CLSA CLSA Capital Partners

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CLSA's top executive Coull dies of cancer
TIM LEEMASTER

Gary Coull, the co-founder and executive chairman of investment bank CLSA, died of cancer yesterday. He was 52.

Coull was also chief executive of CLSA Capital Partners, the company's private equity unit and a governor of the Asian Corporate Governance Association.

"Gary was a true visionary who two decades ago understood the vital role that a research-focused broker could play as a bridge between global investors and entrepreneurs in the dynamic Asia-Pacific region," said Mark Litzler, a member of the executive committee of CASA, CLSA's parent company in Paris.

In 1987, Coull joined brokerage Winfull Laing and Cruickshank, which was bought by French bank Credit Lyonnais. In 2002, Credit Lyonnais merged with Credit Agricole to form the world's fourth-largest lender.

Before joining the world of finance, Coull worked as a journalist at the South China Morning Post and weekly regional magazine Far Eastern Economic Review. He arrived in Hong Kong in 1977 from his native Canada.

Chief executive Robb Morrison will become chairman of CLSA while Richard Pyvis, who was Coull's deputy at the private equity arm, will take over that division, the company said in a statement yesterday.

"In large part due to Gary's ability to motivate and lead some very talented people, CLSA has been able to not only remain fiercely competitive but to continue to thrive as an independent house in an environment where many of its competitors couldn't," Mr Morrison said.

Monthly finance magazine Asiamoney ranked CLSA second, behind Swiss-based UBS, in its annual brokers poll released earlier this month.

Coull is survived by wife Vicky Wong, sister Leslie Coull and his mother in Vancouver.
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