CLSA’s Japan Strategist Nick Smith Resigns During Exodus

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Or sign-in if you have an account.(Bloomberg) — Veteran Japan equity strategist Nicholas Smith has resigned from CLSA, according to a person familiar with the matter, the latest in a string of exits from the Chinese firm’s Tokyo operation.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountSmith joined CLSA in 2011, according to his LinkedIn profile, and is known for his weekly ‘Benthos’ strategy reports that focus on value-oriented investing in Japan. His departure comes as CLSA, a part of China’s Citic Securities Co., grapples with geopolitical tensions and rising competition for talent in Tokyo’s financial industry. Four senior bankers left the Japan business in quick succession earlier this year.Separately, former CLSA equity research analyst Leonard Yuta Bouhet joined Macquarie Group Ltd. in Tokyo this month to cover the energy transition and commodities sector, a spokesperson for the Australian firm said. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againA representative for CLSA declined to comment. CLSA, which Citic acquired in 2013, has lost a number of senior employees over the years as its culture clashed with its state-controlled parent group. Overseen by Chairman Zhang Youjun, Citic Securities has restructured CLSA’s senior management since long-time CEO Jonathan Slone left in 2019 and others followed him.Before joining CLSA, Smith worked at HSBC Holdings Plc, spent five years in hedge funds, and was global head of chemicals and oil at Jardine Fleming Securities. He has been covering Japanese equities for more than three decades.CLSA offers trading, research and asset management services in Japan. Stocks in the country are trading near record highs, fueled by the return of inflation, corporate governance reforms and enthusiasm for artificial intelligence-related shares. —With assistance from Momoka Yokoyama.(Updates with Bouhet’s move in the fourth paragraph)This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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