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CLSA Is Giving Junior Bankers a 30% Pay Hike to Stem Exodus
- First-year analysts said to get pay bump of at least 40%
- CLSA is struggling to keep talent after Beijing-led overhaul
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CLSA Ltd., controlled by China’s biggest securities firm, is boosting the monthly paychecks of junior bankers by 30% on average as the Hong Kong brokerage seeks to stop defections after a two-year exodus of key staff, people familiar with the matter said.
The increase will see base pay for investment banking associates move into a range of HK$75,000 ($9,661) to HK$95,000 a month, depending on their experience, the people said, asking not to be named revealing confidential information. First-year analysts will see a bump of at least 40%, reaching about HK$40,000 to HK$60,000 a month, one of the people said.