Hong Kong Utility CLP Hires Ex-Natixis Banker Tse to Lead M&A

CLP Holdings (0002), Hong Kong’s top electricity provider, has hired former Natixis SA banker Jonathan Tse to lead its dealmaking efforts.

Tse will join the century-old utility this month as group head of mergers and acquisitions, a spokesperson for CLP said Monday in an emailed response to Bloomberg News queries.

The banker had been with Natixis for more than six years and was most recently co-head of energy transition and natural resources for Asia Pacific, according to his LinkedIn profile. He was previously head of infrastructure and utilities for Asia at Deutsche Bankand also worked in JPMorgan.

CLP, backed by the billionaire Kadoorie family, was founded in 1901 and is one of Hong Kong’s two main electricity providers. The city accounted for about 60 percent of its revenue in 2023, while Australia contributed 38 percent, according to data compiled by Bloomberg.

The company has also invested in assets in China, Taiwan and Thailand. CLP said in its latest annual report that it has a strong commitment to decarbonization and to pursuing “diversified investment opportunities” in its overseas market. CLP has previously said it’s exploring options for its Melbourne-based EnergyAustralia unit, which dragged down its full-year earnings in 2023.

(Bloomberg)