Chapter 314 Reorganization

On 1 August, the top management of the Hoffmann Investment Bank met in Zurich for the first high-level meeting of the reorganization of the Hoffmann Investment Bank.

At this meeting, the investment teams distributed in European countries, the investment team in Dongying, the management team in Huaxia, and the staff left behind in the headquarters all attended to determine the timetable for the restructuring of Hoffman Investment Bank.

Deloitte and Ernst & Young, two accounting firms that provide financial support to Hoffman Investment Bank, will provide comprehensive financial audit and management support for Hoffman Investment Bank within this month.

In addition to providing Hoffmann Investment Bank with the operation of funds for business management needs, the two largest commercial banks in Switzerland, UBP and Credit Suisse, have also sent a large number of personnel to manage various assets.

Stock, which provided legal support to Hoffman Investment Bank, and Smith Law Firm in the United Kingdom will provide additional legal services to Hoffman Investment Bank.

The reorganization of a large international investment company is a major event that will hurt the muscles and bones, and any negligence may cause huge losses.

Hoffmann Private Bank's accountants have set up an independent supervisory board that will oversee all operations of the company and prevent any negligence.

At the same time, Roche Pharmaceutical sent a team of more than 20 accountants and lawyers to assist the private bank in managing and supervising the restructuring of the investment bank.

Prior to this meeting, the first to be reshuffled was the Hoffman Family Foundation Committee, headed by Hannah Hoffman.

The family foundation's assets under management include the right to dividends from a private bank, 10 percent of the earnings of each member of the Hoffman family, and Felicité Island in the Indian Ocean.

For example, Jonas's Hoffman Investment Bank has to pay 10% of its annual income to the family foundation, all the profits of private banks have to be handed over to the foundation, and Roche Pharmaceuticals has to pay 10% of its dividend every year.

These funds are deposited in a private bank, and all the dividends are taken out each year and distributed to all family members according to five different levels.

At the moment, only Hannah is in the first level, Lukas Hoffmann, Villa Hoffmann, and Yankel, who manages the private bank, is in the second level.

Members of Level 3 include Andre Hoffman, Lacken Hoffman, Jacob Hoffman, and Jonas are also members of Level 3.

In terms of contribution, Jonas should be ranked second, but he took the initiative to ask to be classified in the third level, and he didn't care about the difference in the middle.

Level 4 members include Aunt Ferrin and Aunt Agri, who have some contributions to the family, but they don't contribute much, so they can only enjoy Level 4.

The fifth-level members include all minor members, and before the age of sixteen, they can only enjoy the five-level dividend system, and they are not eligible to change their rank before they join the workforce.

Their dividends are distributed according to the net profit of the foundation each year, and the distribution ratio does not change, but the amount changes every year.

On the afternoon of 1 August, President Schwarch, the general adviser of Hoffmann Investment Bank, announced the entire management framework of Hoffman Investment Bank in front of more than 200 elite personnel from various companies.

First of all, Hoffman Investment Bank will become two investment banks, one for financial investment and one for equity investment.

The two investment banks share funds and information, but the channels and management will be separate and will not interfere with each other.

Above this investment bank, there is also a Hoffman International, the equity of this Hoffman International is not public, it is controlled by several short companies registered by Jonas separately, and it is actually controlled by Jonas alone.

Hoffmann Financial Investment Bank is funded by the partners, and the highest governing body is the Partners' Conference.

Hoffman Equity Investment Bank is funded by the Financial Investment Bank and Jonas's own funds, and the upper management agency is Hoffman International, which is actually Jonas alone.

At present, the largest asset of Hoffmann Equity Investment Bank is Hoffmann Automotive Industry Group, and the president of the equity investment bank is Ursula Santo Domingo, who is also the president of the automotive group.

The president of Hoffman Financial Investment Bank is Jim Rogers, who is also the largest partner of the financial investment bank except Jonas.

In addition to these established companies, Jonas has also established several international investment companies, registered in Switzerland and other offshore financial centers, where investments of different nature will be attributed to different companies.

Among them, the most difficult framework restructuring is the equity investment bank, which currently fully controls, controls, and holds more than 40 companies.

Among them are not only companies like Rolls-Royce and Volvo, but also shares in Mercedes-Benz, Volkswagen, BMW.

In addition to the automotive industry, Jonas has also set up a sports media company that owns a rights company in London, a 30 percent stake in Arsenal, a 30 percent stake in Highbury Stadium and a stake in Fox that is in talks with Marvin Davis.

This company has no vesting relationship with the equity investment company, it belongs to the company listed separately by Jonas, and in the future, most of the company's assets will be passed on to Sophia.

Outside of these companies, Jonas founded a European oil tower company, known simply as EOT, which has nothing to do with other industries.

However, the assets held by EOT companies are not inferior to those of other companies.

The largest share of this part of the asset is the oil exploration and development rights in Angola, which is financed by the Hoffmann Financial Investment Bank, but which is currently divested from the ownership.

This means that these assets are privately owned by Jonas, who now owes no more than two billion dollars in debt to the Financial Investment Bank.

In addition to Angola's oil exploration and development rights and Angola's US$800 million secured loan, Jonas also owns 40 percent of Transoceanic Drilling and indirectly holds 20 percent of the San Roque refinery in Spain.

EOT's stake was diluted by a number of companies, cross-owned, and eventually returned to Jonas's name.

Without a clear investigation of the stakes in the more than 20 companies involved, no one can know that this EOT company is wholly owned by Jonas.

Within the entire framework, there are already nearly 100 large companies and more than 100 small companies.

The management structure of these more than 100 companies is very easy to set up, it is nothing more than a management framework, but how to integrate the strength and potential of these companies and let them play their most powerful power is the most important.

In this regard, Dean Schwarch has played a huge role. With Jacob's help, he built a talent pool for the Hoffman Consortium.

Thousands of managers in more than 100 subordinate companies have been completely analyzed and assessed, and in addition to these companies, a Hoffmann human resources company has been established.

The human resources company conducts an annual performance and competency review of all management within the Hoffmann consortium and can adjust their most suitable positions at any time.

Under the name of this human resources company, there is also an information management center, which provides technology, talents, information management and circulation for more than 100 subordinate enterprises.

And this company is very high-level, independent of the management board, directly under the management of Jonas.

The company's management board consisted of Jonas, Jacob, Schwarch, Gloponte, and Professor Hugo.

The biggest role of these economics professors, in addition to adjusting the direction of enterprise development, is to adjust the loopholes in enterprise management.

When the restructuring plan was announced, all observer representatives, whether it was commercial banks such as UBP and Credit Suisse, or representatives of the Swiss Federal Ministry of National Economy, the Global Business Association, and the Chamber of Commerce and Industry, spoke highly of it.

Although it was a Saturday on August 2, the Swiss press spoke highly of the reorganization of Hoffmann's investment bank.

It is believed that the reorganization of Hoffman Investment Bank can better adapt to the competition of enterprises in the new era.

Of course, about the industrial restructuring of the Jonas oil sector, all the media did not report on it and were given a gag order.

In fact, in the public discussion session, Jonas did not publicize much except that he would separate his investment in the oil industry from Hoffman's current industry by borrowing money.

Many journalists know that Hoffman divested the oil industry, but they don't know how, let alone what share Jonas has.

The Swiss Federal Council and the Ministry of National Economy have all announced their support for Hoffmann Investment Bank, which also made the reorganization of Hoffmann Investment Bank the most sensational news in August.

Everyone is speculating about how much money Jonas has now, and whether he will be able to make it to the Swiss rich list now.

The Hoffman family already has a Lucas Hoffmann firmly in the position of the richest man in Switzerland, and if there is one more Jonas, the Hoffman family will be too conspicuous.

The media is now a headache for Jonas' assets, because the Lucerne Hoffmanns are different from the Basel Hoffmanns.

The Basel Hoffmann family's industry is Roche Pharmaceutical, and they and the Orly family each have a 50% stake, as long as the Roche pharmaceutical industry is clearly calculated, their family wealth will come out.

Jonas manages a lot of assets, now more than $10 billion, but a large part of them are investments from nearly 700 partners.

No outsider can calculate how much of Jonas's share of these assets, and how many of them, can be calculated.

Even UBP and Credit Suisse, which provide loans to Hoffman Investment Bank, and Deloitte, which provides financial services to Hoffman Investment Bank, are not clearly distinguished.

They can only calculate the earnings of Hoffman Investment Bank, and other people's investments in Hoffman Investment Bank, but they do not know the exact share of the profits.

However, there are still people with magical powers who know the dividend ratios of some partners, and through these, the approximate wealth of Jonas is calculated.

On August 16, the Zurich Zeitung gave a rough figure, setting Jonas's total assets at about $2.5 billion, which was agreed by most people.

This amount has been able to enter the top five richest people in Switzerland, even in the world, it belongs to the top few richest people.

Shake said