# Prof. Roy Smith on Cantor Fitzgerald's plan for growth

1 Faculty News January 10, 2013 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2013-01-10/cantor-growth-plan-spuuters-as-41-of-touted-hires-exit.html) -- "'It’s very difficult to turn a bond house or an equity-trading house into an investment bank unless you’re playing with big money,' said [Roy Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), a finance professor at New York University’s Stern School of Business and a former Goldman Sachs Group Inc. (GS) partner in charge of that firm’s London office."

[Read more](http://www.bloomberg.com/news/2013-01-10/cantor-growth-plan-spuuters-as-41-of-touted-hires-exit.html)