Instrumental in founding the first Hungarian-American Joint Laboratory for Biochemical Research into Food Development, Gyorgy Matrai used the experience as a bridge between his background in the sciences and future as an international businessman. Gyorgy Matrai holds a degree in chemical engineering from Budapest University of Technology and Economics, and subsequently took postgraduate courses in biochemistry and computers in Moscow and Pushchino, Russia. After getting a close-up view of international business workings while doing research for the Hungarian-American Joint Laboratory for Biochemical Research into Food Development, Gyorgy Matrai shifted his focus to global commerce, for which he was contacted by Hungary’s venerated General Banking and Trust Company (GB&TC) Ltd. In an arrangement between the GB&TC and the Swiss Bank Corporation, he spent three years in Basel, Switzerland, learning the fundamentals of international banking methods and laws.
Hungary was in the process of privatizing businesses that had been nationalized during the communist regime. Armed with his timely education in finance, Gyorgy Matrai established Limage Holding S.A. in Luxembourg as a way to liquidate Hungary’s debt and as a hedge from Western investors looking to make a profit in blossoming Eastern bloc markets following the 1989 fall of the Berlin Wall. He solved China’s multi-million-dollar debt to Hungary and generated similar solutions thereafter, gradually expanding Limage Holding S.
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