Veneiburg's trip to Texas went very smoothly, and Alex did not hesitate to submit his resignation letter directly to the company after learning that it was Tang Bao who handed him an olive branch, and followed Veneigorg to New York. Just like Milken said about him, Alex is ambitious and good at seizing opportunities.

Tang Bao met Alex in his luxurious villa, and after a conversation, he was very satisfied with his impression, and authorized him to start the establishment of an investment bank.

Soon.

A new company, East West Securities, was quietly established in the United States with a registered capital of up to $500 million. Huamei Securities didn't have to worry about not having an office, and Winnieberg didn't say a word, and directly vacated the sixteenth floor of the headquarters of East West Bank.

Followed by.

Alex and Vinnieburg began to go around and recruit troops. Many of the elite executives who lost their jobs due to the bankruptcy of Dechong Securities received invitations.

The bankruptcy of Dechong Securities has not affected the pursuit of these elites by Wall Street investment banks in the slightest. Not only Huamei Securities is recruiting, but Goldman Sachs, Merrill Lynch and others are also hiring old executives of Dechong, and Bear Stearns is too, and everyone is poaching talent from the collapsed giant.

Wall Street peers hate Dechong, but no one will resist accepting Dechong's talents.

Thereupon.

In the scramble of all parties, the executives of Dechong have changed owners.

Ambitious executives will refuse to be recruited, and groups of people will come together to set up another mountain. Bournham Financial Group, Dechong Real Estate, Morgan Joseph, Apollo Asset Management...... New companies carrying the mantle of Dechong Securities are constantly emerging.

Some people were happily receiving the welcome banquet organized for them by their new owners, while others began to hold champagne to wish their new business success.

It's funny, isn't it?

Dechong went bankrupt, but the executives who played Dechong out of it didn't have any, not only did they not feel a little sad, but they all raised their glasses and drank freely.

……

Inside the villa.

Alex came with a lot of information to report on the preparatory process of East West Securities.

"Hmm. It is really good that the main structure of East West Securities can be built in such a short time. Tang Bao smiled and praised.

"It's not enough for East West Securities to run smoothly." Alex didn't get complacent because of Tang Bao's appreciation.

Well.

Tang Bao nodded in agreement, and then said, "I heard that you are wantonly poaching executives of investment banks such as Salomon Brothers, Merrill Lynch, Bear Stearns, and Morgan Stanley. Why are there so many experienced Dechong staff not recruiting? Instead, they went to the trouble of digging into the corners. Isn't this a reluctance to go far? ”

"Let me start by talking about the reason why we didn't go all out to snatch the employees of Dechong. First of all, I don't have any personal grievances and prejudices against Dechong employees, and I don't hire them in large numbers, but I will also weigh the salary cost and select the best elites. Second, Dechong's strongest business is junk bonds, but now the junk bond market is feared by everyone and is seriously in recession. In the end, Dechong Securities went bankrupt. Countless investors have suffered heavy losses, and the reputation of those who are highly managed by virtue has also suffered a lot of blows, taking the risk of accepting too many old departments of virtue and chong, dragging down the brand image of Huamei Securities. I don't want to give the outside world the illusion that East West Securities is out of Dechong Securities! Alex calmly and clearly stated his reasoning.

After a little relief, Alex went on to explain, "I went to investment banks such as Salomon Brothers, Merrill Lynch, Bear Stearns, and Morgan Stanley to poach people, one is to value their ability and experience. It is also related to my initial strategic positioning of East West Securities. ”

"Oh? How do you position East West Securities? Tang Bao suddenly became interested.

This time, East West Securities was formed. In addition to providing funds to appoint Alex as CEO. Everything else was left to Alex and Winnieberg without any intervention.

"Boss, investment banking business includes securities underwriting, securities brokerage transactions, private placements, corporate mergers and acquisitions, project financing, fund management, financial advisory, etc., which are complex and diverse. When Huamei Securities was first established, it was impossible to get involved in it all at once. My plan is to identify a few advantageous businesses first. Slowly penetrate into other areas. Alex replied.

Tang Bao smiled and nodded, without interrupting.

"Hmm. Investment banking is indispensable for the most basic and traditional securities underwriting and securities brokerage business, but I have carefully considered that as a latecomer, it is difficult for East West Securities to make a major breakthrough in these two businesses in a short period of time. You have to expand slowly. The most likely explosive breakthrough in the short term is the fund management business, and the boss's Phoenix Investment Group has long made a name for itself. ”

"Do you want to use Phoenix Investment Group to quickly make a name for yourself?" Tang Bao said with a smile.

"Uh, that's right." Alex didn't deny it, and continued, "Phoenix Investment Group is also a resource under the boss, and there is no reason to waste it. ”

"Heh, you can just talk to Horst about this." Tang Baodao.

"Understood."

Alex laughed.

Then, he continued: "My first thought was to build a fund management business; The other is mergers and acquisitions. As the banking crisis deepens, many companies in the United States are in trouble, with weak companies begging to survive the crisis and strong ones taking advantage of mergers and expansions. I expect that the trend of mergers and acquisitions in the United States will increase significantly in the future, and this market will continue to expand. Moreover, compared with other businesses, corporate mergers and acquisitions are a low-risk, high-income business, and the key is high profit margins. ”

"And the elites I poached from other investment banks are good at corporate mergers and acquisitions!" Alex finally made sense of the reason for the poaching. "Not everyone can do a good job in mergers and acquisitions, if you want to mix in this industry, high intelligence, excellent communication and coordination skills, superb business negotiation skills, extensive network resources, rich industry experience, etc. are essential personal qualities, if you want to be the best, you have to be the elite of the elite. What I'm doing now is recruiting the best of the best and building a top M&A team in the world! At the end of the day, Alex's face was full of pride.

Scold.

Sure enough, he was ambitious, and he wanted to be the best in the world as soon as he got started.

Looking at Alex, who was talking about the plan, Tang Bao secretly sighed in his heart, but he appreciated Alex's ambition very much.

Strengthen fund management and corporate mergers and acquisitions, take into account the expansion of securities underwriting and securities brokerage two traditional businesses, and other businesses are slowly penetrating.

That's Alex's strategy!

Long.

Seeing that Tang Bao didn't respond, Alex asked, "Boss, do you think this development strategy is feasible?" What are the other flaws? ”

"Hmm...... I don't have an opinion, you can just do what you want. Tang Bao said with a smile.

Let's be honest.

Tang Bao was not very sure whether the development strategy proposed by Alex was feasible, so he simply let him play and did not interfere.

After the talks.

Alex didn't dare to stop and drove away quickly. Huamei Securities was a start-up, and he needed to take care of many things personally, which was really busy.

Then.

Kate happened to be back from outside.

"Is it done?" Tang Bao asked with a light smile.

"Hmm."

Kay nodded. Then, he said: "Boss, I don't understand, since he has rejected your kindness, why do you want to help him in turn?" ”

Hear the words.

Tang Bao couldn't help but smile and said, "Ha, I don't lack that little money, invest a little in him, just as I left a good fate." ”

Forming a good relationship?

Forming a good relationship costs $200 million in one go...... Kate suddenly felt a little unable to understand Tang Bao.

Here's the thing.

At the beginning, when Tang Bao went to visit Milken, Milken strongly recommended a talent to Tang Bao. He also wondered what kind of person deserved Milken's recommendation, so he asked Kate to come forward to solicit him. Unexpectedly, the other party politely rejected Tang Bao's kindness, and then created a new company with several old colleagues - Apollo Asset Management Company. Rowan learned that Milken had recommended him to be one of the founders of Apollo Asset Management. Luo Wen, Tang Bao is just a pity to miss a talent, but there are no extra ideas. After all, even if Apollo Asset Management will achieve a lot of fame in the future, it is difficult to compare with Phoenix Investment Group.

And so it passed.

But.

Things tend to be reversed, Tang Bao put it down, but Rowan didn't completely let it go. Apollo Asset Management was first established and faced many difficulties, the biggest of which was to raise investment funds. So Rowan remembered Tang Bao, a big tyrant, and came to the door to attract investment.

Tang Bao did not refuse, and boldly invested 200 million US dollars. However, there is also a condition, which is to acquire a 15% stake in Apollo Asset Management.

Ultimately.

The founders of Apollo all agreed.

Tang Bao bought a 15% stake with $6 million, becoming the fifth partner of Apollo Asset Management. Tang Bao also kept his promise and happily invested $200 million in the fund of Apollo Asset Management, and agreed that he would not redeem the investment for three years.

Today.

Kate went out to sign a contract with Apollo Management.

"The investment income of Phoenix Investment Group is among the top in the industry, and it is better to let Phoenix Investment Group be responsible for leaving the money to outsiders to take care of." Kate Road.

"Heh, is Phoenix Investment Group short of money? Investing in Apollo Asset Management is also a number of slightly hidden investment channels. ”

Tang Bao said with a smile. Before he invested in Apollo, he asked for secrecy. Therefore, the outside world only knows that Apollo Asset Management has four partners, and it is not clear that there is a fifth.

……

Tang Bao and Kate were chatting about Apollo Asset Management.

Suddenly.

Ray knocked lightly on the door, walked in directly, and said, "Boss, there's a guy outside who claims to be Harris who wants to see you." ”

"Harris, ...... Harris, the young Goldman Sachs partner?" (To be continued......)