Anil Chaturvedi is a seasoned banker with a flourishing career spanning over four decades. Anil graduated with a Bachelor of Arts degree Honors in Economics from Meerut University in 1971 then proceeded to the Delhi School of Economics where he received his M.B.A. Anil’s professional career includes prestigious roles that include serving as the Branch Manager at the State Bank of India between 1987 and 1991, to VP and Senior Representative at ANZ Grindlays Bank until 1993. He then transitioned to Merrill Lynch Wealth Management, a wealth management branch of the Bank of America where he worked for nearly two decades.
During his tenure at Merrill Lynch, Anil served as a broker handling assets worth as much as $1 billion. For nearly two decades, he managed over 300 customer accounts who were primarily Indians professionals and business people in the US and India. He assisted clients set up offshore trust accounts in the guise of corporate names or confidential accounts that didn’t reveal the clients’ details. His successful run at Merrill Lynch notwithstanding, Anil got into some legal entanglements that eventually forced him out. He was accused of breaching anti-money laundering laws by not informing his employer about potentially doubtful funds transfers relating to clients’ accounts. According to a Financial Industry Regulatory Authority (FINRA), Anil agreed to pay a $60,000 fine followed by an 18-month suspension from America’s securities trade.
Presently, Anil serves as the Managing Director in Private Banking for Hinduja Bank Switzerland. Hinduja Bank Switzerland was launched as a finance corporation in 1978 and later on became a Swiss regulated bank. The bank has headquarters in Geneva and has other offices in New York City, Paris, Dubai, Chennai, and London. Anil has since bounced back from his legal troubles and repaired his professional reputation. Presently, he specializes in private, investment, and commercial banking and corporate advisory business with a keen focus on cross-border transactions between India and Europe. Anil recently participated in a plenary session dubbed “Investment Opportunities for European Businesses in India” where he surmised that initiatives, like Make in India, make the subcontinent ripe for growth. Anil Chaturvedi has proven himself and is set to make a remarkable impact at Hinduja Bank.