HONG KONG, Jan. 12 /Xinhua-PRNewswire/ -- CLSA Ltd, Asia-Pacific's #1
brokerage, yesterday raised more than US$2.3 million for the CLSA Relief Fund
to support rebuilding efforts in Sri Lanka, India, Indonesia and Thailand.
Global institutional investors gave generously by directing orders generating
over US$2 million in commissions to the CLSA Relief Fund to support victims of
the tsunami. CLSA donated a further US$300,000 by matching employee donations
bringing the total raised for CLSA Relief Fund to over US$2.3 million.
Rob Morrison, CLSA's Chief Executive Officer said, ''The CLSA Relief Fund
was created to enable investors to link the investments they make in affected
countries to the relief effort. The outpouring of support yesterday
underscores just how dedicated the investment community is to the long term
growth and development of the economies that they invest in."
The CLSA Relief Fund programme enabled global institutional investors to
direct their trading orders yesterday in any Asia-Pacific market to the CLSA
Relief Fund. CLSA donated 100% of the commission received for these orders to
the CLSA Relief Fund. In addition, 100% of commission from all orders
received in India, Indonesia, and Thailand yesterday was earmarked for relief
efforts.
The CLSA Relief Fund will directly support rebuilding efforts in Sri Lanka,
India, Thailand and Indonesia through local organisations in each country.
These organisations include Sarvodaya in Sri Lanka, a local housing charity
working to rehouse orphaned children; the Akanksha Foundation in Bangalore,
India; the Ramakrishna Math in Chennai, India; the King of Thailand's
Rajprachanukroh Foundation and the Indonesia Red Cross. CLSA is also looking
to work with other community partners on specific projects to rebuild schools
and villages in affected areas.
Mr Morrison said, "CLSA is fully committed to the long term growth of the
Asian region. We will work closely with our local community partners to help
rebuild and sustain the affected economies."
These efforts supplement the work of CLSA's parent company Credit Agricole
who has already announced a Group contribution of EUR2 million towards the
financing of sustainable reconstruction and development projects in the
affected areas.
About CLSA Asia-Pacific Markets
CLSA is an award-winning brokerage, investment banking and private equity
group in the Asia-Pacific Markets. Founded in 1986 and headquartered in Hong
Kong, CLSA is a unit of France's Credit Agricole, which merged in 2003 with
Credit Lyonnais, to form the 4th largest bank in the world by assets and the
2nd largest bank in the world by Tier One capital. CLSA enjoys substantial
staff ownership which contributes to its independent stance and operations.
CLSA has over 750 dedicated professionals spread across all Asian and
international financial centres. Recognised as one of the top research, sales
and execution houses in Asia, CLSA is known for its innovative and independent
research. In 2003,CLSA expanded its brand to Japan, offering Japanese equity
research and sales services to international investors.
CLSA was voted the No.1 Brokerage House for Research and Sales and the
Most Independent Research Brokerage House in Asia by Asiamoney's Brokers Poll
2004.
CLSA's investment banking division was recognised as 'Best Small Cap
Equity House in Asia' for 2004 by Finance Asia and as 'Runner-up Best Mid-Cap
Equity Investment Bank in Asia' for 2003 by both International Financing
Review and Finance Asia.
CLSA's business includes a series of successful joint ventures including
China Euro Securities Limited, the first joint venture to be granted a
domestic investment banking licence in China since its entrance into the WTO.
CLSA also enjoys an exclusive alliance with CIBC World Markets of North
America.
Additional information is available at http://www.clsa.com . For further
information, please contact:
Grace Hung, Head of Communications,
CLSA Asia-Pacific Markets
Tel: (852) 2600 8318
Fax: (852) 2530 0827
Email: grace.hung@clsa.com
SOURCE CLSA Ltd
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Related links:
http://www.clsa.com
CONTACT:
Grace Hung of CLSA, +852-2600-8318, or fax,
+852-2530-0827, or grace.hung@clsa.com
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