Chapter 588: Agreement with Ruilian

Life must be full of rituals. In Zurich these days, Li Zitao's daily life is full of royal rituals.

It's not that Mary does it on purpose, it's just the atmosphere here.

In the 1930s, they still couldn't get rid of the heavy and ritual atmosphere of the nobility, and the identities of the two were not ordinary.

No matter where they live or where they go, the other party will provide the best service in order to leave an impression in their hearts.

"Boss, Mr. Togenberger from Union Bank of Switzerland has arrived." In the early morning of the next day, Li Zitao was enjoying breakfast with his wife in bed when Ava came in from the door.

"Ask him to wait in the living room!" Putting the dinner plate back on the dining car, Li Zitao walked towards the living room in his pajamas.

When seeing Togenberger, Li Zitao still couldn't believe it. The shy-looking man who was less than 170cm in front of him would be the most famous bank tycoon in Switzerland.

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

After all, the Banking Act here dictates that we can withhold all information from our clients, whatever it may be. "

The "Banking Act" passed by Switzerland in 1931 shows that banks can keep all customer information confidential, which is why Swiss banks are developing rapidly.

At present, only Luxembourg has implemented a similar bill in the world, but compared with the Union Bank of Switzerland, which has been developing 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 he knew well.

"The reputation and professionalism of Ruilian are unquestionable, but...in terms of asset management, you seem to be not good enough." Li Zitao said casually sitting on the sofa.

"Yes, but it doesn't mean that Ruilian is not good enough. We just lack suitable opportunities. If you are lucky enough to be able to manage your family fund on your behalf, I think people will change this view soon."

Togenberger did not deny this point, Swiss Union is second only to Deutsche Bank in Europe in terms of secrecy and deposit absorption.

This bank is very low-key outside, but it is actually rich and influential. Behind it is a financial dynasty that cannot be ignored in Europe, the Rothschild family.

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

Regardless of whether Li Zitao really has this plan, or uses Ruilian to put pressure on other banks to achieve his goal.

Togenberger didn't want to give up this opportunity, an opportunity to prove to the rich that Related is no worse than any bank in terms of asset management.

"Your management fee?" Li Zitao was more concerned about the management fee.

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

"6 percent." Togenberger showed the sincerity of Ruilian.

6% of the annual profit, which is comparable to that of Ruilian, and banks and management companies that can compete with each other will charge at least 9% of the points.

3 points less,

Ruilian loses millions of dollars every year.

"5 percent." Although Ruilian was very sincere, if he didn't make price adjustments, he always felt like he was 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."

Togenberger was not in a hurry when he heard his bargaining, but he just expressed Ruilian's position that 6% was the minimum standard they could accept.

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

If you let him push back with one word, then he might as well not have spoken before.

5%, Togenberger finally agreed to his request, but also put forward Ruilian's request in terms of contract.

As long as Ruilian has not caused 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 be the manager of the foundation all the time.

Li Zitao has no objection to this. He originally wanted to hand over the foundation to a third party, an organization that has nothing to do with his property or himself.

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

The agreement was signed quickly, and Ruilian seemed to be afraid that he would change his mind suddenly, so he prepared all the required documents the next day.

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

He doesn't need to worry about this, the New York branch of Ruilian will take care of it naturally.

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

The various customized products purchased will naturally be sent to Beverly Manor after they are made. If they don't even have this service, I am really sorry for their price.

Flying back to Los Angeles from Switzerland, this year is not so grand, and there are not so many food, gifts and phone calls.

On the contrary, Li Zitao and Mary feel relaxed, staying with their families, skiing, sightseeing, shopping, enjoying the free air and holidays.

Back in Los Angeles, Mobil Standard Oil was still in the limelight.

Because it is actively promoting various information, such as suspending the original plan to increase production in the northern gas field, and announcing that the small oil clusters discovered in Oman will not be developed for the time being.

These news are happy for some families and sad for others, and Oman's big family is very sad.

When the brother next door discovered the northern gas field, Oman was jealous for a long time. Now that he has finally discovered it in his own country and is able to make money, he is suddenly told to suspend development.

This made Oman feel uncomfortable. The chief made a special call to discuss this matter with Li Zitao. The meaning behind the words was the same, and the oil must be developed now.

"This is a decision made after analyzing the international market without paying standards. Now that there is an excess supply of oil and gas, developing new oil fields to increase production will only lower oil prices."

Li Zitao had communicated with Ava and the think tank on this issue before answering the phone.

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

The current Mobil Standard Oil is the world's largest oil and gas supplier. If the oil price falls, who can suffer more serious losses than them.

If the impact of the economy causes a more serious plummet, the shareholders who have just celebrated for a long time should hug each other and cry bitterly.

So when the chief said he couldn't understand that the Omani people needed a better life, and made it clear that he didn't want to care about the follow-up effects, Li Zitao's performance was not so polite.