Because of his close relationship with Germany and Gao Xian's deployment at a higher level, he responded bluntly to Deutsche Bank's intention to acquire Morgan Jianfu.
"Although Morgan Jianfu is now widely questioned and criticized, the high-end customer resources accumulated by Morgan Jianfu for a long time, such as Royal financial advisers, are still of great value. In particular, it currently manages assets of more than 20 billion US dollars and is a leader in the field of asset management business." After Sir Gao said this, the conversation turned and Alfred herhausen couldn't help smiling, "Gaoyi Miguo has acquired Lehman Brothers. Even though the relationship between Gaoyi Miguo and Gaoyi belongs to two units of parallel development, from my perspective, Gaoyi's acquisition of Morgan Jianfu can not bring greater value than Lehman Brothers."
The subtext of this is easy to understand. Gao Yi doesn't understand it. At this time, Morgan Jianfu is extremely weak, which is a great opportunity to take advantage of it. However, we are good brothers. Obviously, Deutsche Bank needs Morgan Jianfu more than Gao Yi to make up for the weakness of international investment banking business, and Sir Gao will be beautiful.
Alfred herhausen immediately made it clear that after Deutsche Bank acquired Morgan Jianfu, Gao Yi's 5% stake in Morgan Jianfu would not be affected, and Deutsche Bank was willing to buy back these shares at a high price. In short, as Sir Gao said, we are good brothers and everything can be discussed.
Taking Morgan Jianfu as a chip, sir Gao naturally has conditions. For example, the simplest one is the flow of some employees of Morgan Jianfu to Gaoyi, so as to continue to improve and expand Gaoyi's camp in Europe, especially to further facilitate the deployment of containment against Huifeng bank's flight to the West.
Alfred herhausen agreed, and then humbly asked Sir Gao for advice to ensure that Morgan Jianfu's proposal was won.
Although Thatcher's government has fully liberalized the British financial market, which has aroused the enthusiasm of international giants for large-scale acquisitions of London City securities companies, investment banks and other targets, and even Britain's own commercial banks and insurance companies have joined the tide of acquisitions, Morgan Jianfu has a special position after all, Some invisible barriers inevitably exist, and it is certain that Deutsche Bank is not the only one who has the idea of taking advantage of the weak.
On the other hand, London is the base of Gaoyi's operation in Europe. In terms of understanding and mastering the British market, it has obvious advantages over Deutsche Bank.
Without letting Alfred herhausen down, Gao Xian readily analyzed that, first of all, Morgan Jianfu has to admit that it is a perfect match to be acquired by Deutsche Bank with strong financial resources, because in today's capital market pattern, Morgan Jianfu's own capital scale is a little lower, like suffering losses in securities underwriting, This is also one of the main reasons why Morgan Jianfu's securities business unit has been performing poorly.
Alfred herhausen nodded and smiled. Indeed, the most important thing Deutsche Bank needs is financial resources. This must be the most powerful card.
The reason why Morgan Jianfu is now fiercely criticized is that in recent years, there are more and more black scenes in the British financial industry, so that it is common for senior players to be trapped, which has aroused public anger. In addition, its own mistakes can not be ignored.
First of all, because of the business competition with Morgan Stanley and JP Morgan on the other side of the Atlantic, resulting in a conflict of interest, Morgan Jianfu separated from the Morgan consortium. It's really hard to draw a conclusion between gain and loss. Take the board seat of the Bank of England, the Central Bank of England, for example. Morgan Jianfu's director has not been seen for many years.
Secondly, among the successful businesses of Morgan Jianfu, asset management always occupies the first place, and the emerging mergers and acquisitions rank the second. It can be said that the progress is rapid, and the costs include selling the cards of old customers to the hostile acquirers who can come to the door and provide greater benefits, that is, new customers. There is really no lack of character, The Guinness Book of trade scandal is an obvious example.
In addition, while Morgan Jianfu was rampant in the acquisition and merger business, it was indifferent to the solicitation of several privatization projects promoted by Thatcher's government, which made No. 10 Downing Street in London unhappy.
After the exposure of the Guinness deal scandal, the Bank of England severely criticized Morgan Jianfu, and the British government did not see strong lobbyists. In addition, this year, Britain is an election year, and Morgan Jianfu, who made public anger, is likely to be sacrificed to heaven.
Gao Xian finally shook his head with regret. Morgan Jianfu's lack of long-term strategy and short-term gains and losses are not conducive to solving the deeper problem of corporate mechanism. It should be the best way out to go light and accept the acquisition of Deutsche Bank.
Alfred herhausen said happily that he hoped that the old directors of Morgan Jianfu's board of directors would be aware of these problems and make wise decisions.
"However, Deutsche Bank had better have some patience, because I think Morgan Jianfu is not at the end of its tether." Gao Xian said leisurely: "for Deutsche Bank, the most ideal way to appear should be to appear as a white knight and pay a high price to keep Morgan Jianfu, so as to convince those conservative directors."
"In addition, in this waiting process, Morgan Jianfu had better be able to dispose of some non-performing assets, such as the securities department with poor performance and its more than 200 employees, which can reduce the redundancy of Morgan Jianfu by about one eighth at a time."
"What Sir Gao said about this ideal way of playing is really Gao Yi's style." Alfred herhausen smiled, "it's just that after Morgan Jianfu disposes of non-performing assets, it will certainly become a hot acquisition target."
Gao Xian shrugged. "That's not right. Deutsche Bank can shine on the stage as a white knight."
Alfred herhausen thought for a long time and finally asked, "Christopher Reeves doesn't seem to take the blame and resign at this level. Will he be on the side of Deutsche Bank?"
Gao Xian shook his head, "It's really hard to say how long Christopher Reeves can stay as CEO of Morgan Jianfu. According to the information I got, I don't know whether he cherishes his feathers. He has submitted his resignation to the board of directors of Morgan Jianfu twice, but the board of directors of Morgan Jianfu didn't agree. It's said that he can't find enough to master the ideal of volatile Morgan Jianfu for a while Any candidate. "
Alfred herhausen looked at Sir Gao, "people sitting in the CEO position of Morgan Jianfu must have enough friendly attitude towards the two strategic investment shareholders of Deutsche Bank and Gaoyi."