George Soros is known as ‘The Man Who Broke the Bank of England’ because of his savvy investing strategy. These days it seems like he wants to be known as the man that saved England from financial ruin. Soros is warning the British government that if they follow the Brexit strategy and leave the European Union, the country could suffer dire financial problems. In a recent piece in the Guardian newspaper the billionaire investor said voting to leave the EU will cause disaster in the British currency and the stock market. Soros predicted the pound could lose 15% to 20% or even more of its value following the British government’s proposed Brexit strategy which is set to be put to a final vote soon.
George Soros went on to say leaving the 28-nation EU would lead to a severe downturn in living standards for people living in the United Kingdom. He predicts the value of the pound will drop further than it did 24 years ago on Black Wednesday. Brexit is a contentious issue for the Brits. David Cameron, the British Prime Minister, as well as many other influential people, have joined with Soros to encourage Parliament to vote no on the country’s plan to withdraw from the European Union. Soros and others have warned that future generations will pay a high price if the UK leaves the European Union.
George Soros | The New York Review of Books
How Billionaire George Soros Profited From Brexit’s ‘Black Friday’
The investment maven has a solid track record for predicting currency fluctuations. He made over $1 billion when his Quantum Fund said the British pound was overvalued compared to the German Deutsche mark using the European Exchange Rate Mechanism and the British government was forced to take the pound from the system.
This has made his opinion highly respected in investment circles. While the average Brits are evenly split about whether the country should remain in the EU, stocks around the globe were up based on rumors England would remain in the European Union.
Born in 1930 in Budapest, Hungary and educated at the London School of Economics where he earned BSc and MSc degrees, George Soros has a net worth in excess of $25 billion and is one of the world’s 30 richest people. A citizen of both Hungary and the United States, he’s chairman of both the Soros Fund Management and the Open Society Foundations. Soros is also advisor and founder of the Quantum Fund. The thrice married father of 5 is a business magnate, investor, author, and philanthropist whose investment opinions are widely respected.
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Sanjay Shah is the CEO of Solo Capital. It is an international boutique financial services company which has its headquarters in London, England; and regulated in the United Kingdom. It was incorporated in 2011, and is also known as Solo Capital Limited and Solo Capital UK. He did not start out as a businessperson. He went to King’s College to pursue medicine, but decided against it and instead became an accountant. His first job was at Marril Lynch. He has also worked at Morgan Stanley, Credit Suisse, ING and the Dutch bank Rabobank, when a financial crisis in 2003 brought an end to his career as head of training.
Nikhil, Shah and Usha’s son could not hold down food. When he was taken to hospital in Dubai, was put on a drip, and the doctors suggested that they take their son to a child psychologist to see if he had a behavioral disorder like autism or attention deficit disorder (ADHD). They took Nikhil to a child psychologist at Portland Hospital (one of London’s top women and children’s private hospitals) who confirmed that his food allergies were consistent with autism. When they returned to Dubai, The Dubai Autism Centre told them that Nikhil would not receive treatment until five years were up, because there was a very long waiting list. Shah could afford three full-time therapists to take care of his son on rotation.
Due to his medical background, Shah is more interested in finding the causes of autism, in addition to helping families with autistic children, which is why he founded Autism Rocks. This organization was formed, because as a trustee on the board of the Autism Research Trust, he could not over-step its mandate, but with his charity organization, he could organize concerts to generate donations and raise autism awareness.
While at the university, Shah spent lots of time and effort as a deejay running night clubs during the week, and it is this experience that enabled him to partner with Done Events in Dubai (his new business venture) thus organizing a Jazz festival called Blended; which took place on a weekend in May and targeted the over 40 demographic. This was after his idea to have a reggae festival was turned down.
At the moment, Sanjay Shah still supports the Autism Rocks Foundation and organizes many concerts to help children from all over the world and to create awareness and promote research on the same.
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The dropping fuel prices have left some countries in Latin America managing well than others according to a report published earlier in the year on The National. In Colombia and Mexico, they are oriented more to the free-market and hence they have not been left in a crisis due to the dropping oil prices due to their economic policies’ flexibility. These countries have a floating currency type of a system that allows them the chance of adjusting their economies accordingly when external shocks rock the world economy. According to David Osio, a financial advisor at Davos Financial Group, countries that do not have such economic and political systems that allow for flexibility will face a liquidity crisis.
Venezuela is one of the countries that has been affected by the dropping fuel prices as its systems are not flexible to adjustments and hence it is facing a liquidity crisis. This has created a negative spiral in the country which has affected its domestic economy and economies, thereby affecting its future guarantees. David opined that the decline in the prices of oil have a huge impact on the macroeconomic. Venezuela is suffering more than any other country as oil constitutes about 95% of all the exports it has and 50% in tax revenues. David Osio warned that this drop in oil prices would seriously impact the economy of Venezuela thereby affecting their ability to go on servicing its external debt.
About David Osio
David Osio is a proficient professional in the industry of financial services and is the current CEO of the Davos Financial Group. He focuses on delivering expert financial advisory and asset management services. Davos Financial Group serves a select clientele and is touted as the first comprehensive firm to offer financial advisory services in Venezuela. Prior to founding the Davos Financial Group, David Osio, was the Vice President Banco Latino International, Commercial Banking based in Miami. He supervised all the corporate departments, management of customer acquisitions and defining of market strategies.
He helped this company experience a significant growth in its portfolio to enable it gain a strong international position. He gained his leadership experience during his stint as the Director of Escritorio Juridico MGO, Caracas, Venezuela. He studied at Univesidad Catolica Andres Bello and graduated with a degree in Law (Hons) in 1988. He furthered his training at the New York Financial Institute and Instuto de Estudios Superiores Administrativos. Apart from Finance, he offers charity support to Wayuu Taya Foundation and the Children’s Orthopedic Hospital based in Venezuela.
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When Status Labs’ own reputation took a hit last year, a cooler head prevailed helping the online reputation and crisis management firm bounce back better than ever. Darius Fisher, owner and president of Status Labs recalled the last year in which an executive with the company made bad public decisions that negatively impacted the reputation of the whole firm.
Mr. Fisher took a novel team approach rebuilding the company’s reputation. His employees asked for the executive who caused the damage to resign, which he did. From that point on all employees of Status Labs, including the owner, started working with nonprofit organizations and charities. These actions helped raise morale almost instantly and helped flood the online media firm with positive feedback. He gave employees the option of bringing their pet to work. Mr. Fisher also started a monthly newsletter so that all employees will be informed of any company changes or new business.
Status Labs are now doing better than ever thanks to a close knit team of thirty employees who have handled their own in-house crisis better than ever and feel more equipped to understand what good online reputation repair and crisis management can do for their clients.
Mr. Fisher graduated with a bachelor’s degree in economics from Vanderbilt University and has been handling client’s online reputation and crisis management since 2012. At that time, he changed careers from working as a political consultant and copywriter. Mr. Fisher’s business, Status Labs, handles over a thousand clients in 35 countries. He has expanded to three offices. His original office in Austin, one in Sao Paolo, and another in New York.
Darius Fisher has built a great reputation helping clients worldwide by controlling negative issues and increasing the amount of positive press around that client. It is this “can do” attitude that has helped Status Labs grow in size and come back stronger than ever.
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