In an announcement that has shocked the market, Rob Morrison, chairman of CLSA Asia-Pacific Markets, an Asia-based independent brokerage and investment group, said yesterday that he will retire on June 30 after nearly 10 years at the company in the roles of chairman, CEO and COO.
Morrison will be replaced by CEO Jonathan Slone, who will also retain his current position to which he was appointed in January 2008. Previously head of broking, Slone manages CLSA's global operations and has been instrumental in the company's expansion into new markets in the US and Australia, and for the launch of new business lines, such as BlocSec and SetClear.
My view, and admittedly...
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