E156 That Great Business Show - Conor McEnroy, Chair, Sudameris Bank, Paraguay's biggest bank.
Conor first joined TeamGBS on Episode 15 when he described shootings, kidnappings, bombings and how and why he bought his first bank in Paraguay. It's a truly extraordinary story, which is why it remains one of our top podcasts.
Well he's back. This time he's Paraguay's premier banker having bought the No. 3 bank, amalgamated his No. 5 bank to make the No. 1 bank. We have the backstory to the deal in his own words. And, did you know that it can cost up to $1 million to ship $50 million in cash from country to country? Neither did we. But banker Conor explains why and who has to be paid off (like the Rambo figures on board the helicopters bringing bags of cash to a Lufthansa plane). Everybody gets their cut. Fascinating.
He also predicts the end of plastic cards. But he thinks that 'cash, cash' (the crinkly stuff) has a longer lifespan.
His 'hire in a heartbeat'? Dr Ken Whitaker.
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