I want to be a giant of Hong Kong Island

Chapter 537 [Guangyao Family Office]

In May, a Boeing 5 business jet flew across the sky, leaving a trail;
From Hong Kong to the United States.

Apart from some activities, Wu Guangyao's trip to the United States this time is mainly to recruit some top talents and formalize and scale up his family office!

So far, there are two types of family offices in the world:
Single Family Office (SFO), SFO is an exclusive family office for ultra-high-net-worth families, responsible for only one family, and the cost is relatively high;

Multiple family offices (MFO), MFO is responsible for the wealth management of multiple families, mostly commercial banks, trust banks, and family offices, focusing on wealth appreciation.

The family office that Wu Guangyao wants to set up naturally belongs to SFO, and it is an SFO with all-round management. It is expected to recruit 100 to 200 world-class senior talents;
There are only a handful of family offices of this level in the world!
Wu Guangyao named this family office "Guangyao Family Office", and the highest authority of "Guangyao Family Office" is the "Family Council";
Because Wu Guangyao has seven "wives" in the strict sense, and these seven wives gave birth to nineteen children for Wu Guangyao. There are so many family members in the second generation, so the third generation, fourth generation With the emergence of generations, the number of family members may rise to hundreds, or even hundreds;
It is obviously impossible for these family members to all work in the family business or the family office;

This will cause a serious asymmetry of information among family members, and coordination will become more difficult;
Then it is very necessary to establish a family council. The family council can represent the interests of the family, the governance body that handles family affairs, and a formal communication platform for family shareholders. It is also the highest decision-making and authority body of the family.

At the same time, the 'Family Council' also exists to supervise and audit the family office.

The 'Family Council' is the Board of Directors of the 'Family Office' and below the 'Family Council' is the CEO of the 'Family Office'.

In the "Wu Guangyao Era", the CEO of Guangyao Family Office will naturally be subject to some restrictions (can be removed at will);

But once Wu Guangyao dies, the power of the CEO will be infinitely magnified;

Basically, all members of the family council are required to work together to contain the CEO;

The purpose of doing this is naturally very simple. Wu Guangyao is worried that some of his unworthy descendants will ruin his family property.

The CEO of Guangyao Family Office is divided into six departments: investment management, estate planning, tax planning, trust services, family governance, and administrative services.

The responsibilities of the investment management department are: investment projects, asset allocation, manager selection, investment performance monitoring.
The responsibilities of the estate planning part are: trust management, formulation of trust plans, fund management, and physical asset management.
The duties of the tax planning department are: formulating tax plans, coordinating tax documents, and reasonable tax avoidance.
The responsibilities of the trust service department are: Acting legal person trustee, individual trustee support
The responsibilities of the family governance department are: wealth vision and goals, planning family members' educational programs, family meetings, philanthropic planning.
The duties of the administrative services department are: legal matters, travel planning, shopping planning, butler service, document management, transfer payments, cash flow and budget management, risk management.
After the establishment of the Guangyao Family Office, all family members will be exposed to others while uniting;

Of course, the management and resources of the family office must sign a confidentiality agreement, which is also a necessary means.

Although it has been exposed, the Wu family will not oppose the country or control a sovereign country after all, so there is no need to worry!

The first board members of Guangyao Family Office, currently Wu Guangyao has decided 11 members:
Wu Guangyao, Lin Yueru, Li Cui, Keira, Jiusano Huixiang, Haruko, Mrs. Sutton, Chris, Wu Xianshuo (Lin Yueru's line), Wu Xianlei (Kayla's line), Wu Xianying (Huixiang's lineage) ).

Tentatively 11 board members will be added to the board of directors after the sons of Li Cui, Qingzi, Mrs. Sutton and Chris reach the age of 20;

Except for Wu Guangyao's seven wives, Wu Guangyao has set a rule that none of the wives and daughters of future generations can be considered for joining the board of directors.

Wu Guangyao will not inject all assets and company shares into the family office, but will only selectively inject some assets and shares into the family office;
The 15% shares of the Metro Group, the shares of the North Sea Oilfield in the UK, the Shining Star Hotel, and the US stocks of the Tiger Fund (which has now appreciated to more than 25 billion US dollars), these four funds and shares are first injected into the family office;

There may be capital and share injections in the future, but it should not be too much;

After all, a family office can only guarantee that its own children and grandchildren will become rich, but it cannot guarantee that they will become extremely rich.

Therefore, Wu Guangyao will adopt two methods of family business inheritance and family office to ensure the longevity of his family!
The so-called family business inheritance means that when Wu Guangyao was alive, he would support his son or grandson to inherit his company and company shares; Shares will be automatically transferred to the family office.

Thinking about family matters, completely forget Yingying Yanyan on the plane;

Zhao Yazhi felt that the man in front of her was absent-minded, so she couldn't help becoming nervous. I heard that the freshness of rich people comes and goes;

Could it be that he made this man feel tired of him?
So, unconvinced, Zhao Yazhi sat in Wu Guangyao's arms in front of several stewardesses.

"What are you thinking about?"

Wu Guangyao's thoughts were forcibly pulled back. Looking at Zhao Yazhi who was still in his arms, he smiled and teased: "If you can think about anything, it is naturally a matter of work! You are very brave today, so there is a flight attendant The reason for sitting in the arms of the passenger?"

Zhao Yazhi blushed, got up quickly, straightened her skirt, and then looked at Zhang Xiaoxia embarrassedly!

Indeed, Wu Guangyao still attaches great importance to his own manners, usually out of the bedroom, although there are elements of intimacy with Zhao Yazhi, they are all limited to courtesy, and there is no intimacy.

However, since the beauties are so proactive, Wu Guangyao is not afraid of the remaining five flight attendants gossiping;

Therefore, Wu Guangyao pulled Zhao Yazhi into his arms again.

"Since you have taken the initiative, then take the initiative to the end! Don't look at them, if they dare to gossip, I will deduct their wages!"

Zhang Xiaoxia said with a smile: "We have all undergone strict training and signed a confidentiality agreement. The boss can rest assured that we will not disclose anything to the outside world."

Wu Guangyao put his arms around Zhao Yazhi, put his right hand on Zhao Yazhi's thigh, pinched the black stockings on Zhao Yazhi's thigh, pulled them up and put them down, and joked: "In case you and your boyfriend are dreaming, you confide what to do?"

"We don't have boyfriends!" the five flight attendants said in unison.

Wu Guangyao was stunned, what a coincidence?
Zhang Xiaoxia explained: "We not only signed a confidentiality agreement, but also stipulated that we cannot have boyfriends during our tenure as your exclusive flight attendant; once we have a boyfriend, we must take the initiative to apply for a job transfer and go to the passenger plane."

The management of Hong Kong Island Airlines, who is so stupid, has some bad idea. If it is leaked, how will the people of Hong Kong Island think of themselves!

However, in general, this regulation seems to be more popular with me!
Wu Guangyao smiled and said, "Can't that delay your boyfriend talk?"

Zhang Xiaoxia said without hesitation: "We don't want to talk about boyfriends. The salary and bonus you give here are so high, of course we need to make more money!"

After finishing speaking, Zhang Xiaoxia's eyes seemed to give a hint!
Los Angeles, Korn Ferry headquarters.

The arrival of Wu Guangyao and his party was warmly welcomed by the founders of Korn Ferry International, Lester and Ricard.

As a shareholder of Korn Ferry International, Wu Guangyao is very popular with the two founders;
After all, Wu Guangyao not only does not interfere with the development of Korn Ferry International, but also brings a lot of business to the company;
Of course, Korn Ferry also reciprocated their rewards and carefully selected many talents for Wu Guangyao.

This time, half of the staff in the family office will be human resources from Korn Ferry International, and the other half will be selected from Wu Guangyao's personal consultants and subsidiaries.

When the group came to the office, Lester handed Wu Guangyao a thick stack of documents.

“一共是60位符合您标准的高级人才，给您约了5月6日到5月8日三天时间招聘。”

Wu Guangyao was not in a hurry to read the information, but said to Leicester and Ricard: "You two, it has been a year, I believe you have already completed the layout in Europe and the United States! I proposed to be in Asia at the beginning. Cooperation, how are you preparing?"

At this time, Korn Ferry's tentacles have not yet reached Asia;

So last year, Wu Guangyao proposed that he invest in himself, and the United States Korn Ferry International manage it, and start business in Asia.

Of course, the shares are no longer 75% and 25%, but [-]-[-]!

Wu Guangyao made this suggestion when he grasped that Korn Ferry International was still short of money and wanted to develop rapidly;
Since Korn Ferry was attacking cities and territories in Europe and America at that time, Wu Guangyao has not responded yet!

Lester said: "Mr. Wu, I am dissatisfied with you. The two of us think that the headhunting company's funds are secondary, and management is the main one. If we don't accept your funds, we will have the strength to enter Asia in three to five years." After all, once we share with you [-]-[-], there will be an uncertain factor in Korn Ferry International in Asia in the future!"

Wu Guangyao didn't expect that the two would reject him. It seemed that he underestimated these people's interest in equity.

"Alright then! It seems that I can only form a headhunting company by myself!" Wu Guangyao said disappointedly.

Wu Guangyao revealed his true feelings, not forcing the two of them;

Originally, Wu Guangyao wanted to use Hong Kong as a starting point to enter the mainland market in the future;
Therefore, even if Korn Ferry rejected him, Wu Guangyao would still enter this industry.

Leicester and Ricard were nervous for no reason, as the saying goes that a strong dragon does not overwhelm a snake;

If this person sets up a headhunting company in Hong Kong, it will be a loss for Korn Ferry after all;

After all, he is still an important customer!

Ricard said: "How about this, Mr. Wu will inject another 200 million US dollars and get 5% of the shares. We have recently organized the management team to enter Hong Kong and start working!"

Wu Guangyao said without hesitation: "This cooperation plan is also quite good, so it's decided!"

Thinking about it, the two were worried that the Asian market would be split in half by Wu Guangyao. They might as well increase Wu Guangyao's shares in the headquarters of Korn Ferry International. At least they don't have to worry about the Asian branch being split.

And Wu Guangyao was interested in Korn Ferry International's international high-level talent pool. If he opened a headhunting company by himself, he might only be regarded as a medium-sized headhunting company.

The two parties hit it off and signed the financing agreement directly on the same day!

After the signing was completed, it marked that Wu Guangyao owned 30% of the shares of Korn Ferry International and became the second shareholder, ranking above Ricard.

Back at the hotel, Wu Guangyao chatted with his four consultants.

In this expansion of the family office, except for Morse, the financial advisor, who serves as the CEO of the family office among the four;

The other three will not enter the family office and continue to act as Wu Guangyao's personal consultants;
One of the most important reasons is that Rong Bunsen, Hollande, and Jonathan are all about to retire;

The family office is obviously a new organization. Wu Guangyao doesn't want it to be filled with a group of veteran cadres who are about to retire, but a group of young and middle-aged talents full of vigor and struggle!

Wu Guangyao already has a candidate for the head of the investment management department of the six major departments, and that is the famous Peter Lynch;

Peter Lynch, in his previous life, was an outstanding stock investor and securities investment fund manager, known as "the first financial man" and "the leading fund manager"; Peter Lynch is as famous as Buffett, Soros and others , but who is the most perfect is undoubtedly Peter Lynch, the reason is that Peter Lynch's character is the first.

"Although the three of you do not hold specific positions in the family office, I hope you will serve as independent directors of the family council; this position does not matter the retirement age, but only when you are willing to hold it?"

The so-called independent directors are able to balance the relationship among family members when there are frictions and differences in the family council.

Like Lee Jae-jou, the third generation of the Samsung family and the vice chairman of the Samsung Group, the Agnelli family, the richest man in Italy, serves as an independent director;

Of course, the Guangyao Family Office will not invite others to be independent directors, but will only invite executives whom Wu Guangyao trusts to serve as independent directors. After all, Wu Guangyao still wants to maintain the mystery of the family!
Of course, there may be exceptions!
Rong Bensheng said: "Of course I am willing to contribute to the boss's family, but boss, you don't have to be too anxious! After all, your spirit and body are far better than your actual age. I am afraid that you can live easily even if you are a hundred years old; So this family office, we can gradually improve it.”

Jonathan and Hollande nodded one after another. As Wu Guangyao's close executives, everyone usually exercises together. Wu Guangyao's physical function is really unbelievable.

Wu Guangyao sighed: "Tomorrow or the accident, I don't know which will come first! My friend Onassis, his only son was in a plane crash last month. You should have read it from the newspapers! That's why I decided to go to the family office at night. ,in case!"

Now the four of them remained silent, because this topic was very heavy!
After a long time, Jonas said: "The boss is considerate. In Western countries, family offices do have many advantages, especially for big families. They can not only ensure the longevity of the family, but also strengthen the relationship between family members! "

Wu Guangyao said: "Not only that, I am equivalent to finding a big housekeeper for the family members. In the future, everyone can accept the opinions of the family office for travel, education, and purchases. I believe that my children and grandchildren will respect the family. The sense of belonging will be even stronger!"

(End of this chapter)