The signing ceremony of the next day was held in the morning. Witnessed by two lawyers from Baker & McKenzie, Henry Williams and David Anderson became the CEO and CIO of KEY-YOUNG Investment Fund.
KEY-YOUNG Investment Fund is one of the seven offshore companies registered by Yang Jing in the Cayman Islands. Now Yang Jing has decided to bring this offshore company to the fore. As for the shareholders of KEY-YOUNG Investment Fund, they are the remaining six offshore companies, and the ultimate controlling shareholder is the Dragon Fund.
KEY-YOUNG Investment Fund is referred to as KY Fund. Because it is a private fund, all its financial information and shareholder information are kept confidential. Outsiders have no right to inquire about the situation of KY Fund and can only know the basic situation of this investment fund registered in the Cayman Islands.
After Henry Williams and David Anderson became the first employees and executives of KY Fund, they began to establish the personnel structure of KY Fund.
As for Yang Jing, he began to interview senior accountants from major accounting firms.
The current landscape of accounting firms in the world is not the famous "Big Four" accounting firms of later generations. In 1986, the "Big Eight" accounting firms dominated the world.
At present, these "Big Eight" have not yet merged with each other to form the "Big Four" structure of later generations. Now the global accounting market is controlled by the eight major accounting firms headed by Arthur Andersen.
In addition to Ernst & Whitney, Yang Jing also excluded Andersen, the world's largest accounting firm.
Ernst Whitney is Mike Aller's old employer, and Mike Aller has become a shareholder of the Dragon Fund. It is naturally impossible for Yang Jing to hand over the fund's CFO (Chief Financial Officer) to an accountant from Ernst Whitney Accounting Company.
As for Andersen, although this accounting firm is currently the largest accounting firm in the world, and even after the merger of KPMG, Deloitte and EY, their scale will not be as large as Andersen, Yang Jing really does not want to use this accounting firm.
As an accounting firm, reputation is absolutely the first priority. Fairness, impartiality, not hiding from shareholders, and not falsifying accounts are the bottom lines that cannot be touched. Although Andersen is the largest accounting firm in the world, it has an unshirkable responsibility in the infamous Enron incident in 2001, breaking the bottom lines that all accounting firms cannot touch.
How could Yang Jing possibly use such an accounting company?
Others may not know, but Yang Jing knows. If Andersen had not helped Enron to falsify its accounts, how could this super company ranked seventh among the Fortune 500 companies in the United States declare bankruptcy? How could it have cheated so many people?
The infamous Enron incident also completely destroyed Andersen’s reputation!
Yang Jing didn't want to be embarrassed by hiring a CFO who would help others to cheat him. Since Andersen had such a "criminal record", Yang Jing would never hire anyone from this accounting firm.
In two days, Yang Jing recruited three senior accountants from the remaining six accounting firms. Among them, Amanda Pietrus from PricewaterhouseCoopers became the chief financial officer of Dragon Fund and the first female executive of Dragon Fund.
The other two financial directors are two senior accountants from the accounting firm of Deloitte, Halkins & Sells and Coopers & Lybrand.
The former is the predecessor of Deloitte, and the latter merged with Pricewaterhouse to become PricewaterhouseCoopers.
Although Amanda Pietrus is a woman, she is well-known in the industry for her fairness and strong principles. She is a senior partner of PricewaterhouseCoopers. In order to recruit this strong woman, Yang Jing not only offered an annual salary of 1.5 million US dollars, but also directly offered 1% of the shares of the Dragon Fund.
At first, Amanda Pietrus was reluctant to come to the little-known Dragon Fund. However, after seeing the cash deposit of up to 12 billion US dollars on the financial certificate provided by Yang Jing, even this strong woman couldn't help but waver.
1% of the shares may not seem like much, but with a huge base, it represents a fortune of up to $120 million! Although Amanda Pietrus is a senior partner of Pricewaterhouse, she only makes a few million dollars a year. The 1% of the shares provided by the Dragon Fund is enough for her to work for twenty years.
Not to mention that the Dragon Fund offered an annual salary of up to 1.5 million US dollars with sincerity, which is twice her current annual salary!
The most important thing is that after the interview with the big boss Cole Smith, Amanda Pietrus was completely impressed. Although Pricewaterhouse Accounting Company has a good prospect, it can't compare with an investment fund with extremely strong power! They only used two investment actions to make a profit of tens of billions of dollars. This profit figure is enough for the current Pricewaterhouse Accounting Company to work for ten years.
In this way, Amanda Pietrus became the third signed executive of KY Investment Fund.
When Mike Aller saw that Amanda Pietrus had also become the chief financial officer of KY Investment Fund, his eyes almost popped out and he marveled at his boss's cleverness in being able to poach this woman who was recognized as a strong person in the industry.
As a former colleague, Mike Aller knew Amanda Pietrus's ability. It was no exaggeration to say that Mike Aller's position in the industry was not even worthy of carrying Amanda Pietrus' shoes. She was a well-known figure in the industry, and was not comparable to Mike Aller, an accountant who was sent to the Cayman Islands as a branch manager.
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