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Professor Roy Smith is interviewed about CLSA Ltd.'s move to diversify its business model

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Excerpt from Bloomberg -- "It makes sense for CLSA to reduce its reliance on institutional broking, but success in areas like asset management isn’t guaranteed, said Roy C. Smith, emeritus professor of management practice at New York University’s Stern School of Business. 'Whether they can pull this off depends on the firm’s ability to execute a major business and cultural transformation,' he said."

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