Chapter 0588 Agreement with Ruilian
Life must be full of ritual. In Zurich these days, Li Zitao's daily life is full of royal ritual.
This is not what Mary deliberately does, but what the atmosphere here is.
In the 1930s, they could not escape the weight of the nobles and the atmosphere of rituals, and their identities were not ordinary.
No matter where you live or where you go, the other party will provide the best service to make an impression in their hearts.
"Boss, Mr. Togenberg of the United Bank of Switzerland has arrived." The next morning, Li Zitao was enjoying breakfast with his wife in bed, and Ava walked in from outside the door.
"Please wait in the living room!" Putting the dining plate back on the dining cart, Li Zitao walked towards the living room in his pajamas.
When Li Zitao saw Togenberg, he was a little unbelievable. The shy man in front of him who was less than 170cm tall and looked shy would be the most famous banking giant in Switzerland.
"Mr. Li, United Bank of Switzerland is definitely the best bank in Switzerland, and there will never be any better financial institutions in the world,
After all, the banking bill here decides that we can withhold all information for our clients, whatever it is.”
The Banking Act passed by Switzerland in 31 years shows that banks can keep all information about their customers confidential, which is also the reason why Swiss banks are developing rapidly.
Currently, only Luxembourg has implemented similar bills around the world. Compared with the Swiss United Bank, which has developed for more than a century, it is only just starting out.
Besides, Li Zitao didn't want to hand over the family foundation to someone familiar with him to take care of.
"Rui Lian's credibility and professionalism are beyond doubt, but... in terms of asset management, you don't seem to have performed well enough." Li Zitao said casually on the sofa.
"Yes, but that doesn't mean that SUU is not good enough. We just lack the right opportunity. If you are lucky enough to manage your family fund on your behalf, I think people will change that soon."
Togenberg did not deny this, and SUV is second only to Deutsche Bank in Europe in terms of confidentiality and reserve absorption.
This bank is very low-key outside, but is actually rich enough to rival a country. Behind it is the financial dynasty that cannot be ignored in Europe and the Rothschild family.
With its own influence, complex relationship network and professionalism, Deutsche Bank has always been a leader in asset management and is also the first choice for the rich.
To be honest, even Togenberg himself was surprised when he learned that Li Zitao wanted to hand over the family foundation to Ruilian for management.
Whether Li Zitao really has this plan, or uses Ruilian to put pressure on other banks to achieve his goals.
Togenberg didn't want to give up this opportunity, an opportunity to prove to the rich that Ruilian is no worse than any bank in asset management.
"What are your management fees?" Management fees are a question that Li Zitao is more concerned about.
The money involved here is not a small profit that is optional, but may be millions a year, and will rise to tens of millions in the future, continuing the huge profits for centuries.
"6 percent." Togenberg showed Ruilian's sincerity.
6% of the annual profit is equivalent to Ruilian's scale and can compete with banks and management companies, and the points collected by banks and management companies are at least 9%.
With 3 points less, Ruilian will lose millions of dollars every year.
"5%." Although Ruilian is very sincere, if he doesn't make a profit, he always feels like he's losing money.
"Mr. Li, 6% is Ruilian's greatest sincerity. As the most influential banker in North America, you should be very clear about this."
Togenberg heard his bargaining without any haste, but only showed SUV's position, 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 calmly.
If he was asked to say something, he might as well not speak before.
5% of all, Togenberg finally agreed to his request, but also put forward the requirements of Ruilian in terms of contract.
Without causing serious losses to the foundation, Li Zitao is not allowed to change the management party at will.
Ruilian is going to give up short-term interests and prepare to remain the manager of the foundation.
Li Zitao had no objection to this. He originally wanted to hand over the foundation to a third party to manage it, and to have no connection with his industry or institutions itself.
Under such conditions, there will be no more suitable institutions in this world than Ruilian.
The agreement was signed very quickly, and Ruilian seemed to be afraid that he would suddenly change his mind, so he prepared all the required documents the next day.
After signing the agreement, the foundation will also change its registration location to Switzerland as soon as possible, but the subject and office location will still be located in North America.
He doesn't need to worry about this, Ruilian's New York branch will naturally handle it.
The last thing I did in Switzerland was done, and this trip should end here.
The various customized products you purchased will naturally be delivered to Beverly Manor after they are made. If you don’t even have this service, I’m really sorry for their price.
Flying back to Los Angeles from Switzerland, this New Year was not so grand, nor was there so many food, gifts and phone calls.
Li Zitao and Mary felt relaxed, staying with their family, skiing, watching the scenery, shopping, and enjoying the free air and holidays.
Back in Los Angeles, the popularity of Mobil Standard Oil has not yet passed.
Because it is actively promoting various information, such as stopping the original plan to increase production in northern gas fields and announcing that the small oil group discovered in Oman will not be developed yet.
These news is that some families are happy and some are sad, while Oman's family is very worried.
When the brother next door discovered the northern gas field, Oman was jealous for a long time. Now he finally found it in China and could make money, but he was suddenly told to suspend development.
This made Oman feel a little uncomfortable. The chief called Li Zitao to discuss this matter, and the words were all the same, oil must be developed now.
"This is a decision made after analyzing the international market. Now that the supply of oil and gas is over, developing new oil fields to increase production will only cause oil prices to fall."
Before answering the phone, Li Zitao and Ava and the think tank communicated with each other about this issue.
Mobil Standard Oil is afraid of the production capacity process, causing oil prices to fall.
Mobil Standard Oil is the world's largest oil and gas supplier. If oil prices drop, who can lose more than them?
If the economic impact causes a more serious plunge, the shareholders who have just celebrated it should be hugged and crying.
So when the chief said he could not understand that the Omani people needed a better life and clearly did not want to care about these subsequent impacts, Li Zitao's performance was not so polite.
Chapter completed!