Chapter 0588 Agreement with UBP

Life should be full of rituals, and these days in Zurich, Li Zitao's daily life is full of royal rituals.

It's not that Mary deliberately did it, but that the atmosphere is like that.

In the 30s, they couldn't get rid of the heaviness and ritual atmosphere of the aristocracy, and the identities of the two were not ordinary.

No matter where they live or where they go, they will provide the best service to make an impression on them.

"Boss, Mr. Torgenberg from UBS has arrived. Early the next morning, Li Zitao was enjoying breakfast with his wife in bed when Ava walked in through the door.

"Please wait in the living room!" Putting the dinner plate back on the dining cart, Li Zitao walked towards the living room in his pajamas.

When he saw Torgenberg, Li Zitao still couldn't believe that the shy man in front of him, who was less than 170cm, would be the most famous bank giant in Switzerland.

"Mr. Li, UBS is definitely the best bank in Switzerland, and there will never be a better financial institution in the world.

After all, here the banking bill dictates that we can withhold everything for our customers, whatever it may be. ”

The Banking Act passed in Switzerland in '31 showed that banks could keep all customer information confidential, which is why Swiss banks are growing rapidly.

At present, Luxembourg is the only country in the world that has implemented a similar law, but compared to the Union Bank of Switzerland, which has been in development for more than a century, it is only in its infancy.

Moreover, Li Zitao did not want to hand over the family foundation to someone familiar with him.

"UBP's credibility and professionalism are unquestionable, just... When it comes to asset management, you don't seem to be good enough. Li Zitao said casually sitting on the sofa.

"Yes, but that doesn't mean UBP isn't good enough, we just don't have the right opportunities, and if you're lucky enough to be able to manage your family fund on your behalf, I think people will change that soon. ”

Torgenberg has not denied this, and UBP is second only to Deutsche Bank in Europe in terms of secrecy and savings.

Behind this bank, which is very low-key outside, but in fact is rich and powerful, and behind it is the Rothschilds, a financial dynasty that cannot be ignored in all of Europe.

With its influence, intricate network and expertise, Deutsche Bank has always been a leader in asset management and the first choice of the wealthy.

To be honest, even Torgenberg himself was surprised when he learned that Li Zitao wanted to hand over the family foundation to UBP to manage.

Whether Li Zitao really has this plan, or uses UBP to put pressure on other banks to achieve his goal.

Toggenberg did not want to pass up this opportunity, an opportunity to prove to the rich that UBP is no worse than any bank in terms of asset management.

"Your management fee?" "Management fee is an issue that Li Zitao is more concerned about.

The money involved in this is not a dispensable small profit, but a huge profit that may be in the millions every year, and will rise to tens of millions in the future, continuing for centuries.

"6 percent. "Torgenberg showed the sincerity of UBP.

6 percent of annual profits, which is the same size as UBP, and banks and management companies that can compete with each other can charge at least 9 percent of points.

Three points less, UBP will lose millions of dollars a year.

"5 percent. "Although UBP is very sincere, if you don't engage in price, you always feel like you're losing.

"Mr. Lee, 6 percent is UBP's greatest sincerity, and as the most influential banker in North America, you should know this very well. ”

Toggenberg heard him haggling without hurry, but only to show UBP's position that 6 percent was the minimum they could accept.

"In the future, the assets of my family fund will exceed 10 billion, do you still think so?" Li Zitao looked at him indifferently.

If he was allowed to push back with a word, then he might as well not speak before.

5 percent, Torgenberg finally agreed to his request, but also in terms of the contract.

In the absence of serious losses to the Foundation, Li Zitao is not allowed to change the management at will.

UBP is giving up its short-term interests and preparing to remain the management of the foundation.

Li Zitao has no opinion on this, he originally wanted to hand over the foundation to a third party to take care of, and he wanted to have nothing to do with his industry or an institution itself.

Under such conditions, there will be no more suitable institution in the world than UBP.

The agreement was signed quickly, and UBP seemed to be afraid of his sudden change of heart, so he prepared all the necessary documents the next day.

After the signing of the agreement, the foundation will also change its registered place to Switzerland as soon as possible, but the main body and office location will still be in North America.

He didn't need to worry about that, UBP's New York branch would take care of it.

The last thing in Switzerland is done, and the trip should end there.

All kinds of custom-made items that are purchased, when they are made, someone will naturally send them to Beverly Manor, and if they don't even have this service, I'm really sorry for their price.

Flying back to Los Angeles from Switzerland, the year wasn't so pompous, and there weren't as many food, gifts, and phone calls.

Li Zitao and Mary felt relaxed, staying with their families, skiing, watching the scenery, shopping, enjoying the free air and holidays.

Back in Los Angeles, the limelight for Mobil Standard Oil hasn't passed yet.

Because it itself is actively promoting various information, such as halting plans to increase production in the northern gas fields and announcing that the small oil complex discovered in Oman will not be developed for the time being.

These news are a few happy and some sad, and Oman, a big family, is very sad.

When the brother next door discovered the northern gas field, Aman's eyes were red for a long time, and now he finally made a discovery in his own country and could have money, but he was suddenly told to suspend development.

This made Oman a little uncomfortable, and the chief made a special phone call to discuss this matter with Li Zitao, and the meaning in and out of the words was that oil must be developed now.

"This is a decision made by the non-payment standard after analyzing the international market, and now that there is an oversupply of oil and gas, the development of new fields to increase production will only bring down oil prices. ”

Regarding this issue, before answering the phone, Li Zitao communicated with Ava and the think tank.

Mobil Standard Oil is afraid of the production process, causing oil prices to fall.

Mobil Standard Oil is now the world's largest oil and gas supplier, and if oil prices fall, who can lose more than them.

If the economic impact causes a more serious plunge, the shareholders, who have just celebrated for a short time, should hug each other and cry bitterly.

Therefore, after the chief said that he could not understand that the Omani people needed a better life, and it was clear that he did not care about these follow-up effects, Li Zitao's performance was not so polite.