Solo Capital Markets is a boutique financial services corporation that handled just under £68 million in assets by March of 2015, with an excess of £30 million in cash flow. This may sound like just another successful boutique financier but when you learn that the firm only began in 2009, the members become that much more impressive. Solo Capital did start as a solo mission, a mission of one man, Solo Capital Markets CEO, Sanjay Shah.
Sanjay Shah began his education at King’s College as a medical school student, but deciding part way through that it wasn’t a track he’d enjoy he changed directions in a sharp pivot and became an accountant. Yet that financial background would be the solid footing upon which he would once again career pivot and go into investment banking. Going to work first for Merrill Lynch, then to ING, Dutch Bank, Credit Suise and lastly Morgan Stanley he came up through the trenches of every major bank in Europe. He learned the financial services market from the ground up from the best firms in the continent, only to find himself unemployed after the crash settled in 2009. It was then he went “solo” and opened Solo Capital Markets.
By the end of March 2011 Shah had taken home over £19 million in earnings and he went forward to open over another three dozen companies spanning over England, Dubai, Luxembourg, The Cayman Islands, The British Virgin Islands, and Malta. Later that year he opened one of those businesses with the head of Solo’s foreign exchange, Mankash Jain, who had come over previously from Barclays. Today, there are two managing firms that have control over Solo Capital Markets, Solo Capital Partners, and Solo Group Holdings. Today Shah considers himself “retired” and spends most of his time involved in philanthropic pursuits.
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