Chapter 476 Private Asset Management Team
Even though Luo Yang didn't know much about this industry, he knew that banks must have this business.
When it comes to using money to make money, banks are always involved.
“Apart from banks, the most common asset management model in the world is trust.”
Cong Shanshan put down her knife and fork and raised the wine glass.
She raised her glass and gestured to Luo Yang, then explained: "The trust subjects include the trustor, the trustee and the beneficiary. The trustor is the creator of the trust relationship. He should be a natural person, legal person or other organization established in accordance with the law with full civil capacity."
"Trust. The trust institution you are talking about has nothing to do with the bank?"
When it comes to the word "trust", even a layman like Luo Yang feels familiar with it.
He didn't wait for Cong Shanshan to finish, and interrupted with curiosity: "And according to what you mean, the client doesn't have to be an individual, it can also be a company?"
"Mr. Luo, trust institutions are indeed non-bank financial institutions. Speaking of this, we have to mention the trustee."
Cong Shanshan shook the goblet in her hand, then tilted her head back, revealing her swan-like white neck, and elegantly took a sip of the red wine.
Then he calmly explained: "The trustee is responsible for managing and disposing of the trust property. He should be a natural person or legal person with full civil capacity. He is obliged to manage the trust property in accordance with the legal provisions of the trust document. In my country, the trustee refers specifically to a trust and investment company established with the approval of the China Banking Regulatory Commission, which is a non-bank financial institution."
China Banking Regulatory Commission.
An institution with super power.
After explaining the first two nouns, the last concept is beneficiary.
Even without Cong Shanshan explaining the concept, Luo Yang could roughly guess it. It is nothing more than the person who enjoys the beneficiary rights in the trust, which can be a natural person, a legal person, or other organization established in accordance with the law.
It could even be an unborn baby.
"As for the beneficiary, I believe Mr. Luo can understand it based on the literal meaning."
Sure enough, when explaining the last word, Cong Shanshan did not elaborate, but just gave an example: "Many first-generation entrepreneurs in China started their businesses in the 1980s and 1990s. By now, they are basically over 50 years old, and many of their children are enjoying the benefits of the trust."
Of course, there are also rich second-generations who enjoy equity dividend distribution.
In fact, this is also a phenomenon caused by the characteristics of the times. As early as the beginning of reform and opening up in the 1980s, many startups were started by family members’ partners. After the companies grew bigger, the equity became relatively dispersed, and the family-based nature of the companies was inevitable.
After entering the new century, the first generation of entrepreneurs began to train successors as they grew older.
Among the descendants, there are outstanding ones and those who maintain the status quo.
But more are mediocre and incompetent.
Letting mediocre and incompetent people take over the family business will have only one result: the family fortune will be squandered completely within a few short years.
At this time, the role of trust institutions is reflected.
Set aside a sum of money and give it to a trust institution to operate. Take out part of the profits every year and distribute them to those mediocre and incompetent descendants. This will allow you to enjoy a wealthy life, but don't let them bring harm to the family business.
"In fact, this has been practiced for many years in developed Western countries, especially in those century-old families with many descendants. It is not uncommon at all."
Cong Shanshan smiled and said to Luo Yang: "This model is also gradually becoming popular in China."
“So that’s how it is”
Luo Yang had only a vague understanding of it before, but after listening to Cong Shanshan's explanation, he finally had a clear concept.
"Then what are the larger and more powerful trust companies in China?"
"China Resources Trust, CCB Trust, Shanghai Trust, Ping An Trust, CITIC Trust, Huaxin Trust, Yingda Trust."
Cong Shanshan thought for a moment and replied: "The scale of these trust companies is basically at the trillion level. Whether in terms of reputation or ability, they are among the top trust companies in China."
"That's it"
Luo Yang nodded and fell into deep thought.
This is so because his asset management is a bit special.
First of all, when it comes to asset allocation such as stocks and securities, he does not need a trust company to make decisions on his behalf. As a person with information asymmetry, Luo Yang knows which long-term investment stocks have higher returns.
The second thing is the equity he has invested in. Needless to say, who would know better than him which company has greater growth potential in the future and which company will see a huge increase in returns after investing in it?
After all, all he wanted was a management function on his behalf.
As for funds, Luo Yang is currently in the rising stage of his career and will invest all his money into new industries.
Not to mention hundreds of millions or even billions, even if there were 10 billion, it would still not be enough.
With this money, can't we develop new energy vehicles?
Can't I just use a smartphone?
Isn’t it possible to adopt the Pinduoduo model?
Can’t I use Didi Taxi?
For a moment, Luo Yang hesitated.
Maybe you don’t need asset entrustment management at this stage?
Thinking of this, he couldn't help but tell Cong Shanshan about his confusion.
".From some perspectives, I am confident that I have stronger investment capabilities, but you also know that I now have so many companies under my name that need to be managed. I don't have so much spare time or energy. In this case, is there a better way?"
Cong Shanshan ignored the first half of Luo Yang's words.
"This situation isn't difficult."
"Isn't it difficult?"
"Wouldn't it be enough for Mr. Luo to set up a private financial management team?"
Cong Shanshan smiled and said: "Many bigwigs have such teams around them, from investment to financial management, from asset management to asset allocation. The size of the team depends on the wealth of the employer, ranging from three to five to more than a dozen people."
more than ten.
For this kind of professional talent, the starting annual salary is at least hundreds of thousands, and millions or even tens of millions are not uncommon.
For a team of more than a dozen people, the annual salary expenses would be hundreds of millions.
It seems that Luo Yang at this stage
“I want to form a team like this!”
Luo Yang pondered for a moment and made up his mind: "Three or five people are enough at this stage, including a professional lawyer and a professional financial officer."
"How large is the scale of assets that Mr. Luo needs to entrust?"
When Cong Shanshan heard that Luo Yang was planning to form such a private team, her eyes lit up.
"The current assets of stocks and investment projects are about 20 million."
Luo Yang thought for a moment and said, "If we want to form a team, I will raise another 30 million in cash, so that the initial scale will not be less than 50 million."
“What about in the next five years?”
Cong Shanshan bit her lower lip, stared at Luo Yang and asked, "In the next five years, Mr. Luo plans to expand his private asset management scale to what extent, and how many team members do you plan to add?"
Luo Yang: “.”
How do you say this?
In the next five years, the shares of Toutiao will be worth at least 100 billion, right? Are the shares of miHoYo worth 30 billion?
And Luo Yang will continue to follow up on other investments.
But if I tell Cong Shanshan this number, she might think Luo Yang is crazy.
"About 1 billion!"
Luo Yang very "conservatively" gave a reliable number: "The management team needs at least a dozen people."
"Whoosh, whoosh!"
Cong Shanshan's breathing suddenly became heavy.
"Mr. Luo." "Hmm?"
"What do you think of me?"
Sure enough, this woman is greedy for my money!
"Manager Cong, are you willing to give up your current job?"
You should know that Cong Shanshan is now the senior manager of the credit department of Ningbo Bank's Pudong Branch in Shanghai. She is at least a middle-level cadre, right?
Moreover, Ningbo Bank also has the nature of local state-owned assets.
"If it were someone else, I would definitely hesitate and think twice."
Cong Shanshan replied to Luo Yang seriously: "But you are only 22 years old this year. I still remember that when I met you last year, Nayuki was just beginning to take shape and Lemon CC was just starting out. In just over a year, Luo Sheng Tang has achieved billions in sales and you have more than one Luo Sheng Tang in your hands!"
In the past year or so, Luo Yang has had a lot of cooperation with Yongcheng Bank.
Especially in Yang City, Guangfan Electronics' loan was originally guaranteed by Qingqing Garment Factory.
Another company that is as big and profitable as Luo Shengtang is hidden in a county-level city. Cong Shanshan knows it very well.
Not to mention the land mortgage loan replacement project before the end of last year, which further made her see Luo Yang's strong capital.
Luo Yang had just answered her question, saying that in the next five years he would expand the private asset management team to more than a dozen people and increase the asset size to about one billion yuan.
She was convinced of this.
As for the job at Yongcheng Bank
If it weren't for Luo Yang, she would still be working as an ordinary manager. Without Dong Xuan's background and connections, it is possible that she would not change her position for three to five years. Even if she was willing to sleep with him, is there a shortage of beauties in this system?
Last time, I was almost stolen by a younger bitch.
So when you meet a big shot like Luo Yang, you should grab the opportunity.
"Don't you need to think about it again?"
Luo Yang was not surprised. He looked at Cong Shanshan and asked again, "It takes courage to jump out of the banking system. I'll give you a few days to think about it."
"Boss Luo, there's no need to think about it!"
Cong Shanshan said firmly: "Please leave a place for me in the team you form. Please trust my professional ability and loyalty!"
When it came to the level of loyalty, she stood up.
"Well, since you are so determined to follow me, I will reserve a spot for you."
Luo Yang nodded and said, "Please prepare a resume and describe your abilities and specialties so that I can help you determine the team. The team will be formed by the end of this month, and I will notify you one week in advance of the specific time when you will start work."
"Okay, boss!"
At this time, Cong Shanshan even changed the way she addressed him, from Mr. Luo to boss.
A week's notice was enough time for her to submit her resignation report and complete the resignation procedures.
"Sit down, eat first and then talk."
The night is long and there is plenty of time. It’s not a big deal to chat on an empty stomach.
Next, Luo Yang finished a steak, a bowl of borscht, and a lobster, while Cong Shanshan barely finished her fillet steak.
"I plan to register this team under the name of the Group Directors Office. Do you think this is appropriate?"
After the conversation scene moved to the balcony, Luo Yang talked about his thoughts.
"Isn't this completely unnecessary?"
Cong Shanshan looked at Luo Yang in confusion and said, "Boss, private asset management must always be private. If it is registered under the name of the group's board of directors, it will be fine in the short term. Once the group's subsidiaries go public in the future, the annual audit will be more stringent. Do you plan to make it public or not?"
Forehead.
Luo Yang was stuck.
He couldn't explain it well.
The reason why they wanted to register it under the name of the Director's Office was to let the group pay part of the salary.
After all, the pattern is still not enough.
"In the future, there will certainly be more than one listed subsidiary of the group. If we want to make the audited financial statements public, that would be counterproductive."
Luo Yang promptly retracted this thought and changed the subject, "In the early stages, it's mainly management. As for investment, just follow my instructions. So I don't require any great power to take the helm. You should help me take charge first."
Upon hearing such good news, Cong Shanshan was overjoyed.
She immediately rubbed against Luo Yang's legs like a Persian cat, tilted her head back, and her eyes were full of love.
“How much did you earn a year in the bank before?”
Since Cong Shanshan is willing to give up her previous stable job, we can't treat her unfairly.
"With salary, performance and bonus, it's probably around 100 to 200,000 yuan a year."
Cong Shanshan told the truth: "Last year, because you helped me a lot in business, I got a lot of bonuses. In total, I got more than 300,000 yuan in a year. In addition, thanks to you, I got the channel financing business, and Director Dong also gave me some money."
"How about this, I'll temporarily give you a monthly salary of 4, and the year-end bonus will be calculated separately."
A monthly salary of 4, plus various subsidies, would mean an annual salary of .
It is only 2012 now, and this salary level is well within the white-collar level even in a city like Shanghai.
"Thank you, boss. I will work hard to manage your personal assets."
Cong Shanshan expressed her loyalty while rubbing her cheek against Luo Yang's palm: "Shanshan will do it if there is something to do, and Shanshan will do it if there is nothing to do!"
Luo Yang: “.”
The conversation was going well, but was derailed by Cong Shanshan's words.
The atmosphere suddenly became strange.
"Do you know Chu Jing from the Director's Office?"
Luo Yang felt that he had not finished explaining everything and could not take care of the training of the Persian cat for the time being.
"Yes, I know her. I remember she is also a finance major, right?"
"She is now working part-time as my personal secretary."
Luo Yang stroked Cong Shanshan's cheek and said, "Contact her later. This team still needs to recruit professional lawyers, professional financial personnel, and professional investment and financial personnel. You still have to work in the bank for the time being, so you can help her with the recruitment."
"Boss, can we limit the number of team members to 5?"
"Chu Jing doesn't count. Including you, let's start with five people."
Luo Yang nodded and said, "Except for you, the salaries of the rest of the staff are temporarily set at between 15K and 25K, and the year-end bonus is calculated as 3 to 6 months' salary. Of course, when you are allowed to invest and manage your own finances in the future, the bonus will become a profit-sharing model."
There is no upper limit to profit sharing.
Cong Shanshan, who works in the financial system, knows that in some large investment banks, excellent project teams will receive dividend bonuses of tens of millions. Although the leader takes half, the team leader takes half of the other half, and the rest is distributed among team members, the average amount is still hundreds of thousands per person.
"boss"
Cong Shanshan stuck out her tongue and licked her lips: "Please wait for me for a moment!"
Ok?
Luo Yang watched her run to the porch and quickly run back with her bag.
Huh?
What is this ball?
Eh?
Why is there a horsewhip?
(End of this chapter)
