Exclusive: Citic Securities Prepares Leadership Handoff as Brokerage Giant Navigates Choppy Waters

Citic Securities Co. Ltd., one of China’s largest and most profitable brokerages, is undergoing a leadership transition that could reshape its strategic direction at a time of mounting challenges both at home and abroad.

The company’s long-serving chairman, Zhang Youjun, who turned 60 in July, will relocate to Hong Kong to oversee Citic Securities International, the firm’s wholly owned offshore arm, according to a Sept. 23 decision by its parent, Citic Group Corp. Ltd., Caixin has learned.