Lilly Kulvanichpisit brings 17 years of experience to its sales team, both hires represent CLSA’s commitment to expansion in the country and ensuring excellence in execution and client management.

On his decision to join CLSA, Frost said, “CLSA's global reputation for dynamic sales trading, unparalleled product and unmatched growth is what attracted me to the firm. I’m excited to be part of the team."

The growing of the sales team comes just days after Asiamoney’s annual Brokers Poll results were published, with CLSA again voted Thailand’s top brokerage by global fund managers.

CLSA clearly leads Thailand for its research coverage, retaining the top position in Thailand for country research (No.1 in 2008), with CLSA Head of Research Andrew Stotz again ranking Thailand’s No.1 equity analyst (No.1 in 2008).

In addition to being recognised for its leading research, CLSA’s sales services and execution was named the best in Thailand, with the brokerage taking the No.1 place for Best Overall Sales Services for the third consecutive year, and Best in Sales Trading and Best Overall Execution for the second consecutive year respectively.

CLSA also took out the title of Most Improved Brokerage in the last 12 months for the second year running.

CLSA Thailand Country Head, Pekka Johnson, said the new hires were only going to strengthen the sales offering of CLSA Thailand, with both Frost and Kulvanichpisit bringing broad industry and market knowledge and expertise to the table.

“CLSA Thailand’s priority is offering our clients the absolute best in accurate analysis and unrivalled service, and we are committed to upholding the exceptional standards which they have come to expect.”

“I am delighted to welcome Frost and Kulvanichpisit to our team, and look forward to the contribution and enhancement they will offer.”

“The poll rankings are a reflection of a job well done by all at CLSA Thailand, and we intend to carry this momentum forward and continue our expansion into the coming year,” said Johnson.
About Michael Frost

Frost has spent the majority of the last decade in Asia having completed stints in both Bangkok and Singapore, where he was most recently working as Head of South East Asian Sales Trading at ICAP, before which he spent three years at Merrill Lynch as a Director of Sales Trading.

Frost not only brings with him extensive industry experience, but also energy, enthusiasm and leadership finesse that is sure to reinforce the already stellar performance of CLSA Thailand’s sales trading team.
He commenced his new role with CLSA Thailand on 23 November, 2009.
About Lilly Kulvanichpisit

Prior to accepting her role with CLSA Thailand, Kulvanichpisit was with Asia Plus Securities, where she served as Marketing Director since 2002. Prior to this she was with WI Carr, KGI Securities and Merrill Lynch in Institutional Sales.
Kulvanichpisit will start her new role in early December, 2009.
About CLSA Thailand

CLSA is one of the longest standing foreign brokers operating in Thailand and has been serving domestic and international fund managers from Bangkok since 1989.

CLSA Securities Thailand is a full member of the Stock Exchange of Thailand (“SET”) and in 2008 co-hosted with SET Thailand Focus, an investment forum for foreign and domestic Thai investors.

A dedicated team of award-winning analysts covers more than 40 Thai companies in the agribusiness, conglomerates, consumer, financials, healthcare, industrials, media, petrochemicals, oil and gas, property, telecoms and transport sectors.
About CLSA Asia-Pacific Markets

CLSA Asia-Pacific Markets is Asia’s leading, independent brokerage and investment group. The company provides equity broking, capital markets, merger and acquisition, and asset management services to global corporate and institutional clients.

Renowned for service excellence, product innovation and award-winning market intelligence, CLSA has built its reputation on unrivalled equity research and economic analysis which is consistently ranked the best in Asia.

CLSA is one of Asia’s largest independent equity brokers and one of the world’s largest agency brokers. The group’s investment banking services include M&A advisory, equity transactions and public offerings. Alternative asset management is offered through ten Asia-based funds under CLSA Capital Partners.

Founded in 1986 and headquartered in Hong Kong, CLSA has 1,350 dedicated professionals located in 15 Asian cities, plus Dubai, London, Port Louis (Mauritius) and New York. CLSA’s major shareholder is France's Credit Agricole, which merged in 2003 with Credit Lyonnais. CLSA enjoys substantial staff ownership which contributes to its independent stance and operations.

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