Easy Tycoon

Chapter 901 Long Odahen
When mentioning Switzerland, people all over the world probably think of clocks, banks and picturesque scenery first.

Regardless of the small size of Switzerland, most of which are mountains and plateaus, and an inland country without any outlets to the sea, Switzerland is the wealthiest, most stable society, most economically developed and has the highest One of the countries with the highest standard of living, there are only a handful of countries in the world that can rival Switzerland.

Although Switzerland is famous for clocks and tourism, the most famous business card of Switzerland is the banking industry!

As one of the most stable economies in the world, Switzerland has become a safe haven for tax-avoiding investors because of its long-term policy, safe financial system and bank secrecy system.Since the seventeenth century, the banking industry in Switzerland has been emerging all over the world, and has been developing steadily until now. It has formed a highly developed banking industry led by UBS and Credit Suisse, not only becoming the most important banking industry in Switzerland. The economic pillar also occupies an important part in the global banking industry.

Switzerland is the world's largest offshore financial center, surpassing London, New York and Frankfurt, with a market share of 35%, and is recognized as a global leader in international asset business management.Switzerland's banking sector manages more than 3.3 trillion Swiss francs, or about $2.75 trillion in assets, half of which come from other countries.

The main reason why the Swiss banking industry can attract so much money from all over the world is that the secrecy system of the Swiss banking industry is so good that depositors can't find a reason to reject Swiss banks!
The bank's confidentiality for customers means that the bank fulfills an obligation to keep silent on all matters of customers. This is not only the most basic thing a bank needs to do, but also a supreme right of customers.

However, banks in many other countries in the world are unable to do this well. For one reason or another, even large international banks such as Citigroup, Hong Kong, and HSBC cannot keep depositors completely secret.

But in Switzerland, confidentiality for customers is the fundamental pursuit of Swiss banks, and it is even written into the constitution.

It is precisely because of this excellent secrecy system that the Swiss banking industry has been the most competitive bank in the world before the first ten years of the new century!
Although this kind of confidentiality regulations is very good for customers, it also exposes the disadvantages of lack of transparency, which objectively facilitates criminal activities such as tax evasion and money laundering.For this reason, Switzerland, together with Austria, Luxembourg and other countries that also abide by the tradition of bank secrecy, has been criticized by the outside world, and has long been known as a "tax haven" in Europe.

At the beginning of the second decade of the new century, international pressure gradually began to loosen the secrecy system of the Swiss banking industry, especially the big rogue United States, which relied on its power to overwhelm others, plus other European banks. The booing of developed countries, the secrecy system of the Swiss banking industry is now gradually beginning to end.

But even so, among Swiss banks, there are still some extremely old private banks that still stick to that bottom line. No matter what anyone says, they will never let go, and resolutely implement the confidentiality system pursued by private banks to the end!

In Switzerland, private banks are an important part of the banking industry.And Swiss private banks pursue low-key secrecy and respect for privacy!And this is the biggest difference between Swiss banks and Anglo-American banks!

If you want to live comfortably, you must live in a low-key way!This is the accepted slogan of Swiss private banks.

Swiss private bankers basically believe in Protestantism in Christianity, advocating frugality, diligence, humility, integrity, self-esteem, opposing extravagance and corruption, and breaking faith.

In this respect, private banks in Switzerland are unparalleled, and private banks in any country in the world cannot match Swiss private banks.

Among the many private banks in Switzerland, there is one private bank that is the most famous, and this bank is the well-known Long Odagen Bank.

Lombar Dachen Bank is the abbreviation of Lombard Odile Darrier Hench Bank.This is a bank formed by the merger of two private banks, but it is also a private bank. Its predecessors are Lombard Odile Bank and Darrier Hench Bank.

There is a saying in the private banking world: "If you haven't heard the name of Long Odagen Bank, the biggest reason is that you are not rich enough."

In 1796, when China was still at the end of the Qianlong period of the Qing Dynasty, Henry Hench founded a trading company in Geneva, which was mainly engaged in silk and other textile trade and brokerage services. The company was the predecessor of Darrier Hench Bank.Because the business of private banking is simply to manage money on behalf of clients, the company established by Henry Henchy has also become the world's first private bank!
In the 19s, the second generation of partners took over the company, and at the same time the new partner Charles Odile joined, and the Longo Dachen Bank began to develop financial services in sea, river and railway. In the mid-to-late 30th century, under the diligent management of partners Alexis Lombard and James Odile, Lom Odagen became a well-known bank in Geneva.

In the 20s, Long Odahen Bank pioneered the mutual fund business in Europe. In 70, the two companies of Lombard Odile and Darrier Hench merged and changed their name to the Bank of Lomardagen.

Up to now, Longao Dahen Bank has developed for more than 220 years, which is longer than the history of Louis Vuitton and Hermes.Although the $700 billion in assets managed by Londagen Bank is much smaller than the trillions of dollars in assets managed by major international banks such as UBS, Citigroup, and HSBC, but Londahen Bank Deliberately keeping it small and refined is not only to maintain the tradition, but also to determine its position in this fiercely competitive market.

Because the eight partners of Long Odahen Bank know very well, "No one understands the needs of rich people better than rich people!"

After more than 200 years of development, the bank's customers have changed from grandparents to grandchildren, and the partners of Long Odachen have also succeeded from generation to generation, and the torch has been passed on from generation to generation.Here it truly embodies "absolutely respecting privacy, assuming unlimited responsibilities, and rejecting unsteady growth", and Long Odahen interprets the values ​​of classical private banks.

When Fitch Ratings gave Longao Dahen Bank the highest 3A rating, it wrote, "The 3A rating is based on: the bank has strong capital strength, low-risk operation, high performance return rate, long history and tradition and impressive An awe-inspiring industry standard."

Longao Daheng adopts the unlimited liability partnership system, and the eight partners of the bank assume unlimited joint and several liability for Longaodahen.That is to say, if one day the bank fails, the partners will use all their net worth to repay the client's losses.This is very different from financial giants such as UBS, Citigroup, and HSBC.As a fully private bank, Long Odagen does not have to bear short-term shareholder pressure, nor will it conflict with the interests of customers.

Relying on the concept of "prudence", Long Odahen successfully survived more than 40 financial crises without receiving any external financial assistance.Its Tier 20 capital ratio is as high as 2.5%, equivalent to [-] times the international legal standard.

Long Odahen hopes that the investment philosophy of customers can match his "prudence".If a client walks into Longao Dahen with one billion dollars, but what he expects is high-yield financial management, then Longaodahen will just say sorry, please go to another place.Because relative to profit, Long Ao Dahen cares more about long-term reputation.

The "Lombard Odile Bank" mentioned in the notebook that Yang Jing found in the basement of the house by the lake in Chascomus, Argentina, was one of the predecessors of the Longodahen Bank.

In other words, if Yang Jing and the others want to take out the materials that Martin Baumann let his subordinates store here more than 70 years ago in the underground vault of the "Lombard Odile Bank", they need the current Lombard Walk around Heng Bank headquarters.

In Switzerland, the most famous city is not Bern, the capital of Switzerland, nor Zurich, the largest city, but Geneva, a city located in the southwest corner of Lake Geneva.

Although Geneva is close to the Swiss border and is the second largest city in Switzerland, it is the most famous city in Switzerland and the most glorious business card of Switzerland.

Geneva is not only the headquarters or offices of many international organizations, but also the watch industry and banking industry here are extremely developed.And the birthplace of the world's private bank is in this city.The savings asset finance managed by private banks in this city alone accounts for about 35% of the world's total!

At No. 11 Corraterie Avenue in Geneva, there is an inconspicuous four-story white stone building, which is the headquarters of the Long Odagen Bank.

That afternoon, just as the setting sun was about to withdraw her last ray of sunshine into its embrace, a motorcade stopped in front of the headquarters building of the Lonaudachen Bank.

Under the protection of three Mercedes-Benz big Gs, one in front, two in the rear, an extended bulletproof Mercedes-Benz S600 sedan parked steadily in front of the headquarter building of Longaodahen Bank.Chris and the others, dressed in capable bodyguard attire, quickly surrounded the Mercedes-Benz sedan, and after a series of commands, the door slowly opened, and Ge Ge got out of the car holding Yang Jing's arm.

It's not that Yang Jing deliberately pretended to be compared. It's really that if you want this kind of private bank with an ancient history to value you, you have to show your own spectrum.Although Long Ao Dahen believes in "low-key and cautious", but in this kind of place, if you pretend to be low-key, people will really ignore you.

Not to mention that you are not here to save money, you are here to take things that have been kept for more than 70 years!
According to the regulations of the Swiss banking industry, once the storage period exceeds the storage period, the bank has the right to dispose of those items.

People have kept them for more than 70 years, and seeing that they can deal with these things in more than 20 years, you ran over to take them away
Of course, this is a joke.

The fact is that Yang Jing and Gege have to make a gesture if they want to successfully get out the materials that were kept here!
PS: Bow and thank "Very Lazy Fish" for the 100 tip.

(End of this chapter)