Chapter 907 Long Odahen
When it comes to Switzerland, people all over the world may think of the first thing they think of are clocks, banks and picturesque scenery.
Although Switzerland has a small land area, and mostly it is mountainous and plateau, it is still a landlocked country without any sea outlets, but Switzerland is one of the richest, most stable, most developed, and has the highest living standards on the planet. There are only a handful of countries in the world that can compete with Switzerland.
Although Switzerland’s watches and tourism are extremely famous, Switzerland’s most famous business card is the banking industry!
As one of the most stable economies in the world, due to its long-term policies, a secure financial system and a bank confidentiality system, Switzerland has become a safe haven for tax avoiding investors. Since the 17th century, Switzerland's banking industry has begun to emerge all over the world, and has continued to develop steadily to the present, and has formed a highly developed banking industry led by UBS Group and Credit Suisse. It has not only become the most important economic pillar of Switzerland, but also occupies an important part of 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 the global leader in international asset management. Switzerland's banking industry manages more than 3.3 trillion Swiss francs, approximately US$2.75 trillion in assets, with half of which comes from other countries.
The main reason why Switzerland's banking industry can attract so much money from all over the world is that the confidentiality system of the Swiss banking industry is so great that depositors can't find a reason to reject Swiss banks!
A bank keeps confidentiality for customers refers to a bank's obligation to keep silent on all matters of the client. This is not only the most basic thing a bank needs to do, but also a supreme power for the client.
But, banks in many other countries in the world cannot do this well, because for one reason or another, even large international banks such as Citigroup, ****, and HSBC cannot keep depositors completely confidential.
However, in Switzerland, keeping customers confidential is the foundation pursued by Swiss banks and is even written into the constitution.
It is precisely because of this excellent confidentiality system that the Swiss banking industry has always been the most competitive bank in the world before the first decade of the new century!
Although this confidentiality regulation is great for customers, it also exposes the disadvantages of lack of transparency, which objectively provides convenience for criminal activities such as tax evasion and money laundering. Therefore, Switzerland has been criticized by the outside world, along with Austria, Luxembourg and other countries, which also adhere to the tradition of bank confidentiality, and has long been called the "tax haven" in Europe.
Starting from the second decade of entering the new century, international pressure gradually began to loosen the confidentiality system of the Swiss banking industry, especially the big gangster United States, who relied on its power to suppress others. In addition to the clamor of other developed European countries, the confidentiality system of the Swiss banking industry has now gradually begun to end.
However, even so, among the Swiss banks, there are still some extremely ancient private banks that still stick to that bottom line, and never let go no matter who says it, 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. Swiss private banks pursue low-key confidentiality and respect privacy! This is also the biggest difference between Swiss banks and British and American banks!
To live comfortably, you must live a low-key life! This is a recognized slogan by Swiss private banks.
Swiss private bankers basically believe in Protestantism in Christianity, advocating frugality, diligence, humility, integrity, self-esteem, oppose extravagance, corruption, and betrayal of faith.
In this regard, Swiss private banks are unparalleled, and private banks in any country in the world cannot be comparable to Swiss private banks.
Among the many private banks in Switzerland, one private bank is the most famous, which is the famous Longaudahen Bank.
Longaudahen Bank is the abbreviation of Lombard Odir Darier Henchi Bank. This is a bank formed by the merger of two private banks, but it is also a private bank. Its predecessor was Lombard Odir Bank and Darier Henchi Bank.
There is a saying in the private banking world: "If you haven't heard of the name of Longaudahen 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 Henchi founded a trading company in Geneva, mainly engaged in silk and other textile trading and brokerage services. The company was the predecessor of Darier Henchi Bank. Because the business of private banks is simply to manage financial services on behalf of customers, the company established by Henri Henchi became the world's first private bank!
In the 1830s, the second-generation partner took over the company, and the new partner Charles Odir joined, and Longaudahen Bank began to develop financial businesses in sea transportation, river transportation and railways. In the mid-to-late 1800s, under the efforts of partners Alexi Lombard and James Odir, Longaudahen became a well-known bank in Geneva.
In the 1970s, Longaudahen Bank was the first to operate mutual fund business in Europe. In 2002, Lombard Odir and Darier Henchi merged and renamed Longaudahen Bank.
Until now, Longaudahen Bank has developed for more than 220 years, which is longer than Louis Vuitton and Hermes. Although Longaudahen Bank manages $170 billion in assets and those managed by major international banks such as UBS, Citi, and HSBC, which are often trillion in assets, Longaudahen deliberately maintains its smallness and fineness, not only maintains tradition, but also determines its position in this fiercely competitive market.
Because the eight partners of Longaudahen Bank are very clear, "No one knows the needs of rich people better than rich people!"
After more than two hundred years of development, the bank's customers have been replaced from grandpa to grandson, and Longaudahen's partners have also been replaced for generations, and have been passed down from generation to generation. Here, it truly reflects "absolute respect for privacy, assume unlimited liability, and refuse non-stable growth". Longaudahen interprets the values of classical private banks.
Fitch Rating gave Lonordahen Bank the highest rating of 3A, wrote, "The 3A rating is based on: the bank has strong capital strength, low-risk operations, high performance returns, a long historical tradition and awesome industry standards."
Longaudahen adopts an unlimited liability partnership system, and eight banks' partners bear unlimited joint and several liability to Longaudahen. That is to say, if the bank goes bankrupt one day, the partners will use their entire net worth to repay the losses of their customers. This is very different from financial giants such as UBS, Citi, and HSBC. As a completely private bank, Longaudahen does not have to bear short-term shareholder pressure, nor will it conflict with the interests of customers.
Relying on the concept of "caution", Longaudahen successfully survived more than 40 financial crises and did not receive any external financial aid. Its tier 1 capital ratio is as high as 20%, which is 2.5 times the international statutory standard.
Longaudahen hopes that the investment philosophy of customers can match their "caution". If a customer comes to Longaudahen with a billion dollars, but what he expects is high-yield financial management, Longaudahen will only say sorry, please go to the place. Because compared to profits, Longaudahen cares more about long-term reputation.
The "Lombard Odir Bank" mentioned in the notebook Yang Jing found in the basement of the lakeside house in Chascomus, Argentina is one of the predecessors of the Lombardy Bank.
In other words, if Yang Jing and the others wanted to retrieve the information that Martin Bowman had allowed his subordinates to exist here more than 70 years ago, they would need to go to the current headquarters of Longaudahen Bank.
In Switzerland, the most famous city is not the capital of Switzerland, Bern, nor the largest city of Zurich, but the city of Geneva, 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. Moreover, the birthplace of private banks in the world is in this city. The savings assets and finance managed by private banks in this city alone account for about 35% of the world!
At 11 Corraterie Street, Geneva, there is a not-so-conspicuous four-story white stone building, which is the headquarters of the Lonordahen Bank.
That afternoon, just as the sun settling west was about to take her last ray of sunshine back to her arms, a convoy stopped in front of the building at the headquarters of Longaudahen Bank.
Under the protection of three Mercedes-Benz Gs, one, two, and the other, a lengthened bulletproof Mercedes-Benz S600 sedan parked steadily in front of the headquarters building of Longaudahen Bank. Chris and his team were wearing slim bodyguard clothing and quickly surrounded the Mercedes-Benz sedan. After a series of orders, the door slowly opened and the princess took Yang Jing's arm and got out of the car.
It’s not that Yang Jing deliberately pretends to be compared. If you really want this kind of private bank with ancient history to pay attention to you, you must present your own spectrum. Although Longaudahen believes in "low-key and cautious", 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 get things that others have kept for more than 70 years!
According to the regulations of the Swiss banking industry, once the stored things exceed the storage period, the bank has the right to deal with those things.
They have been insured for more than 70 years, and they are still more than 20 years away from being able to deal with these things. You are so desperate that you have come over to take them away...
Of course, this is a joke.
The fact is that if you want to successfully produce the information you saved here, Yang Jing and Princess must make a gesture!
Chapter completed!