Uwe Rosler's Grandad
Well-Known Member
Don't take what I am about to say as bragging or oneupmanship or claiming to be "In The Know" but during my career I have worked for two Middle Eastern Royal Families for a total of just over two years.
Whilst I do have some idea at how they work and invest I am by no means an authority on the situation. I have seen and been involved in various investments ranging from commercial jets, multi-million pound properties (tens of millions), technology companies etc.
The investments that my firm at the time was involved with represented a fraction of their overall wealth and I got the impression that many firms were involved with their wide range of investments.
From my experience, whenever we needed money we said what we needed and why...within a day or two it arrived no matter how big or small. If we needed to get other professionals in be it bankers, architects, builders etc we were told to go and get the best.
When problems arose (not through our doing I may hasten to add) we went out and got the best lawyers available.
I got the impression throughout that they were very honourable people who wanted the best and took a long term view. I didn't get the impression that making even more money was always primary factor in making investments and in my time I did see money being wasted on a very large scale. I got the impression, and I could be wrong, that they had no perception of the value of money.
I did come across someone who ripped off one of my clients at the time. I lined up a lawyer to go and sort it out but was told not to worry about it. I explained that many millions had been lost and could be recovered etc but was simply told, that the person who did the ripping off will never set foot in our kingdom again. I didn't ask any more questions!
In my opinion, I think our owners are honest and only want the best for City. I cannot see them getting rid of Hughes at this stage but I cannot see them settling for second best either. I can see them throwing huges sums of money into City if this is required.
Whilst I do have some idea at how they work and invest I am by no means an authority on the situation. I have seen and been involved in various investments ranging from commercial jets, multi-million pound properties (tens of millions), technology companies etc.
The investments that my firm at the time was involved with represented a fraction of their overall wealth and I got the impression that many firms were involved with their wide range of investments.
From my experience, whenever we needed money we said what we needed and why...within a day or two it arrived no matter how big or small. If we needed to get other professionals in be it bankers, architects, builders etc we were told to go and get the best.
When problems arose (not through our doing I may hasten to add) we went out and got the best lawyers available.
I got the impression throughout that they were very honourable people who wanted the best and took a long term view. I didn't get the impression that making even more money was always primary factor in making investments and in my time I did see money being wasted on a very large scale. I got the impression, and I could be wrong, that they had no perception of the value of money.
I did come across someone who ripped off one of my clients at the time. I lined up a lawyer to go and sort it out but was told not to worry about it. I explained that many millions had been lost and could be recovered etc but was simply told, that the person who did the ripping off will never set foot in our kingdom again. I didn't ask any more questions!
In my opinion, I think our owners are honest and only want the best for City. I cannot see them getting rid of Hughes at this stage but I cannot see them settling for second best either. I can see them throwing huges sums of money into City if this is required.