Anil Chaturvedi began working for Hinduja Bank in 2011 as its Managing Director and would oversee its corporate advisory division. His effort has spun the bank’s restructuring policies, global image, banking division, acquisition, and attraction of investors. Mr. Chaturvedi attributes his success as a banking executive to his four decades of experience in the commercial, investment, and private banking.
Mr. Anil Chaturvedi joined Meerut University, India in 1970 and graduated with honors in Bachelor of Arts in Economics in 1973. Later on, he entered the Delhi University School of Economics for his MBA in Financial Management. Anil began his career at the State Bank of India as a managerial staff in the Planning and Development department and held this position from 1987 to 1991. Mr. Chaturvedi was responsible for overseeing Hinduja Bank’s marketing strategy and was instrumental in helping the bank reap $500 million worth of revenue within four years. In fact, he was once recognized as Man of the Year for his excellence and service in the banking sector.
Anil Chaturvedi resigned from ANZ Grindlays Bank and joined Hinduja Bank as the head of operations and corporate Vice President in 2011. Besides, Anil was a senior representative of ANZ Grindlays Bank’s US operations. Mr. Chaturvedi was instrumental in helping the bank create a lucrative portfolio until his exit in 1993. Anil Chaturvedi is a native of India but has spent much of his time practicing in New York-based banks.
Mr. Chaturvedi left ANZ Grindlays Bank in 2011 and took over as the Managing Director of Merrill Lynch in the same year. Merrill Lynch is a global banking venture headquartered in New York. Mr. Chaturvedi’s achievements at Merrill Lynch include crafting solutions for private banks in India and creation of personalized investment plans for high-net-worth individuals. He also once served as a top advisor of a prestigious wealth management firm in India. Mr. Chaturvedi has held the position of Hinduja Bank’s Managing Director from 2011 to date. Under his tenure, the bank leveraged its corporate alliances to penetrate international banking markets. Mr. Chaturvedi has spearheaded the bank’s mergers and acquisitions throughout India, the US, and Europe.
In these modern times, we have seen tightened lending criteria from banks and other lending institutions. Equities lending, on the other hand, has come as an aid to those people who need to borrow capital and cannot qualify the standards set by banks. Banks have made borrowing difficult by implementing one of the following criteria; First, banks have increased interest rates for people wishing to borrow and don’t qualify. Second, banks have tightened loan qualifications. Finally, one needs security to acquire a loan. Equities First Holdings has designed an innovative way of giving borrowers the fund they need. They offer loan that is collateralized by stocks.
One advantage of this kind of a loan is that it offers a higher loan-to-value ratio compared to margin loans. Secondly, it offers a constant interest rate, therefore, ensuring the borrower has certainty during the whole period of the transaction. For instance, consider a three-year loan term. During this time, market fluctuation will occur. The good thing about stock-based loans is that the investment risk will be lowered to the downside market. Both margin loans and stock-based loans have differences and similarities as they require securities for collateral. On the other hand, for margin loans, you must be pre-qualified, and the loan may require you to use the money for a specific purpose. When it come to the interests rates, they may vary, and loan to value ratios may be between 10-50 percent. Additionally, the lending firm has an option to liquidate any collateral without warning. The good thing about stock-based loans is that they have no restrictions and have a lower interest rate of around three to four percent. Loan to value ratios ranges between 50-75 percent. Another good thing about this loans is that they are non-recourse, meaning that the borrowers can walk away without obligation.
Equities First Holding is a company that specializes in alternative finance solutions for its customers. The company does this by using publicly traded stock as security. The company was established in 2002. Over the years, the company has conducted around 650 transactions with a net value of $1.4.
Equities First holding has offices in nine countries. Some of its well-known subsidiaries include Equities First London; Equities First Holdings Singapore limited as well as Equities First Holdings Australia and Hong Kong.
George Soros will go down to history in this year’s American presidential race as the top most sponsor in the campaigns. He is prepared to spend an enormous amount on the campaign since he did it last in 2004 when he supported the groups that wanted to oust the then president George Bush. HE is supporting Hillary Clinton this time and is not leaving anything to chance to ensure that she wins. He revealed to a supporter of Clinton the regrets not supporting her in the 2004 race. He, however, say that this years’ presidential race reminds him of the presidential campaigns of the year 2008.
It gives him the right to say and comment whatever he feels is right for him and to the general public. He is a Hungarian-born, but various issues made him land in America. The Nazi invasion made him escape to England where he would earn his education and graduate from Law School of Economics in London. He learnt so much experience in the business industry, and when he landed in America, he began his business which has turned out to be the most fruitful and profitable.
Forbes billionaire George Soros has always been philanthropic towards the right course. He started helping out blacks in Cape Town to be able to attend University education through the foundation. He never tired, and he went ahead and funded an organization that is operating over 100 countries globally known as Open Society Foundation. The foundation is a group of the foundations that has networks ensuring that free societies are bred in the world.
Open Society Foundation advocates for a free society where people should be treated equally; the government should be always involved, and the truth is open to all not to a few with what is happening in the society. Soros is willing and has already started signs of supporting Clinton as he has already donated $ 8 million US dollars to his campaign. He views Clinton as the leader who can bring some sense to the society as it reminds him how he didn’t support Clinton’s campaign by then and supported Obama. He reveals that he is willing to work with Clinton as long as he is given the chance. All that is important is the welfare of the people of the state. His humble beginnings remind him to serve the people better. That is the reason he is ready to support a leader who will promote business in the world so that markets can be stable.