Chapter 374 Partner
“Senior Partner?”
Seeing the promotion terms at the back, Huo Yan’s heart moved and he couldn’t help but pay more attention.
The current Hanhua is no longer the Caotai team three years ago.
The rules and regulations have been perfected, and we have the ability to attract top talents to join.
Therefore, when financial talents like Huo Gang join, they generally will not be given shares.
However, as the pinnacle of career promotion, senior partners can still obtain shares in Hanhua.
But this part of the shares is not easy to get.
Senior Partner will be promoted only if the growth rate of the fund he is responsible for has exceeded 10% for three consecutive years.
For people who work in finance, it is not difficult to achieve a 10% growth in the funds they are responsible for in one year, but it is different for three consecutive years.
The difficulty increases exponentially.
Only those with truly top financial talents can do it.
“Sure enough, promotion in Chinese-funded financial institutions is better than foreign investment.” Huo Yan said in his heart.
In Morgan Stanley, no matter how talented he is, he is just a tool to make money. He will never be able to get promoted to a senior partner or get shares.
Swish, swish.
Signed his name at the end.
Of course, there is also a three-year non-compete agreement.
Xu Liang took it and took a look at it, then nodded with satisfaction.
“We will be a family from now on.”
“Thanks to your respect, I will do my best to contribute to the development and growth of Hanhua.”
Xu Liang nodded and said, "The London branch has just been established. As the general manager of the company, you should set up the company in the next few days. By the way, also think about it, what is the name of the new fund you have?"
"Okay."
After talking to Huo Yan, we had dinner and let him go.
The other party's work efficiency was beyond Xu Liang's expectations.
In just two days, with the help of Hanhua’s staff, the establishment of the London branch of Hanhua Capital was completed.
City of London, First Canada Square.
As the tallest building in the UK, being able to locate offices here is a symbol of strength and status.
When Hanhua Capital first arrived, it needed such external conditions to demonstrate its status and strength.
So Xu Liang authorized Hanhua Capital to rent 500 square meters as its London office in the most expensive place in the UK.
With Hanhua Capital currently having less than thirty employees, such a large area is considered a luxury. However, it also leaves enough room for expansion for the company.
Xu Liang stood in front of the floor-to-ceiling window, overlooking the entire British financial heart, and couldn't help but have the illusion that the world was in his hands.
Take a breath, smooth out the messy thoughts, and then turn your head.
Looking at Huo Yan, who was wearing a crisp black suit and looked extraordinary, he nodded with satisfaction.
"You have done well these two days."
"It's all what I should do." Huo Yan said modestly.
Xu Liang smiled and said, "Thirty million US dollars of funds will be transferred into the Taotie Fund in three days, and the specific investment direction will be left to you."
Huo Yan was overjoyed and quickly thanked him.
Taotie Fund is the name he gave to the fund he manages.
The glutton is a ferocious beast that swallows everything, which is in line with the meaning of hedge funds.
“In addition, the head office will transfer a sum of US$200 million to you for control. Your task is to use this money to acquire as much equity as possible in the Premier League giant Manchester United.”
As the general manager of the London branch of Hanhua Capital, Huo Yan is not only responsible for the investment of Taotie Fund, but also responsible for the European business of the head office.
He knew this when he signed the contract, so it was not surprising.
I just didn’t expect that the company would place a huge order of US$200 million as soon as it made the move.
And it’s a football giant like Manchester United.
"Mr. Xu, are we going to leverage a buyout of Manchester United?"
Xu Liang nodded, "The British football industry is commercialized enough, English is the world's first language, and the economies of English-dominated countries are sufficiently developed, which means that the market potential of British football is large enough, so I am optimistic about the potential of the Premier League. "
Huo Yan nodded, "Mr. Xu. As a British football giant, Manchester United has too much influence. In 1998, Murdoch wanted to acquire it, but in the end, the fans, the Football Association and the British government joined forces. It failed despite opposition.
If we acquire it, it will probably be very difficult.”
Xu Liang also learned about Murdoch’s acquisition of Manchester United during this time.
“The reason why Murdoch failed is mainly because he is the owner of Sky TV and controls the broadcast rights of the Premier League. If he wins the club again, it will easily lead to a monopoly.
We at Hanhua Capital do not have this problem.
As long as our funds can pass the FA's review, there will be no problem in acquiring Manchester United. "
As for the fans.
In this world, it is never the majority at the bottom that can really influence decisions.
"Our funds at Hanhua Capital come from all over the world. Financial institutions and wealthy people are no problem in themselves, and the FA should not hinder us in this regard. "Huo Yandao.
Xu Liang nodded and said: "First acquire Manchester United's shares from the secondary market. When enough shares are acquired, you can visit the Football Association.
Remember to mention the Chinese market.
I believe that the FA should be happy to expand the Premier League's global influence, and China, with a population of nearly 1.3 billion and a rapidly developing economy, is our biggest weight."
Huo Yan nodded. .
"Mr. Xu, do you have any other requirements for a leveraged buyout of Manchester United? Should you get as many shares as possible in the shortest time, or should you spend as little money as possible to get the shares?" ”
Xu Liang thought about it.
If you take more shares in a short period of time, you will definitely spend more money. The latter is the opposite, but the disadvantage is that the variables are too large.
The key is that he doesn’t remember when the Glazer family made a move to acquire Manchester United?
If once caught in a fight.
The acquisition cost is even greater.
"Given you a month, how much can you acquire?" Xu Liang asked.
“At least 30%, but Manchester United’s market value will increase by 50%.”
Quick acquisition will lead to a rapid rise in stock prices, that’s for sure.
“How about two months?”
"20%, but Manchester United's market value will increase by at least 15%."
As the acquisition time is extended, there will be many uncertain factors. In particular, many speculative institutions will rush in to raise funds, and the equity acquired will naturally be much less.
“If it is extended to half a year, I am confident that Manchester United’s market value will not exceed 300 million pounds, and we will acquire 30% of the equity.” Huo Yanconfidence said.
Xu Liang thought for a while.
Manchester United has already had the experience of being acquired once, and will naturally resist outsiders like him.
Once the acquisition is extended, the pressure from fans, the Football Association and other aspects will increase exponentially.
So the best way is to use a stormy attitude to get enough shares first and take the initiative. By that time, unless John Bull disregards face and intervenes through administrative means, it will not be able to stop Hanhua's acquisition.
After making a decision in his heart, Xu Liang turned around.
“The first 5% of the shares must be acquired as much as possible without alarming the market. When you get the 5% of the shares, I want you to launch a blitzkrieg in half a month, no matter the cost Get shares. "
According to the rules of the securities market, after investors obtain 5% of the shares, they must submit an 'Investment Letter of Intent' to the Securities Commission and the target company within 15 days to indicate their investment purpose.
Many hedging institutions will use this half-month time difference to acquire as many shares as possible in order to avoid competition from competitors and take the initiative without giving the target company time to react.
Huo Yan was so excited that he quickly agreed.
When he was at Morgan Stanley, as a trader, his favorite thing was the blitz.
"One more thing. You will attend the Standard Chartered shareholders' meeting with me in three days."
"Standard Chartered's shareholders' meeting?" Huo Yan was surprised.
I didn’t expect the big boss to be so rich.
Standard Chartered is a truly global financial giant with a market value of nearly 10 billion and business spanning more than 80 countries and regions.
Being able to participate in the shareholders' meeting means that the big boss holds at least 5% of the equity.
This is a huge sum of money.
“I am a major shareholder of Standard Chartered. By participating in the shareholders’ meeting this time, I can get two seats on the board of directors. I will have one seat, and I plan to let you take the remaining one.”
"Me?"
This was really beyond his expectation.
Xu Liang nodded, "Standard Chartered's headquarters is here. As the general manager of Hanhua London Branch, you are the most suitable candidate because of the convenient location."
Original plan This board seat is going to Jiang Xiaoyang.
But the latter did not want to travel between China and London, so he refused.
Huo Yan reacted quickly and agreed.
Being able to serve as a director of Standard Chartered, a banking giant, and be deeply involved in its management will undoubtedly greatly enhance one's status and influence in the financial industry, making it easier to carry out Hanhua Capital's business.
——
The time soon came to October 8th.
You can see luxury cars entering and leaving the Waldorf Astoria Hotel in London.
When a latest Mercedes-Benz parked at the door, Xu Liang and Huo Yan walked down from it.
Meeting Lu Hui and Huo Gang who came out of the second car, the four of them walked hand in hand towards the interior of the hotel.
After showing the invitation letter, he was guided to the conference room by Standard Chartered staff.
When he came in, the place was already mostly full.
"Mr. Xu?"
The familiar voice made Xu Liang look over subconsciously. A familiar person was walking towards him quickly.
"Mr. Qiu, we meet again."
Qiu Jinshan walked over quickly and extended his right hand enthusiastically.
"Just now I was wondering if Mr. Xu would come, but I didn't expect you to actually come."
Qiu Jinshan said with a smile.
"It's your first time attending the Standard Chartered shareholders' meeting. You can't be late."
Qiu Jinshan nodded in agreement and changed his eyes.
"This is...?"
"Let me introduce. This is Huo Yan, the general manager of our London branch of Hanhua Capital."
"Mr. Qiu , Hello.”
Huo Yan stretched out his right hand.
"Hello, hello. Mr. Huo is a talented person with extraordinary temperament. It is obvious that he is also a rare financial genius."
"You have given me the award."
Huo Yan was reserved. smiled.
After the two greeted each other, Qiu Jinshan smiled.
"Mr. Xu is really a genius, and Hanhua Capital is developing better and better under your control."
"I need more support from Mr. Qiu." Xu Liang said with a smile.
"Haha, we definitely support it."
The occasion was wrong, so the two of them didn't chat much. After saying hello, they walked to the seat with the nameplate and sat down.
(End of this chapter)