Sanjay Shah was born in London to immigrant parents. His parents had immigrated to the United Kingdom from Kenya in the 1960s in search of a better life for their family. Shah pursued this dream by starting medical school at King’s College. Before long, he realized that medicine was not for him so he switched to accounting. After graduating, Shah worked at KPMG as a trainee chartered accountant. He then moved into investment banking and worked for companies like Rabobank, Credit Suisse, Morgan Stanley, ING and Merrill Lynch.
In 2009, many people were let go because of redundancy during the recession, Shah was among them. Shah did not want to look for another job. He had no desire to continue the long commute from home to work everyday. He also did not want to work the long hours that a job required when he knew he could do the work in less. Shah decided to start his own firm, Solo Capital. The firm is also known as Solo Capital Markets, Solo Capital UK and Solo Capital Limited.
The firm is controlled by Shah’s Solo Group Holdings, which is controlled by Shah’s Aesa S.a.r.l. The firm is headquartered in London and the United Kingdom regulates it. Solo Capital was incorporated in 2011 and the only employees were Shah and a few traders and graduates. The firm quickly grew and an office was opened in Dubai, where Shah now lives with his family. As of March 2015, the firm had a cash flow of 30 million pounds, assets equal to 67 million pounds and a net worth of 15 million pounds.
The firm offers specialized services in 3 different areas. The first area is proprietary trading, which includes commodities, FX and derivatives. The second area is consulting, which includes human capital, performance and investment. The third area is professional sports investments, which includes commercial advisory and representation, asset and performance management and talent acquisition.
The firm and Shah’s other investments have made him a net worth of 280 million dollars. Shah owns over 35 companies around the world. These companies are in the United Kingdom, the British Virgin Islands, the Cayman Islands, United Arab Emirates, Luxembourg and Malta.
Last year was its first year and it successfully brought in several thousand people to see acts like Joss Stone and Aloe Blacc. Shah is also heavily involved in philanthropy and even founded his own charity, Autism Rocks.
Check out Solo Capital on LinkedIn