Anil Chaturvedi is a banker with over forty years of experience in the banking industry. Anil has been able to build for himself a strong reputation in the industry for those years. In his career, Mr. Chaturvedi has worked with many banking and financial organizations. Working in these organizations has enabled him to gain the required experience in the field of banking. The banker currently uses these experiences to help him offer the best financial insights to his clients. Presently, he provides banking and economic advisory services to banks and multiple companies. His specialization is on private banking, investment banking, corporate advisory services as well as commercial banking.
Anil started working with the State Bank of India immediately after he finished his business administration master’s degree. He served as the marketing and business development manager at the bank. While at the bank, he assisted the State Bank of India’s New York Branch to create substantial business adding up to $ 500 million within four years. The bank awarded him the ‘Man of the Year title after this contribution. Chaturvedi left the State Bank in 1991 and later joining Anz Grindlays as its US Operations’ vice president. He worked for some few years at the ANZ Grindlays before moving to Merrill Lynch where he worked for 17 years. It was during his stay at the Merrill Lynch that Chaturvedi experienced his golden moments in his career. He not only gained more experience in the banking field but also went up the top ranks within the international banking industry working with international banks.
Presently, Anil Chaturvedi serves at the Hinduja Bank in Geneva, Switzerland since 2011. He is the managing editor and director of the bank. Chaturvedi has helped the bank through his experience and efficient marketing strategy thus making the Bank more popular. Moreover, Anil has put more effort into encouraging more business with the Indians that live in Europe. Since the Indian trade laws have undergone some reforms to become flexible, Mr. Chaturvedi is trying to bring more European investors into India. According to Mr. Chaturvedi, perseverance and hard work are the major factors that have seen him grow in the banking industry.
We have so many companies today that promise fantastic and profitable results that turn out to be duds. One of the few trusted authorities today that evaluate the worth of companies’ products is Kerrisdale Capital’s Sahm Adrangi. His recent analysis today involves the short position and negative report that Kerrisdale Capital has over Proteostasis Therapeutics, Inc.
On March 20, 2018, it was announced in PR News Wire that Kerrisdale Capital placed a short position on Proteostasis Therapeutics, Inc (PTI) because of its reputation of seemingly hiding important negative information under the rug, in an effort to hide its incompetencies.
PTI right now is still in its developmental stage, but the high rise of over 187% in its market value is putting Kerrisdale in a position to judge it as questionable. PTI is currently a biopharmaceutical company that is developing the PTI-428 drug, but its rise to the high percentage right after FDA granted its drug the Breakthrough Therapy and Orphan Drug recognition seems to be dodgy.
In Kerrisdale’s analysis, this rise in market value could just be a plain result of an unjustified hype. There’s a lot of signs showing that PTI-428 is likely going to be ineffective, and such assessment could put its value down. There’s also a pattern of low-quality data and troubling issue of burying information in the PTI, and this is something that Kerrisdale finds difficult to overlook.
Sahm Adrangi’s Reputation
We should also know a bit more about Sahm Adrangi reputation himself to assess how credible his take is on the assessment. First of all, Sahm Adrangi is the Chief Investment Officer of Kerrisdale Investment. His current skill set was refined first when he was studying BA in Economics at Yale University. He also worked for Deutsche Bank as a non-investment grade bank debt officer, and it was there that he was able to learn how to accomplish successful debt refinancings to companies.
Sahm Adrangi’s known investment style is mostly value-oriented, and he is a generalist in his area of expertise. With Mr. Adrangi’s help, Kerrisdale Capital continues to be a fundamentally-oriented investment manager that handles about $300 million of combined assets across a variety of investment communities.