CLSA is looking at offering prime brokerage services to small hedge funds with strong growth potential, leaving the larger hedge funds to be serviced by big US investment banks like Goldman Sachs and Morgan Stanley, which already have a strong hold on the prime brokerage business, said Lee.
Lee joined the French bank in March this year from ABN Amro, where he established the hedge fund sales team in Asia. He brought over Michael Li and Patrick Hugh from his old team at the Dutch bank to provide technical trading strategies. CLSA has also hired Rikki Malik, a fund manager who began his career at Pacific Group, later working with CDIB Venture Investment and Crosby Asset Management. Malik started at the bank this week, and will focus on the Japanese and Australian markets, although he is based in London.