CLSA Japan Strategist, Nicholas Smith has ranked No.1 for Japan strategy in Asiamoney’s Brokers Poll four years running, from 2013 to 2016. He writes a popular weekly strategy report called Benthos, whose name means the creatures that live at the bottom of the sea – reflecting a value-oriented and activist slant to the market as well as his passion for deep diving. Nicholas has been in Japan since 1987, and has been covering Japanese equities since 1990. He first came to Japan as British Universities and Royal Navy & Royal Marines judo champion, before joining Jardine Fleming Securities in the tumult of 1990. During his 10 years there, he ranked No.1 in the chemicals & oil sector and was head of the global oil & chemicals team. He then worked for four years in hedge funds, making investments across all sectors. Nicholas joined CLSA in 2011. He has a BSc in Physics from London University and is fluent in Japanese.