Chapter 571
Life is to be filled with a sense of ceremony. In Zurich these days, Li Zitao's daily life is full of a sense of royal ceremony.
It's not Mary's intention. It's the atmosphere here.
In the 1930s, they could not get rid of the nobility and ritual atmosphere, and their identities were not ordinary.
No matter where they live or where they go, they will offer the best service in order to make an impression on them.
"Boss, Mr. togenberg of UBS is here." The next morning, Li Zitao was in bed enjoying breakfast with his wife. EVA came in from the door.
"Please wait in the reception hall!" Putting the plate back on the dining car, Li Zitao walked to the living room in his pajamas.
When he saw togenberg, Li Zitao still couldn't believe that the shy man, less than 170cm in height, would be the most famous bank magnate in Switzerland.
"Mr. Li, UBS is absolutely the best bank in Switzerland, and there will never be a better financial institution in the world.
after all, the banking act here determines that we can conceal all information for our customers, whatever it is."
The "Banking Act" passed in Switzerland in 31 years shows that banks can keep all information of customers confidential, which is the reason why Swiss banks have developed rapidly.
At present, only Luxemburg is the only one that has implemented similar laws in the world. However, compared with UBS, which has been developing for more than a century, it is only in its infancy.
Besides, Li does not want to leave the family foundation to someone familiar with it.
"There is no doubt about the reputation and professionalism of Ruilian, but... In terms of asset management, it seems that you are not good enough." Li Zitao said, sitting on the sofa at will.
"Yes, but that doesn't mean that we are not good enough. We just lack the right opportunities. If we are lucky enough to manage your family fund, I think people will soon change that view."
Torgenberg did not deny this. In terms of confidentiality and deposit taking, UBS is second only to Deutsche Bank in Europe.
This bank, which is very low-key abroad, is rich and influential. Behind it is the Rothschild family, a financial dynasty that cannot be ignored in Europe.
With its own influence, complex network and professionalism, Deutsche Bank has always been a leader in asset management and the first choice of the rich.
To tell you the truth, even togenberg was surprised to learn that Li Zitao wanted to hand over the family foundation to Ruilian.
No matter whether Li Zitao really has this plan, or uses Ruilian to pressure other banks to achieve his goal.
Togenberg did not want to give up the opportunity, an opportunity to prove to the rich that UBS is no worse at asset management than any bank.
"Your management fees?" Management fee is a problem that Li Zitao is more concerned about.
The money involved in this is not a trivial profit, but a huge profit that may be in the millions every year and will rise to tens of millions in the future, lasting for several centuries.
"Six percent." Togenberg showed his sincerity.
6% of the annual profit is about the same as that of Ruilian, and the banks and management companies that can compete with each other can charge at least 9% of the points.
Three points less, Ruilian will lose millions of dollars a year.
"Five percent." Although Ruilian is sincere enough, if you don't make a price, you always feel that you are losing money.
"Mr. Li, 6% is the biggest sincerity of Swiss Union. As the most influential banker in North America, you should know that very well."
Torgenberg heard that his bargaining was not urgent and did not make a fuss, but only showed the position of Ruilian. 6% was the minimum standard they could accept.
"In the future, my family fund assets will exceed 10 billion. Do you still think so now?" Li Zitao looked at him indifferently.
If you let him back with a word, he might as well not speak before.
At 5%, togenberg finally agreed with his request, but also put forward the request of Ruilian in terms of contract.
In the case of Ruilian not causing serious losses to the foundation, Li Zitao shall not change the management at will.
This is to give up short-term interests and prepare to be the management of the foundation.
Li Zitao has no opinion about this. He originally wanted to hand over the foundation to a third party, and he wanted to have no relationship with his industry or other institutions.
Under such conditions, there will be no more suitable institution in the world than Swiss Union.
The agreement was signed very quickly. It seemed that Ruilian was afraid that he would change his mind suddenly. All the necessary documents were ready the next day.
After signing the agreement, the foundation will change its registered place to Switzerland as soon as possible, but its main body and office will still be located in North America.
There's no need for him to worry about this. Ruilian's New York branch will take care of it.
The last thing to do in Switzerland is done, and this is the end of the trip.
If you don't have this service, I'm sorry for the price.Flying back to Los Angeles from Switzerland, the new year was not so grand, nor was there so much food, gifts and phone calls.
Instead, Li and Mary felt relaxed and stayed with their families, skiing, sightseeing, shopping, enjoying the free air and holidays.
Back in Los Angeles, Mobil standard oil's lead is not over.
Because it is actively promoting various kinds of information, such as stopping the original production increase plan of the northern gas field and announcing that the small oil group discovered in Oman will not be developed for the time being.
The news is a few happy, a few sad, Oman, this big family is very sad.
Aman was envious for a long time when his brother next door discovered the northern gas field. Now that he has found the gas field in China and can have money, he is suddenly told to suspend development.
This is a little uncomfortable for Oman. The chief made a special phone call to discuss this matter with Li Zitao, which means that oil must be developed now.
"This is a decision made after analyzing the international market without paying the standard. At present, there is an oversupply of oil and gas. To develop new oil fields and increase production will only make oil prices fall."
Before answering the phone, Li Zitao communicated with AVA and think tanks on this issue.
Mobil standard oil is afraid of the production process, causing oil prices to fall.
Now Mobil standard oil is the world's largest oil and gas supplier. If the oil price drops, who can lose more than them.
If the economic impact leads to a more serious slump, they, the shareholders who have just celebrated for a short time, should hold together and cry bitterly.
Therefore, when the chief said that he could not understand that the people of Oman needed a better life and that he did not want to take care of the subsequent effects, Li Zitao's performance was not so polite.
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It's not Mary's intention. It's the atmosphere here.
In the 1930s, they could not get rid of the nobility and ritual atmosphere, and their identities were not ordinary.
No matter where they live or where they go, they will offer the best service in order to make an impression on them.
"Boss, Mr. togenberg of UBS is here." The next morning, Li Zitao was in bed enjoying breakfast with his wife. EVA came in from the door.
"Please wait in the reception hall!" Putting the plate back on the dining car, Li Zitao walked to the living room in his pajamas.
When he saw togenberg, Li Zitao still couldn't believe that the shy man, less than 170cm in height, would be the most famous bank magnate in Switzerland.
"Mr. Li, UBS is absolutely the best bank in Switzerland, and there will never be a better financial institution in the world.
after all, the banking act here determines that we can conceal all information for our customers, whatever it is."
The "Banking Act" passed in Switzerland in 31 years shows that banks can keep all information of customers confidential, which is the reason why Swiss banks have developed rapidly.
At present, only Luxemburg is the only one that has implemented similar laws in the world. However, compared with UBS, which has been developing for more than a century, it is only in its infancy.
Besides, Li does not want to leave the family foundation to someone familiar with it.
"There is no doubt about the reputation and professionalism of Ruilian, but... In terms of asset management, it seems that you are not good enough." Li Zitao said, sitting on the sofa at will.
"Yes, but that doesn't mean that we are not good enough. We just lack the right opportunities. If we are lucky enough to manage your family fund, I think people will soon change that view."
Torgenberg did not deny this. In terms of confidentiality and deposit taking, UBS is second only to Deutsche Bank in Europe.
This bank, which is very low-key abroad, is rich and influential. Behind it is the Rothschild family, a financial dynasty that cannot be ignored in Europe.
With its own influence, complex network and professionalism, Deutsche Bank has always been a leader in asset management and the first choice of the rich.
To tell you the truth, even togenberg was surprised to learn that Li Zitao wanted to hand over the family foundation to Ruilian.
No matter whether Li Zitao really has this plan, or uses Ruilian to pressure other banks to achieve his goal.
Togenberg did not want to give up the opportunity, an opportunity to prove to the rich that UBS is no worse at asset management than any bank.
"Your management fees?" Management fee is a problem that Li Zitao is more concerned about.
The money involved in this is not a trivial profit, but a huge profit that may be in the millions every year and will rise to tens of millions in the future, lasting for several centuries.
"Six percent." Togenberg showed his sincerity.
6% of the annual profit is about the same as that of Ruilian, and the banks and management companies that can compete with each other can charge at least 9% of the points.
Three points less, Ruilian will lose millions of dollars a year.
"Five percent." Although Ruilian is sincere enough, if you don't make a price, you always feel that you are losing money.
"Mr. Li, 6% is the biggest sincerity of Swiss Union. As the most influential banker in North America, you should know that very well."
Torgenberg heard that his bargaining was not urgent and did not make a fuss, but only showed the position of Ruilian. 6% was the minimum standard they could accept.
"In the future, my family fund assets will exceed 10 billion. Do you still think so now?" Li Zitao looked at him indifferently.
If you let him back with a word, he might as well not speak before.
At 5%, togenberg finally agreed with his request, but also put forward the request of Ruilian in terms of contract.
In the case of Ruilian not causing serious losses to the foundation, Li Zitao shall not change the management at will.
This is to give up short-term interests and prepare to be the management of the foundation.
Li Zitao has no opinion about this. He originally wanted to hand over the foundation to a third party, and he wanted to have no relationship with his industry or other institutions.
Under such conditions, there will be no more suitable institution in the world than Swiss Union.
The agreement was signed very quickly. It seemed that Ruilian was afraid that he would change his mind suddenly. All the necessary documents were ready the next day.
After signing the agreement, the foundation will change its registered place to Switzerland as soon as possible, but its main body and office will still be located in North America.
There's no need for him to worry about this. Ruilian's New York branch will take care of it.
The last thing to do in Switzerland is done, and this is the end of the trip.
If you don't have this service, I'm sorry for the price.Flying back to Los Angeles from Switzerland, the new year was not so grand, nor was there so much food, gifts and phone calls.
Instead, Li and Mary felt relaxed and stayed with their families, skiing, sightseeing, shopping, enjoying the free air and holidays.
Back in Los Angeles, Mobil standard oil's lead is not over.
Because it is actively promoting various kinds of information, such as stopping the original production increase plan of the northern gas field and announcing that the small oil group discovered in Oman will not be developed for the time being.
The news is a few happy, a few sad, Oman, this big family is very sad.
Aman was envious for a long time when his brother next door discovered the northern gas field. Now that he has found the gas field in China and can have money, he is suddenly told to suspend development.
This is a little uncomfortable for Oman. The chief made a special phone call to discuss this matter with Li Zitao, which means that oil must be developed now.
"This is a decision made after analyzing the international market without paying the standard. At present, there is an oversupply of oil and gas. To develop new oil fields and increase production will only make oil prices fall."
Before answering the phone, Li Zitao communicated with AVA and think tanks on this issue.
Mobil standard oil is afraid of the production process, causing oil prices to fall.
Now Mobil standard oil is the world's largest oil and gas supplier. If the oil price drops, who can lose more than them.
If the economic impact leads to a more serious slump, they, the shareholders who have just celebrated for a short time, should hold together and cry bitterly.
Therefore, when the chief said that he could not understand that the people of Oman needed a better life and that he did not want to take care of the subsequent effects, Li Zitao's performance was not so polite.
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