HONG KONG CLSA, the International Unit of China's largest broker, said on Monday that its vice-chairman Charles Lin was stepping down from his role.
Charles Lin, who was hired to the top role at CLSA in April 2020, resigned from the Hong Kong-based investment bank earlier this month, but he will serve as the vice chairman of its board until the end of the month, a company spokesman said.
According to the spokesman, Lin resigned for personal reasons, but he did not elaborate on details about his successor.
A source with knowledge of Lin's move told Reuters that Lin was pursuing another opportunity in the industry. Prior to joining CLSA, Lin was hired to help the Chinese brokerage build up an international presence.
In August 2020, CLSA lost its last CEO Rick Gould after he worked only 16 months in that position. Since then, the firm has removed this role from the company.