PWM, also known as private wealth management, simply put it, helps high-net-worth individuals manage their finances, similar to conducting private banking business.

Although Goldman Sachs cannot squeeze into the ranks of the three giants in private wealth management, it is still a veteran of decades and the resources it controls are also astronomical.

Unlike other Wall Street investment banks, Goldman Sachs only does business with ultra-high net worth groups, and the starting point is quite high. UBS may only start with $500,000, while Goldman Sachs may only be 2 million, which will keep a large number of customers out.

The person who accepted Chen Qiaoshan was a white VP named James. After some communication, he realized that Goldman Sachs Asia's PWM department only had one MD, and it was not in Hong Kong all year round. It was very common for major financial companies to work in other places.

PWM is just a branch of IMD. Although Goldman Sachs is a large investment bank, it only has a few PWM teams in Asia, which shows that there are not many businesses.

This is also easy to understand. Asia has just experienced a financial crisis. Whether it is the financial environment or the financial management habits of Oriental people, there must be a few people who choose Goldman Sachs. The reason is very simple. This is an American company, and people habitually believe in the credibility of UBS.

Of course, this is also relative.

UBS is a national bank and also has certain risks. True high-net-worth customers are more willing to choose some banks that are not as private as they are, such as Losheil International Investment Bank, which can maximize the protection of customers' privacy and provide more private services.

Not many people have heard of Lochill. in the country, it has a famous name, Rothschild.

Thanks to a book, Lochill's real name was forced to death, which was somewhat similar to the treatment of 14-year Nobel Prize winner Jean and Tirole. Many European names cannot be transliterated in English.

Of course, the narrative in the currency war is very unreliable. On the surface, this is a financial bestseller, and in essence it is a metaphysical reading material.

The five tigers of the Luo family were indeed extremely brilliant, but World War I and World War II combined with the great changes in Eastern Europe made the Luo family lose all their money. The most important thing is that they did not seize the opportunity of the rise of the United States.

A lean camel is bigger than a horse. Although the old and wealthy families are no longer glorious, their foundation is still there. This is also the foundation for the persistence of private banks like Losheil.

...

Under the introduction of white VP James, Chen Qiaoshan has a basic understanding of the team he belongs to. He has eight people in his team, but only half of them work in Hong Kong, and there is an intern in it.

"Chen Qiaoshan?" When James entered the independent office area, before he could introduce it, a financial dog was the first to bark Chen Qiaoshan's identity. He glanced at the other party, and he looked familiar, but he didn't remember where he had seen it.

"Wang, do you know each other?" James was very surprised.

Chen Qiaoshan also recognized the other party at this time. This was Wang Feng who went to the School of Economics to take advantage of Professor Yan's class last year. He had arguing with him about the stock price trend of ST Zhongyan. "Senior Brother Wang, have you also entered Goldman Sachs?"

Wang Feng was very surprised. He nodded and said to the VP: "James, we are college classmates."

"That's great, I'll leave Chen to you." James simply said a few more words, directly stuffed Chen Qiaoshan to Wang Feng, and then walked into his office.

Wang Feng seemed to have completely forgotten the unhappiness at the beginning and helped Chen Qiaoshan introduce his new colleague.

Among the remaining two, one was named Gao Yunfei, a native of Hong Kong, and another one was from Indian named Bahadwaki.

With Wang Feng's response, Chen Qiaoshan quickly integrated into the team, but what he unexpectedly expected was that the so-called training was not arranged at all. James just threw in a book "Account, opening, form" and said lightly: "Familiar with it as soon as possible."

Chen Qiaoshan was confused when he held the book. The account opening application for more than 80 pages was still in English. He had never seen such an account in China. He found Wang Feng and asked: "Is this the account opening application for Goldman Sachs' high-net-worth customers?"

Wang Feng nodded, his eyes were somber, and he looked like he was asking for blessings.

"What's wrong?" Chen Qiaoshan was a little confused. After thinking about it, he asked again: "What does it mean to be familiar with it?"

"If the customer has questions about any entry in the application form, you must be able to explain it immediately and not make any mistakes." Wang Feng should be very experienced and immediately gave the answer.

Chen Qiaoshan flipped through it, feeling a little unpleasant premonition, "How long has it been?"

"Two days, only two days." Wang Feng answered very simply, and then looked at Chen Qiaoshan with gloating expressions.

"Why are you wearing this expression? Is there any problem?" Chen Qiaoshan didn't think it was difficult. He finished 80 pages of materials in two days, just tens of thousands of words, so he could put in more time.

Wang Feng shook his head, "You are busy first, I won't disturb you anymore. Let's talk after get off work."

What can make people sober is always a cruel reality.

"Chan, go to the Chart Department to update the latest icon demonstration."

"Chen, sort out the historical data from these balance sheets."

"Chen, go downstairs and buy some coffees back."

...

As a new financial analyst, Chen Qiaoshan became busy from the moment he entered the door, and he finally understood why financial dogs have no human rights.

Chen Qiaoshan didn't have time to read the account opening application, and he couldn't say anything about complaints.

Gao Yunfei and Bahadvaki are Senior, Analyst, Wang Feng is Junior, Analyst, and he is just a newcomer without any project.

Occasionally, Chen Qiaoshan became interested in Gao Yunfei's side. The guy was looking at the stock price and stock information in front of the computer.

After a quick look, Chen Qiaoshan walked over and asked inadvertently: "Gao, your keyboard is quite special. Where did you buy it? How much does it cost?"

Although I just have nothing to say, the keyboard is really special, colorful and has two rows of function keys.

"A thousand dollars."

"So expensive!" Chen Qiaoshan was shocked. According to the current exchange rate, one thousand dollars is equivalent to more than 8,000 yuan, and he had never seen such an expensive keyboard.

The other two also noticed the movement here. They were not surprised, but they both looked like they were waiting to watch the fun.

Chen Qiaoshan is also a person on the scene. He has seen many luxury goods, and has seen computers worth hundreds of thousands of dollars, but this is the first time he has seen a keyboard worth a thousand dollars. "Is this keyboard fitted with precious metal?"

"That's not, only one thousand dollars can only be used for one month." Gao Yunfei replied seriously, and then a burst of laughter rang out in the office.

Chen Qiaoshan felt a little confused. He really didn't understand what these people were laughing at.

Gao Yunfei smiled and explained: "This keyboard is for free, and the Bloomberg machine costs 1,000 US dollars per month."

"Is this the Bloomberg terminal?" Chen Qiaoshan immediately understood that there was a joke in the financial market. If Bloomberg is disconnected, one-third of the financial dogs can get off work and go home.

Of course, this is just a joke. At least China's financial market will not fluctuate so much.

Some people say that Bloomberg is the world's largest financial information company, but it is actually a financial data provider. To be more precise, Bloomberg is an Internet technology company.

The largest financial information service provider in China is Wind, which is a comprehensive reference Bloomberg. As for Guotai'an, Dazhi, Tonghuashun, etc., it is the disciples and grandchildren, which is really not worth mentioning.

Chen Qiaoshan had long heard of Bloomberg terminals. Guanghua has a financial laboratory that contains this set of equipment, but this is the first time he has seen a real guy.

"This is a necessary tool in the financial industry, nothing strange." Gao Yunfei raised his wrist and looked at his watch, proposing: "It's about to get off work. Today, Chen is here on the first day. I'll invite everyone to drink. Lan Kwai Fong, don't go back if you don't get drunk."

"Great!" Bahadvaki was the first to respond, and Wang Feng also agreed repeatedly.

Chen Qiaoshan is not pretentious either. Although these people are both bottom-level investment banks and standard financial dogs, dogs are different from dogs.
Chapter completed!