743 DBS Bank shareholders' meeting, deduct basins, and make things happen

The next day, Chen Hui woke up slowly, it was now more than 9 o'clock in the morning, and after a simple breakfast, he opened the chart of the Hang Seng Index, and saw that the Hang Seng Index was still rising strongly, Chen Hui turned off the chart with confidence.

Ten minutes later, Zhang Xiaolei led a group of Standard Chartered executives and some bankers to Temasek Tower.

Zhang Xiaolei looked at the time and made a call to Chen Hui.

Soon Chen Hui came out, looked at Zhang Xiaolei and his party, nodded, and everyone greeted Chen Hui respectfully.

Zhang Xiaolei smiled excitedly and said, "Chairman, everyone has arrived!"

Today is the DBS shareholders' meeting, and she can't wait to make a statement at the DBS shareholders' meeting.

Chen Hui waved his hand, like a conqueror, and said to everyone: "Let's go!"

Soon the convoy set off for the DBS Bank headquarters.

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Soon DBS held a shareholder meeting at its headquarters, where shareholders from all over the world gathered.

At this time, Piyush Gupta, the global CEO of DBS Bank, began to speak, affirming the recent performance of DBS Bank and also elaborating on the strategic layout of DBS Bank.

Gao Bode is a white-haired beard, a curry native (Indian) who became the CEO of DBS Bank in November 2009!

Within weeks of taking over as CEO of DBS, he quickly developed and executed a new strategy, and the building business became a top priority in DBS's 10-year plan. In FY2012, total revenue exceeded S$8 billion for the first time, net profit rose to a record S$3.81 billion, and was named "Asia's Best Bank" by The Banker, an authoritative magazine in the international financial industry.

He managed DBS Bank for six consecutive years as "Asia's safest bank", before that, Gao Bode was the CEO of Citibank in Southeast Asia, with more than 20 years of banking experience, starting his career from the curry grassroots, responsible for a number of important businesses, and in the process he learned the successful experience of global banking, 57 years old Gao Bode, now sharp-eyed, handshake strong, very understanding the value of trade-offs and focus, leading DBS Bank (DBSThe strategic goal of "Leading Asian Bank" has been achieved, and the changes led by it have gradually borne fruit, and it has been named the "Best Bank in Asia" by The Banker, an authoritative magazine in the international financial industry.

But Gao Bode is not his own person, Chen Hui watched Gao Bode's speech from the shareholder seat, shook his head, and talked carefully with Zhang Xiaolei and the shareholder representatives on his side around him.

No matter how well Gao Bode speaks, no matter how good he says, it doesn't matter about their affairs, they will also take Gao Bode at the shareholders' meeting today!

Gao Bode, who has a flat head and a white beard, also noticed the crowd at the shareholders' meeting, he naturally knows that these guys are not good, and if this shareholders' meeting is held today, I am afraid that the first one is to use him!

That's when representatives of the HSBC consortium stepped forward.

Gao Bode looked at this representative, and knew in his heart that this was someone who belonged to HSBC, but he had just changed his identity!

He was also mentally prepared.

The HSBC representative asked: "Mr. Gold, I have heard you talk so much nonsense, I would like to ask you now what are the strengths and weaknesses of DBS and European and American banks in terms of regional and global business?"

Saying that, the HSBC representative asked a few questions in a row!

Gao Bode said calmly: "The shortcoming is that our business is concentrated in Asia, and if there is a large Asian regional financial crisis, it will be greatly affected. Global banks will have fewer concerns about this and can be balanced by the rest of the world.

But we have a lot of advantages. First of all, we have strong financial strength, because Asia has learned from the 1997 financial crisis, and now Asian banks are more capitalized and more liquid, and they can better support the growth of the Asian economy and the growth of their own business. Second, it is possible that global banks are focused on the highest end of the value chain, and their market may be a niche market. For example, we are willing to deepen the market, such as medium-sized companies, small and medium-sized enterprises, etc., to maintain in-depth contact and development of many market segments. In addition, one of the most important aspects of banking in Asia is the Asian relationship culture, which means that we are willing to work with our customers through thick and thin, whether they are at their peaks or lows. Western culture is more contract-bound, and we are more willing to give customers more opportunities and help on the basis of trust. Finally, we have insight into the Asian market, the best research team in the Asian banking industry, and our products have Asian characteristics, such as we provide commercial notes in the local currencies of Asian countries. There is also a significant advantage that we call the Asian type of service. When we serve, our humility and respect come from the bottom of our hearts, which is very different from the West.

So from our management and our board of directors, we really understand how to do banking in Asia, how to do business in Asia. ”

Saying that, Gao Bode smiled: "Sir, do you have any questions?"

After hearing this, the HSBC representative sat down with some annoyance, which immediately made the shareholder representatives of Mo'Geng Chase, Tata Group, Lim Group, Singapore's sovereign wealth fund, and Citigroup laugh.

At this time, a representative of Bank of America also stood up and asked, "Does this mean that DBS, as a rooted in Asia, will focus on the Asian market for a long time and will not expand too quickly?"

"You're right, we have full confidence in the future of Asia, which is now the engine of global economic growth, and global capital flows to Asia," said Gobold with a smile. So in the next five to ten years, our strategic focus is to further develop our business in East Asia, Southeast Asia, South Asia, etc., and may not expand into Europe and the United States.

It's a strategic trade-off!"

The representative of the Bank of America also sat down, and something was brewing in his head.

After hearing Gao Bode's words, Chen Hui, who was in the shareholder seat, said a few words to Zhang Xiaolei.

At this time, the kneeling 'sweet' dog, the representative of Singapore's sovereign wealth fund, spoke: "You have said that strategy is not just about knowing what you want to do, it is equally important to know what you don't want to do. When you focus on what you have to do and give up what you are not competitive, you can actually improve your efficiency, how do you "focus and give up" in your strategic change with DBS?

"Indeed, the meaning of our strategy is to know what we are good at and focus on what we are good at. We are a full-service, full-service bank in the Singapore market, which is the result of our history. But in Asia, we focus on three strategic priorities: banking for large corporations, banking for small and medium-sized businesses, and high-end wealth management.

What really matters is that strategic thinking is aligned across the company. It is easy to formulate a strategy, but what really shows the strength is how to make the strategy a unified idea for everyone, get a consensus, what is our strategic focus, what is our advantage, what should not be the strategic focus of the business, which can really implement the strategy, for example, there may be one or two business opportunities to make money in the short term, but do not meet the long-term strategic direction and focus, then you need to have a certain discipline to implement the strategy, you need to have the courage to give up these businesses, reject these businesses, this is the real challenge at the executive level。

Gao Bode's words immediately attracted a round of applause, and at this time, the representatives of Standard Chartered Bank, Bank of America, and HSBC did not look very good.

Kneeling 'sweet' dog, the representative of the Tata consortium said: "Mr. Gao Bode, how did you lead the team to overcome these challenges, and have you turned your strategy into a corporate consensus?"

"We've made a lot of progress in this area. From a technical point of view, we must first pay attention to communication, and we must constantly communicate with employees and management. When communicating, we will describe the language of these strategies very clearly, it is very easy for people to remember, and you can see that the whole company is starting to use a common language, and everyone has a common basis for dialogue. We identified 500 people, who may be our younger, middle and senior employees, who can further promote, implement and execute our strategic ideas and directions to other colleagues. ”

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After hearing this, the representatives of the Tata consortium immediately began to applaud, and then teasingly looked at the representatives of Standard Chartered Bank, HSBC, and Bank of America at the shareholders' meeting.

They naturally know that Standard Chartered Bank, Bank of America, and HSBC are holding this shareholders' meeting to do things, and they will definitely not be able to do what they want!

Soon after, representatives of Standard Chartered Bank, Bank of America, and HSBC directly attacked DBS Chief Executive Gao Bode at Chen Hui's proposal.

A representative of HSBC said: "Mr. President, you just talked nonsense for another 20 minutes, I did the math, DBS shares have fallen by 20% recently, does it have anything to do with your nonsense here?"

Gao Bode said with an embarrassed face: "Sir, it doesn't matter"

A representative of Bank of America said: "Mr. President, you have listened to so much nonsense today, you are an idiot for us?"

"Then tell me, why has DBS stock price fallen so much?"

"Why do DBS customers complain?"

"Please answer me!"

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"What do you see?"

"DBS has been hit by so many lawsuits in the building!"

"There's so much negative news about DBS now!"

"Why do you only report good news and not bad news?"

"You're a very incompetent CEO!"

"You're in the water, why did you lend so much money to Temasek Holdings?"

"Now all this money is a bad debt!"

Gao Bode immediately explained: "Sir, I don't know what you're talking about, this loan is secured, not a bad debt!"

Although Gao Bode is trying to explain, the representatives of Standard Chartered Bank, HSBC, and Bank of America will not let him go.

"Mr. President, you are justifying your mistakes!"

"You don't admit it, and you try to cover it up!"

"You're just lying!"

"You CEO is very incompetent!"

At this time, the representative of HSBC pointed at Gao Bode in a thick British accent and said in English: "This man is the worst CEO in the history of DBS Bank!"

Gao Bode gritted his teeth with hatred in his heart, knowing that these guys were specially here to do things and create conflicts, but he had to hold back his anger!

After Zhang Xiaolei spoke to the representative of Bank of America and the representative of HSBC, she immediately spoke: "Mr. Gao Bode, why did you give up the acquisition of Bank Indonesia before?"

"DBS Bank can diversify its over-reliance on Hong Kong and Singapore by acquiring assets in Indonesia."

"Indonesia is an exciting Asian market and I am confident that the acquisition will help diversify our business offerings!"

"DBS should be positioned as a big international bank!"

"What made you insist on giving up on this acquisition?"

Gao Bode explained vaguely, saying that Indonesian law does not allow it, but Zhang Xiaolei continued: "Mr. Gao Bode, now Standard Chartered Bank is planning to acquire Indonesia Financial Bank, and the news from the outside is already flying all over the sky!"

"Don't talk to me about Indonesian law!"

"What was the reason for making such a wrong, ridiculous decision before?"

"Don't take us shareholders for fools!"

Gao Bode held back his anger and said, "Miss Zhang, aren't you the CEO of Standard Chartered Bank?"

"How do I decide that it has something to do with you?"

Zhang Xiaolei glanced at Chen Hui, then pointed directly at Gao Bode and said sharply: "I am now one of the major shareholders of DBS Bank!"

You told me it had nothing to do with me??"

"You don't take our shareholders seriously, do you?"

"You, the president, have no regard for the interests of our shareholders!"

"Mr. Gobode, you are abusing your power for personal gain!"

"Favoritism!"

"I really don't know what kind of face you have, standing in this position!"

At this time, Gao Bode continued to argue, but suddenly attracted many representatives of HSBC, Standard Chartered Bank, and Bank of America to use worse language to scold Gao Bode to the point of blood!

One by one, the pots of were buckled on Gobod's head.

Suddenly Tata Consortium, Singapore Sovereign Wealth Fund, Morgan 'G' Chase Bank, Lim Group·· Many shareholder representatives can't bear it anymore, Standard Chartered Bank, HSBC, and Bank of America are clearly trying to do things, messing around, and making trouble!

The crowds on both sides immediately sprayed each other, and the scene was very lively, and some people even returned the water bottles!

Chen Hui watched the excitement from the sidelines, and looked at the market trend with his mobile phone and computer from time to time.

The shareholders were arguing, but he was playing with his mobile phone and swiping the screen.

After a long time, Chen Hui watched everyone pause for a while, and immediately got up and said, "I suggest that the current president Gao Bode be fired!"

Gao Bode has been at the helm of DBS Bank for many years and has made great contributions, and now someone dares to say that Gao Bode is fired directly!!

Suddenly exploded!