God of Corporate Hunting - Chapter 216



Only Noblemtl
Read Novel Noblemtl

◈ Episode 216 Saudi Arabia and UAE (1)

“Do you have a picture of Mack Lane?”

“I guess so?”

Bae Joo-hyun looked through her phone, pulled out a photo, and handed it over to me.

This is a photo of the two of them together at the banquet hall. Perhaps they met at the Buoyancy City celebration party.

Nam Yun-myeong zoomed in on Mackline’s face to examine his physiognomy.

He is a stubborn and exceptionally proud person.

How does this person feel now that Credit Suisse, which he decided to invest in despite the opposition of PIF executives, has gone bankrupt? Would he even be able to bring up Credit Suisse in front of him? If he did, he would be cursed at and kicked out. At least that was the impression he gave off on his face.

“Why? Not really? Get to know someone else?”

If you look around, you’ll find new people, but it’s difficult to discuss large investments at the first meeting.

If not the best, then you have to catch the next best.

“No, please take a seat with McClain.”

“What are you doing?”

“I want to discuss investment.”

“Aha! This guy is good at that. He’s interested too. He’ll probably welcome it with open arms.”

That was a long time ago. Who would like to bring up their dark history of failure?

Nam Woon-myung sighed and obtained additional information about Mackline.

In any case, we absolutely must receive investment.

Yoon Se-bin’s dream is just a dream, but he also has a clear chance of growing into a world-class giant.

* * *

Yoon Se-bin arrived in the UAE with Jo Ha-neul.

I requested an interview with Assur, and fortunately, it was readily accepted. It would have been difficult if I had been on a business trip abroad, but I was lucky.

“When I came to Korea, it was so hard to see each other, but surprisingly, it worked out well.”

“I guess I’m lucky.”

“That person isn’t someone you can easily meet in the country, right?”

“That’s true.”

“It’s easy, so what’s weirder?”

Things went better than expected, so Yoon Se-bin was worried.

Assur told us to wait at the airport terminal. They said they would send someone to guide us.

Although it is not an official welcome, it is effectively a state guest treatment.

Yoon Se-bin wore a wide-fitting black one-piece dress with a hijab. Although it was not required for a foreigner, it was a fashion that appropriately respected Islamic culture.

It wasn’t the abaya that Arab women wear, but it was similar.

Since I was going to ask for a favor, I decided it would be best to follow their method.

As I was waiting on one side of the terminal, a man wearing a white headscarf and a black band around his forehead approached me.

“Are you Mr. Yoon?”

“But?”

“Go, I will take you.”

Although Yoon Se-bin felt uncomfortable with the man’s polite greeting, she quietly followed him.

Outside, in the muggy weather, a limousine was waiting.

Jo Ha-neul grabbed her by the collar and asked.

“Why are these people like this?”

“Yeah. I don’t know. Isn’t it too nice of you to be treated so well?”

Even if it were a tiger’s mouth, it would not be able to avoid it.

As we got into the limousine, the man in the driver’s seat said:

“I was instructed to lead you home.”

“Huh? Your home?”

While Yoon Se-bin and Jo Ha-neul were speechless, the car started moving.

* * *

Nam Woon-myung met McClain in the conference room of the Saudi National Bank.

The fact that McClain uses the conference room despite not currently holding a separate position at the bank means that he still has influence.

It was a fortunate thing for Nam Woon-myung.

McClain was a middle-aged man with a thin build and a bald forehead. His suit and black horn-rimmed glasses gave him a distinctive white appearance.

“My name is Nam Woon-myeong. I am the director of Mega Asset Management.”

“This is Mackline.”

After shaking hands, we sat across from each other across the table.

It seemed like he was quite close with Bae Joo-hyun. The two people who had not seen each other for a long time had a lively conversation. Nam Woon-myung was relieved because the friendship he had promised was true.

The feeling of being left out passed and McClain asked.

“So what brings you here?”

Nam Woon-myung has been studying physiognomy diligently since meeting McClain and has developed his own strategy. He is a person who does not need to be dragged out.

“It’s because of Credit Suisse.”

McClain’s face twisted into a grimace.

“I don’t really want to talk about it.”

“Didn’t you recently face a liquidity crisis and receive an emergency blood transfusion from the Swiss government?”

“Is there anyone who doesn’t know that?”

The negative response came right away.

That’s only natural given McClain’s personality.

Nam Yunming was not flustered because he had already expected it.

“Are you going to back out now?”

“What do you mean?”

“The Saudi National Bank invested $1.5 billion in Credit Suisse. Of that, $1.2 billion has now been lost. You were the one who led this investment. Can you accept this failure?”

McClain, who had been frowning at Nam Woon-myung’s provocative question, opened his mouth again.

“I can’t accept that. I was unlucky.”

“In what way?”

“It just happened now. If the Silicon Valley banks hadn’t caused the problem, Credit Suisse would have been fine. Credit Suisse was gradually recovering from its previous Greensill and Archegos investment failures. It’s not my fault. It’s because I invested at a cheaper price. The direction Saudi Arabia should take to move away from oil is….”

McClain spoke passionately about the Credit Suisse problem and the direction of Saudi oil money investment, almost as if he was pouring out his pent-up frustration.

Nam Yun-myeong listened quietly.

Of course, there was nothing special about it. But when you vent your anger, you can make new judgments in a new mood.

* * * * * * * * * * * * * *
* * Baca Novel Korean * *
* * * Noblemtl dot com * * *
* * * * * * * * * * * * * *

“……Is it still my fault? Investments are not always successful. Those who criticize me are just saying this to avoid their own responsibility.”

Nam Yun-myeong, who had guessed the atmosphere within Saudi Arabia, asked meaningfully.

“So are you going to back out like this?”

“Absolutely not. Even if it’s unfair, we have to keep holding on.”

“So… shouldn’t you show us your abilities again?”

“How?”

McClain looked at him blankly.

Is it time to take it out now?

“Mega Asset Management and Korea Asset Management are pursuing the acquisition of Credit Suisse because they are confident that Credit Suisse is not a company that will fail.”

“Is that possible? Currently UBS and…….”

Nam Yun-myeong explained the local situation in detail.

“If we take over and normalize it, we can prove that you were right. We have the ability to do that, and Credit Suisse is a company with a long history that will not easily collapse.”

Nam Woon-myeong released data on the performance of Mega Asset Management’s private equity fund operations.

McClain’s expression gradually changed as he turned over the documents with a furrowed brow and an indifferent expression.

“That’s amazing.”

Investors know how to spot capable investors.

“The current stock price is only 1/10th of what it was a few years ago. That means if it normalizes, it can make more than 10 times the profit. On the other hand, there is almost no risk. We cannot let a huge bank like Credit Suisse fail. We have already written off most of the bad debts… and the risk of additional bad debts has largely disappeared. We have cleaned it all up this time.”

“I think so too. But why did you come to me?”

“We need investment from the National Bank of Saudi Arabia.”

McClain frowned sharply.

“That’s impossible. We’ve already lost $1.2 billion, so who would approve of investing more?”

“That’s why your ability is needed. If the Saudi National Bank operates under a systematic system, it won’t work. But you have contact with the highest level, don’t you? If you can convince him like you did in the past, it will work. Do you want to end up with a failed investment? Or do you want to try again?”

Nam Yun-myeong believed that McClain would not give up easily. Given his personality, he would not back down like this.

The Saudi Arabian leader must also be feeling the same way. He has now stepped down, dismissing it as a failed investment, but he must be secretly hoping for an opportunity like this.

No one wants to wear the badge of failure around their neck.

Nam Yun-myeong cleverly scratched McClain’s pride.

As expected, there was a response.

“So how much do you want?”

“Wasn’t it $1.5 billion in the past? $500 million is enough. If you have the money, it would be even better to provide $10 billion in additional liquidity.”

“Are you sure about recovery?”

“Of course. Mega Asset Management has never failed. That’s why we made the decision. With this investment, you will regain your past glory. What do you think?”

It’s a temptation that’s not easy to resist.

There is no need to explain it in detail anymore. What McClain needs now is not rational reasons, but emotional conviction and courageous decisions.

The silence was long.

At the moment when even Bae Joo-hyun could no longer wait and shook her head, McClain suddenly raised his head. His face was full of confidence and determination.

“Let’s try. I’ll persuade the supreme leader and move the national bank.”

“thank you.”

Nam Yun-myeong held out his hand.

“We shook hands,” McClain said.

“Please wait at your accommodations for now. I will try to make a decision as soon as possible.”

* * *

Yoon Se-bin didn’t know what to do with herself.

The Ashur mansion she arrived at was larger than she had ever known.

I’ve heard that the royal families of Arab countries live in wealth, but I never dreamed it would be this much.

She also belongs to a wealthy family in Korea, but compared to Ashur, she was a beggar among beggars.

Even this is a frugal lifestyle compared to Ashur’s astronomical wealth.

I haven’t met Ashur yet.

Instead, there were now two women sitting in front of her.

These are Ashur’s two wives.

In Arab countries, polygamy is permitted, so having two wives is not uncommon. Legally, up to four are permitted.

One woman was a princess of the United Arab Emirates, a kingdom comprised of seven countries, and the other was the daughter of a former vice president.

It was fortunate that I didn’t feel uneasy when I had dinner with the two ladies.

Fortunately, the two ladies treated her very kindly, and thanks to them, she had an uncomfortable yet reassuring time.

The first wife was quiet, so he talked mostly to the second wife.

“Was the meal okay?”

“Thanks to you, I had a good meal.”

“I don’t think it will suit the taste of Korean people.”

“No, I enjoyed trying new foods.”

Then came all sorts of stories. The common topic was mostly K-pop. When Ashur visited Korea, Fanny, who accompanied him, bragged about meeting a K-pop star in person.

Yoon Se-bin couldn’t bring up the business topic and quietly waited for an opportunity. In Arab countries, wives rarely get involved in external affairs anyway.

As the story was about to end, Ashur, who had finished his day’s schedule, arrived.

Ashur, who welcomed Yoon Se-bin warmly, asked with a smile.

“Did you have a nice time?”

“Thank you. Thank you for making me feel comfortable.”

“Please wait a moment.”

Ashur apologized and disappeared with his two wives.

Yoon Se-bin spent her time sitting on the living room sofa and looking around.

Jo Ha-neul whispered softly.

“First of all, the atmosphere isn’t bad, right?”

“There is no guarantee that this hospitality will lead to business.”

After a while, Ashur reappeared, dressed in comfortable clothes. The two wives did not appear.

Ashur asked with a smile.

“So what’s going on?”

“It’s for investment. We’re trying to acquire Credit Suisse…….”

Yoon Se-bin explained the details.

As she watched, Ashur didn’t seem to be listening intently.

As she finished her explanation, a bombshell came from Ashur.

Read Novel Noblemtl
Read Novel Noblemtl