CLSA merges with Exchange Capital

Exchange Capital recently forged a new investment banking joint venture with CLSA Emerging Markets, which will be known as CLSA Exchange Capital Inc.

By aligning their investment banking services, these two strong franchises will offer comprehensive cross border capital markets and financial advisory services to the Philippine corporate sector and provide clients with greater insight and access to a broader range of financial expertise.

Exchange Capital was founded in 1988 and was formerly known as Jardine Fleming Exchange Capital Group. It is a leading local investment bank in the Philippines, and is the top underwriter of equity and equity-linked securities for Philippine companies in the international markets.

Exchange Capital assists major Philippine corporations in tapping the local and international capital markets through initial public offerings (IPOs), convertible notes, private placements, rights issues, and other equity-linked offerings. It also offers services involving mergers and acquisitions, divestitures, corporate restructuring, project finance and financial advisory.

CLSA Emerging Markets in turn is widely recognized as a leader in brokerage and investment banking services in the emerging markets of Asia, Latin America, emerging Europe, the Middle East and Africa. Its headquarters is in Hong Kong and is actively supported by over 700 staff globally in 29 countries.

CLSA was established in 1863 and is now one of Europe’s largest banks. It is a 65-percent-owned subsidiary of France’s Credit Lyonnais Bank with approximately $170 billion in assets, 51,000 employees and a S&P rating of A.

This new joint venture reaffirms CLSA’s commitment to the Philippines and to providing its clients with a balance of local know-how within a global perspective.