Posts in Category: Finances

With GreenSky, David Zalik sees big payoffs for big risks

The idea for GreenSky Credit came to the company’s founder, David Zalik, as he was working as a consultant with some of the biggest names in home improvement. Zalik had noticed that the companies with which he was working, including Lowe’s, Home Depot and Benjamin Moore, were losing tens of millions of dollars each year when customers ended up being presented with final project costs that wildly diverged from their own personal estimates. He realized that if someone could provide these customers with instantly approved loans at the point of sale, many of these deals could be pushed through.

But first, Zalik would need to convince both retailers and banks that his idea was viable. Before GreenSky could even get off the ground, he would need to convince bankers to loan him the money to launch the venture. Later, he would need to convince many of those same banks that the borrowers with whom he was connecting them were good prospects for extending large, instantly approved loans.

Going all in on an idea

But as Zalik visited bank after bank, he slowly came to the realization that the idea behind GreenSky was simply too radical for the conservative tastes of traditional bankers. For starters, he still needed to develop a loan-making interface that would serve a wide variety of clients and industries. Without a ready-made demo, he found it nearly impossible to even keep the interest of bankers throughout the length of a single meeting. Eventually, Zalik realized that he would either have to go begging for money through venture capital firms or else he would need to raise the capital himself through the liquidation of his large real estate holdings.

He wound up choosing the latter option. This would ultimately prove to be a great bet. Without any equity partners, Zalik retained full ownership in the company. And this ultimately would make him a billionaire. Today, GreenSky is worth an estimated $5 billion, making it one of the most prominent fintech companies in the world. And as the company considers an IPO, the windfall could make Zalik among the richest people in the world.

https://www.marketwatch.com/story/greensky-ipo-5-things-to-know-about-the-company-seeking-to-end-fintech-ipo-lull-2018-05-21

Wes Edens is a successful businessman and entrepreneur

Wes Edens is a great investor from the United States of America. He is renowned in the investment world for being one of the founders of Fortress Investment Group. Apart from being a partner and working at Fortress Investment Group, he has several sports teams. FlyQuest and Milwaukee are his teams. The talented entrepreneur is a graduate of Oregon State University. At the university, he pursued a degree in Business Administration and Finance. After his graduation, he launched his career by looking for a job and landed a position at Lehman Brothers. He worked at the company for more five years and was even promoted to become the managing director. Throughout his journey in entrepreneurship, he has learned a lot of things, and that is why he can successfully invest his money. He moved to work at BlackRock and worked there for four years gaining experienced and skills needed to run a large organization like Fortress Investment Group.

It is through the experience Wes Edens gained from these companies that he discovered he could start a company and even acquire more profits. He met a group of individuals like Randal Nardone who had similar goals, and they set to start a company that would later become a global one. They began Fortress Investment Group in 1998. They had the knowledge and skills on how to manage a startup. They used these skills and made the company successful. It has been growing under their leadership and has attracted customers from around the world. Formerly, it was a private equity firm, but in 2007 it became public and sold shares.

Since it became public Wes Edens has continued to work as the chairman, and he has helped the company in many ways. The company has sections like hedge funds, real estate and equity and they all went to the general public in 2007. Wes Edens is serving on the board of directors, and through his services, Fortress Investment Group is heading in the right direction. His ability to learn the market trends has helped Fortress Investment to be one of the best alternative asset management. That is why customers are happy with the services they get.

 

How Well Do You Know Anil Chaturvedi

The world of business has seen various transformations over years and certain pillars have been holding and giving the direction in which the business wave is to flow. When it comes to the banking field and professionalism, experienced people like Anil Chaturvedi have been on the forefront of making sure that the banking ethics are upheld.

Having been in the banking industry for more than 40 years, the renowned Anil Chaturvedi has a vast experience in private banking, investment banking and consequently commercial banking. He is a graduate of Meerut University, India with Bachelor of Arts with Honors in Economics. To add to his banking and economics knowledge, he went ahead and joined Delhi University in the School of Economics and received his Master’s Degree.

In his 4 decades in the banking industry, Anil Chaturvedi has served in various prestigious positions like being the Country Head at ANZ Grindlays Bank in New York City, in North America and also being the Branch Manager at the State Bank of India. Currently, he is serving as the Managing Director in the Private Banking for Hinduja Bank in Switzerland and Dominik Gyllensvard. In addition, he is the Founder and Managing Partner of Asian E-Commerce Alliance (AECAL).

AECAL primarily focuses on e-commerce where they make opportunistic investments in various sectors. Their portfolio companies are basically producers and not necessarily retailers. It controls the entire value chain of individuals and companies while mostly investing in founders who have worked and basically studied in the West but have moved back to India. AECAL educates them on pricing and branding which they have seen some improvements over time.

He has served as the Managing Director of investments at Merrill Lynch until mid-2011; he has also worked for over 18 years at BOA-ML specifically in the industrial finance. This was the largest wealth management bank in the world by the time.

Anil Chaturvedi has been focusing on Corporate Advisory branch in the banking sector where he facilitates partnerships between corporates in Europe and India. The arm facilitates mergers and acquisitions, raising capital and debt for those large projects. He is currently based in Geneva where he is working with other qualified teams of Hinduja Bank. He has brought his experience into the bank taking it to heights.

https://fms.almaconnect.com/alumni/company/state-bank-of-india

AvaTrade Review: Trading Education Services

AvaTrade was previously known as AvaFx broker review and it is prominent for among others, is facilities, astonishing reputation, and outstanding protection of its customers and their money. It was developed in 2006 and it serves more than 200,000 accounts globally. The company’s trading turnover is approximately 60 million USD per month according to a recent financial report from the company. AvaTrade Broker is Irish and it has its head offices in Dublin. Additionally, the company has offices in other cities including Tokyo, Paris, Milan, and Sydney.

 

AvaTrade Broker is supported and controlled by the Irish Central Bank which is the main regulator of financial brokers and institutions in the country. AvaTrade is also regulated by ASIC that maintains the safety and financial transparency of the broker company. AvaTrade also receives regulation aid from outside bodies including the FSA of Japan and the British Virgin Islands Financial Services Commission (BVI FSC) that operates internationally.

 

AvaTrade provides quality customer support services. The support services are found on the website and are available 24 hours a day in multiple languages including Italian, Japan, English, German, Portuguese, Spanish, Russian, and Chinese languages just to mention a few. The customer services are free. AvaTrade has several software services. These software services provide clients with many options to use. These software options include the Mac Trading, Web Trading, Meta Trade 4, and Ava Trader options. It also offers Android and iOS mobile apps thus making it easier for users to monitor their trades. AvaTrade also provides to its users the Multi-Account Manager (MAM) that is convenient for clients managing many trading accounts. The MAM account also enables a trader to have access to different clients’ information.

 

AvaTrade is a Forex trader focused on offering trading solutions to clients irrespective of their knowledge as well as experience in the trade. It provides more than 250 instruments to trade including CFDs on Commodities, Indices, ETFs, Cryptocurrencies, Bonds and more than 59 currency pairs. The educational services offered by the broker company are often developed so as to inspire clients and enhance their trading skills. The educational services include Trading Video Tutorials and Forex eBooks.

What Investment Banking Entails

Investment banking involves assisting individuals, government and corporations in several financial activities. The activities that an investment bank participates in raising capital by underwriting and issuing securities, provision of advice, market making and help in maximizing revenue, assistance in large and complicated financial transactions.

Is there any need to involve an investment bank?
Yes, one most important activity that these kinds of banks do is analyzing the market and giving the clients the best advice with consideration of the present state of global economic affairs. The investment bankers offer advice to insurance companies, mutual funds, unit trusts, hedge funds and private equity funds. During mergers and acquisitions or sales, the information may involve knowing the worth of a company and assisting in structuring a deal. They are also aware of the trends and thus, advise clients on the best way to plan development. They analyze credit risks such as bond issuance and loan syndication.

An investment bank is actively involved in trading securities for cash or other securities. The finances raised may be used for growth of the business and as capital. The investment bankers create documentation for Securities and Exchange Commission to companies that want to go public. Who are investment bankers? They are experts who work in investment banks and are involved in risk management, corporate strategy, technology, compliance, operations, financial control and technology. Martin Lustgarten is a successful investment banker who is a believer in international investments.

Martin Lustgarten’s success in investment banking.
As highlighted above, investment banking involves a lot of hard work and research and being ahead with what is trending in the economic world. Martin does research and spots trends before they start and this has helped him build a reputation as an investment banker and venture capitalist. He is currently working as a managing director at Henlux Inc where he is involved in managing and directing the daily operations of the company.

Martin Lustgarten has worked as cash and investment manager at Cisneros group of companies. He has managed and formed businesses in Hongkong, Venezuela, Panama and Singapore. Martin is a philanthropist and an entrepreneur who spreads his wealth in different countries. He acquired a Bachelors Degree in Engineering from Universidad Metropolitana. The successful investment banker is a citizen of Austria and Venezuela.

Lustgarten is also active on Social Media, especially Soundcloud and Instagram.