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.
Kodak has been facing a lot of problems recently and their new KodakOne and KodakCoin do not appear to be what will save the company. A negative report on the future of the company and these products was recently issued by Kerrisdale Capital Management and their founder Sahm Adrangi and it has gotten a lot of attention. Sahm Adrangi has predicted the failure of companies before with a shocking degree of accuracy. He has a keen eye for spotting sketchy business practices and reading between the lines. His predictions fro Kodak Eastman Company are no different.
Kodak recently announced that they are jumping on the cryptocurrency and blockchain bandwagon and many investors jumped on the opportunity causing their stocks to skyrocket. This effect was only temporary and Kodak Eastman quickly saw their stock prices drop to very close to what they were before they had gone public with their plans. The world of cryptocurrency and blockchain technology is very new and misunderstood by many people, Sahm Adrangi believes Kodak is using this to get the attention and money of investors knowing that the products will not go anywhere.
Sahm Adrangi sees many problems with Kodak’s new proposed digital currency and licensing system that range from legal to technical. One of the most obvious ones appears to be with KodakCoin and the fact that photographers just do not want it. The KodakOne system is integrated with KodakCoin and will supposedly compensate the artists whose work is being used unlicensed with their KodakCoin cryptocurrency and it’s not very likely that many people will be interested in this form of payment. Besides this problem, there appear to be many technological roadblocks that will come up while these products are being developed and Sahm Adrangi doesn’t think it is very likely that Kodak will be able to release a working version of these products as promised. One of the most concerning issues behind KodakCoin and KodakOne is the business practices that have been taking place both within Kodak and their partner company for the products Wenn Digital.