Shyam Maheshwari – The financial expert comments on the fragility of banks with reference to Silicon Valley Bank
Mr. Shyam Maheshwari is the founder of Nextinfinity Management Pte Ltd , a Singapore-based Family Office focused on long-term strategic investments to help entrepreneurs along their path. Shyam Maheshwari is also a co-founder of SSG Capital Management, one of Asia-Pacific’s major special circumstances and credit-focused investment firms. Shyam Maheshwari’s newest post reflects on the fragility of banks and what happened to Silicon Valley Bank. The demise of Silicon Valley Bank (SVB) has recently dominated the news. Shyam Maheshwari make a case for the need for such an institution without getting into the history of why this happened and how it could have been avoided. “Surprisingly, only 10 days ago, when asked where I see prospects in Asia, I indicated that an Asian counterpart of Silicon Valley Bank is needed. Since the death of SVB, the mocking emoticons I received from him on WhatsApp were reasonable. It’s ironic that the inspiration for my suggestion has turned out to be despera