Chapter 635

Simon returned to the Greenwich manor. Janet, who had arrived in advance, met the man in front of the villa door and made a friendly gesture. She took him by the arm and entered the living room together.

The couple sat down on the sofa in the living room. Simon asked about the results of the woman's trip to Boston.

With the rise of cersei capital's Heiyan asset management company, many large financial groups began to pay attention to this business. Before Heiyan, although professional asset management companies had developed for many years, there was no such company with a scale of US $200 billion. Most financial enterprises paid more attention to hedge funds on the basis of traditional business And private equity.

Heiyan asset management company wins completely by scale. When it reaches a certain scale level, the risk is still very low, but the income is high enough, which makes other financial giants unable to calm down.

Wall Street has always been famous for its mystery and power.

In fact, before the 1990s, the strength of Wall Street was far less powerful than that after the new century, and the financial industry of European countries was still able to compete with that of the United States.

The real pattern change began in the 1990s. The continuous economic turbulence and recession in Europe and Asia led to a large amount of capital flowing to the United States, where the economy continued to prosper. The federal authorities also continued to relax the regulation of the financial industry in the 1990s, eventually creating a strong situation for Wall Street in the world after the new century.

Whether it is hedge funds, private equity or asset management industry, Wall Street in the 1990s showed a ten fold level of rapid growth.

The total size of hedge funds has increased from tens of billions of dollars in the 1980s to trillions of dollars after the new century. After the craziness of the 1980s, private equity no longer uses leverage without restraint, but its overall scale continues to increase. The business model tends to be conservative in the asset management industry, and it has developed into trillions of US dollars of super giant from the top tens of billions of US dollars of asset management scale in the 1980s.

Considering the overall development strategy of westero system, among the three subsidiaries of cersei capital, Simon attaches the least importance to cersei fund management company, which is mainly engaged in hedge fund business, and the most importance to Heiyan asset management company, which is in charge of Lawrence Fink.

Black rock asset management company's recent total asset size has exceeded $210 billion, but Simon is not satisfied.

Since the beginning of the year, Janet has been planning a cut-off. Her target is Boston based State Street bank, an old banking giant, which was considering setting up an independent asset management subsidiary similar to black rock.

Later on, if people are interested in the ownership structure of large American enterprises, they will surely find that whether it's apple, Google, Amazon, or Ge, Boeing, ExxonMobil, the top public shareholders can usually find two names: "BlackRock Inc." and "state street." The former is black rock group and the latter is State Street bank.

Even though the overall asset management scale has not been comparable with that of Heiyan group, the strength of State Street bank, which is usually among the top five public shareholders of large enterprises, can also be seen.

At present, the core business of State Street bank is still concentrated in the field of traditional banking, the asset management business is not operated independently, and the controlled asset scale is only one tenth of the total asset scale of State Street bank, about $60 billion.

Of course, the scale of asset management of 60 billion US dollars has become a big Mac in this era.

Before most financial giants only realized the development prospect of asset management industry, but did not fully see the importance of this industry that may affect the direction of the U.S. economy in the future, Simon and Janet resolutely launched a plan to try to cut off the Hu, hoping to strangle the plan of State Street bank to separate from the asset management department and operate independently in the cradle.

The plan is highly feasible.

The core lies in the gold lettered signboard of cersei capital.

For the old State Street bank, it is very cost-effective to use its asset management department, which is only one tenth of its total business, in exchange for the ticket of cersei capital, and then establish a close cooperative relationship with the whole westrow system.

Therefore, after Janet started contact with State Street bank at the beginning of the year, although the other side did not give a positive response at the first time, it did not close the door of negotiation.

After a period of mutual testing, the formal negotiations finally began in March.

Janet went to Boston to finalize the details of her cooperation.

"The final plan is a complete stock exchange merger, we can save a lot of money," said Janet, sitting on Simon's lap in the living room of the villa, with one hand around the man's neck and the other hand scratching his chin. "25% of the equity of black rock asset management company in exchange for the whole asset management department of State Street bank. Among them, 22% of the shares are owned by State Street bank, and the other 3% are owned by several core executives of the asset management team of State Street bank. After this transaction, our shareholding ratio dropped from 41% to 32%. However, State Street bank said that it could grant us the voting right of 22% of its shares for five years. "Janet said this with a sly wink at Simon.

Simon knows.

With the rapid expansion of black rock asset management, the relationship between the Simons and Lawrence Fink is not as good as it was at first.

The key is still the control of the financial giant.

Lawrence Fink has constructed the business model of black rock asset management company. However, the company's asset scale has expanded to the current level of $210 billion in just a few years. The most fundamental reason is cersei capital. There has never been a shortage of talented bankers on Wall Street. In recent years, cersei capital has been more attractive to investors around the world than even the established Morgan and Goldman Sachs.

For no other reason, the rise of the westero system over the years is a miracle. As capital pursues profits, investors naturally prefer companies that can bring them rich returns.

Lawrence Fink clearly knows this, so in recent years, he has only quietly diluted the shareholding ratio of cersei capital, the parent company, by continuously distributing the equity to new partners. Prior to the deal, cersei capital's stake in black rock asset management company had been reduced from the initial 50% to 41%.

In addition, Lawrence Fink also plans to further the listing operation of black rock asset management company.

For the traditional partnership financial company, the partner's equity is usually not permanent. Once the partner leaves the company, he can only get a compensation, and his shares need to be returned.

In contrast, once a financial company is listed, with the change of the nature of the company, the ownership structure will be completely finalized, and the shares held by partners will become permanent shares. Moreover, special powers such as the one vote veto originally enjoyed by cersei capital's parent company are inappropriate for listed companies.

In a word, when an enterprise becomes a public holding company with scattered shares through listing, the power of shareholders will be weakened and the control power of the board of directors and management will be greatly increased.

Lawrence Fink wants to gradually win the real control of Heiyan asset management company from cersei capital in the form of continuously dispersing equity and promoting the listing of enterprises. In the original time and space, the top Wall Street banker did.

This time, it's no longer possible.

Moreover, as long as the merger between black rock asset management company and State Street bank's asset management department is concluded, Fink's planning in recent years will go back to the origin directly.

Getting 22% of the voting rights of State Street bank, even if it's not permanent, including 32% of cersei capital's total voting rights of 54%, is enough to ensure that the Simons will enjoy absolute control of black rock asset management company in the next five years.

Five years is enough to do too much.

When the scale of a company develops to a certain level, the operation of the enterprise is often like a huge machine, which has considerable independent operation ability and no longer needs continuous real-time control by the operator. As a result, even Lawrence Fink, the founder of the machine, is no longer indispensable.

Moreover, this stage is no longer the beginning of Lawrence Fink's job hopping from Blackstone Group to cersei capital.

At that time, the total scale of assets managed by Heiyan asset management company was only US $3 billion, and Lawrence Fink was able to make a comeback with his own ability even if he went out of the house.

Now, once the merger of the asset management department of State Street bank is completed, coupled with its continuous expansion, it is estimated that by the end of this year, the total scale of assets in charge of Heiyan asset management company will exceed 300 billion US dollars, which is equivalent to 100 times of the scale that cersei capital initially took over Heiyan.

At this time, it's hard for Lawrence Fink to create such a financial empire with assets of hundreds of billions of dollars from scratch, not to mention whether he is willing to give up everything he has now and go out of the house.

Simon had already expressed his attitude when he agreed to share 50% of the shares in black rock asset management company. He attaches great importance to Lawrence Fink, who built the black rock empire in the original time and space, so he does not pursue the controlling interest. However, cersei capital can never take over and is gradually marginalized in this company, which is the bottom line.

Lawrence Fink tried to touch the bottom line. Cersei capital's counterattack was to completely take back the absolute control of black rock asset management company.

As long as this transaction is successful, cersei capital will firmly hold the absolute control of black rock asset management company in the next five years. If Lawrence Fink still can't change his attitude, Simon doesn't mind letting the other side out completely.

In the living room of the villa, after listening to Janet's introduction of the general merger plan, Simon asked, "what's Fink like now?"

Janet rubbed the stubble on Simon's chin with her palm and said, "he has always wanted to expand the scale of black rock as much as possible. This time, it happens. What else can he do? However, on the Washington side, it may take a lot of effort to get approval from the authorities. "In recent years, the westero system has been very powerful. Even though the transaction between Heiyan asset management company and State Street bank does not involve monopoly, because the scale of assets held by Heiyan asset management company is too large, the authorities will inevitably create obstacles because of fear.

After a while, a tall woman in a dark blue ol suit came out from the corridor on the west side of the living room. Seeing the appearance of Mr. and Mrs. Simon, she hesitated slightly, nodded to her own Jeanne, and then said to Simon, "Mr. westero, I'm sorry Just come and ask. Everyone is waiting for you. "

Janet, listening to the woman, had come down from Simon's lap with a smile and said, "I'm going to prepare dinner, honey. What would you like to eat?"

Simon said, as many times before, "whatever."

For food, although Simon can't reach the rough standard of buffet's hamburger and coke all day, he never chooses, nor does he go all over the world to search for rare ingredients like some rich people.

Jeanette joked that she wanted the chef to make a dish called "casual". At last, she glanced at the charming woman who had two buttons on her shirt collar untied intentionally or unintentionally, and turned to the East kitchen.

Simon also stood up and looked at the woman's neckline without concealment. His eyes moved down to draw some perfect curves. He motioned to the woman to lead the way and said, "come on, Celia. By the way, what's the result of this operation? "

The woman's name is Celia Miller. She is 36 years old and married. Miller is her husband's family name.

However, it's very interesting to dig out the details of this woman.

Celia Miller is a native of the second generation of Washington officials. She is not prominent, but she is also an upper class.

After graduating from Northwestern University in that year, Celia Miller went directly into politics. Her first job was as an intern of President Ronald Reagan in the White House. Later, he entered the U.S. Treasury Department at the age of 24 and married his current husband, Philip Miller, at the age of 27.

Philip Miller's father, Michael Miller, is a Navy Lieutenant General. Philip Miller, who is three years older than Celia Miller, is also a professional soldier. After serving in the navy in his early years, he now works in the Joint Staff Department of the Pentagon with the above rank.

Taking advantage of her husband's relationship with the military, Celia Miller transferred to work in the defense system after marriage. When she left early last year, the woman had already taken the post of director of the attorney general's office of the Ministry of defense. The office of the Attorney General of the U.S. Department of defense is equivalent to the "FBI" system within the U.S. armed forces, which is responsible for monitoring the operation of the entire U.S. armed forces.

It is precisely because this department is so important that after Clinton took office, he naturally wanted to nominate and install his own candidates as much as possible.

For these national core departments, the White House can't act recklessly, and many officials' resignation needs the approval of Congress.

Moreover, the U.S. military has its own system, and its internal forces are intertwined and intertwined. Even the positions that the White House has the power to decide are not what the president wants. Most of the time, they are the result of the balance game between the parties.

Originally, according to Celia Miller's background, this woman would not be taken.

Unfortunately, Lieutenant General Michael Miller, the biggest backer of the Miller family, officially retired in 1992. The Miller family's contacts in the military can only ensure Philip Miller's position in the Ministry of defense after the change of office. Celia Miller, who has a stronger rising momentum than her husband, can only be forced out.

After more than ten years of struggle, Celia Miller almost broke with her husband's family.

You know, this marriage between her and her husband is actually a cover.

Philip Miller is gay.

At this stage, the United States is still very conservative, and homosexuality is a taboo in the military system. After Clinton came to power last year, he tried to loosen the restrictions on the issue of homosexuality in the armed forces. As a result, he met with a rebuff. Until now, he has been frequently attacked by the media, which shows the sensitivity of this issue.

Philip Miller was almost kicked out of the army because of homosexuality. In order to ensure his son's future, Michael Miller personally arranged the marriage and naturally promised many guarantees to Celia Miller. To make the marriage more decent, the apparent couple gave birth to a son in the 1980s through a test tube baby.

After so much, Celia Miller is certainly not willing to clear up overnight. In the past year, she has been trying hard to recover, but to no avail.

Until I heard that Simon westero was looking for a personal military assistant.

Personal military assistant, this is a very new word.

Usually, as a country's violent machine, it is difficult for the army to connect with individual.

But Simon westero, the name is never wrong.

U.S. government officials are usually not permanent, and it is a common practice to transfer to the private sector after leaving office according to the accumulated networking experience.

Now that there's no hope of climbing the political ladder, Celia Miller has resolutely submitted her resume.It is reasonable to say that military assistants should be better done by men, but Simon is used to using female assistants and does not mean to change.

Moreover, he did not hide his preferences.

In the end, she was selected from hundreds of candidates for the first-class appearance, figure, age and background.

People who can get in touch with Simon's circle can't help feeling that there are so many beauties around the super tycoon.

Ordinary people may not be able to reach the top beauties in their lifetime, but Simon westero can collect a lot of them around, and most of them have quite smart minds, which is not easy for even a little more ordinary rich people to do.

The key is that Simon is at the top of the pyramid of the world.

Moreover, Simon not only has huge wealth, but also has a strong voice in entertainment, fashion, technology and other fields.

The combination of all aspects almost ensured Simon's demand for most of the resources on the planet, including beauty resources.

If Simon wants to, he can always find a lot of women of a certain type for himself to enjoy. It's like the hundreds of Loris in Europe and the Caribbean at this time.

Celia Miller is excellent in both appearance and ability.

But in this world, the most important thing is people.

When the population base is large enough, even if it is strictly screened down one layer at a time, there are enough choices.

For Simon, Celia Miller is just one of hundreds of equally good military assistant candidates he can choose.

Celia Miller leaned slightly in front of Simon. Hearing the man's question, she nodded and said, "it's very smooth. Our helicopter formation is divided into five groups. We have cleared the headquarters of national radio in the capital of Rwanda and the base stations in four provinces."