Former G.H. Financials chief Shi joins CITIC Securities

Former G.H. Financials chief Shi joins CITIC Securities

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The former chief executive of G.H. Financials Sharon Shi has resurfaced as the head of global clearing at the international arm of China’s CITIC Futures in Hong Kong.

Shi, who left G.H. Financials in London last month, is now the chief executive officer of global clearing at CITIC Futures International (CFI), the overseas arm of the Chinese bank, and the managing director of futures at CITIC CLSA, the brokerage and investment group owned by CITIC.

In her new role, Shi is responsible for developing CITIC Futures International’s global clearing business and building the futures franchise at CITIC CLSA. CFI and CLSA are both part of CITIC Securities, the Chinese investment bank headquartered in Shenzhen.

Her appointment, which was posted on LinkedIn, emerged one month after Shi left G.H. Financials where she was the London-based chief executive for 18 months and worked for 17 years.

Jerome Kemp, the former head of futures at J.P. Morgan and Citigroup who became chair of G.H. Financials in March, is standing in as acting chief executive of the clearing broker while GHF looks for a permanent chief executive, a spokesman for the firm said in late April.

Shi joined Futures First, the trading company owned by Hertshten Group which also owns G.H. Financials, in 2007 to run operations before being promoted to deputy managing director in 2009.

Shi transferred to GHF in 2012 as that firm’s Hong Kong-based managing director before moving to London in 2022 as group chief executive.

CLSA Singapore became in July last year a derivatives trading (DT) member of Singapore Exchange (SGX) in a sign of the firm’s international growth ambitions.

Liang Shi, head of FICC (Fixed Income, Currencies and Commodities) at CITIC CLSA, said at the time: “Our SGX DT membership is an important milestone of our international growth agenda, and we look forward to creating greater liquidity in the market and promoting more FICC risk management products.”

CITIC CSLA became in August 2021 the first Chinese broker to execute a trade through banking giant BNY Mellon’s Stock Connect service which links the equities markets in Hong Kong and Mainland China.

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