CLSA trading COO Axelsson resigns

Axelsson led the brokerage's trading and execution business in Hong Kong since 2011.

Joakim Axelsson, chief operating officer for trading and execution for Asia-based brokerage CLSA, has resigned from his role The Trade understands.

It is understood he will look for a new role in Europe, according to a source familiar with the matter, while on gardening leave for the next two months.

Axelsson led the brokerage’s trading and execution business in Honk Kong since October 2011. Prior to joining CLSA, he was COO for equities at Bank of America Merrill Lynch for Asia, where he was responsible for execution services and institutional sales in Singapore for four years.

With Axelsson’s departure,  Nigel Beattie, global head of trading and execution for CLSA, will be solely responsible for the business.

A spokesperson for CLSA could not be reached at the time of print.