Hong-Kong based CLSA's structured products operations will remain unaffected after its sale to China's largest brokerage by market value.
Beijing-based Citic Securities will be purchasing Credit Agricole's Asian CLSA unit for US$1.25bn.
Citic announced the completion of the 19.9% stake in the brokerage for US$310.3m while the remaining 80.1% is to be completed for US$941.7m, pending regulatory approval.
A spokeswoman for the world's most highly rated independent equity brokers and financial services groups said that its structured products operations will be retained in its current structure with Fraser Howie and John Bird continuing to run CLSA's listed derivative and synthetic equity departments, reporting to global head of trading and execution, Andy Maynard.
"There will be no changes to [CLSA's structured products] division nor structure nor counterparty for the foreseeable future," she added.
Citic will be using its latest acquisition to develop cross-border business through Citic International, the state-owned company said in a statement.
Credit Agricole, which has seen its stock plummet 26% this year, is cutting costs ahead of new regulator-mandated capital requirements and plans to complete the sale by mid-2013.
CLSA was majority owned by Credit Agricole with the remaining 35% held by staff.