SHANGHAI, April 12, 2016 /PRNewswire/ -- Noah Holdings
Limited ("Noah" or the "Company") (NYSE: NOAH), China's leading wealth and asset management
service provider, focusing on global wealth investment and asset
allocation services for high net worth individuals and enterprises
in China, today announced the
appointment of Mr. PV Wang to the position of Co-Chief Investment
Officer ("CIO") for Noah Holdings (Hong
Kong) Limited ("Noah Hong Kong"), Noah's international
operations. Mr. PV Wang will be Co-CIO with Mr. William Ma and together they will lead all of
Noah's international investments. Mr. Wang will also be a
Partner in Gopher Asset Management, the asset management subsidiary
of Noah.
"We are very excited to have PV on board. He brings more
than 20 years of experience in global private equity investments,
most recently as Partner and member of the global investment
committee at Adams Street Partners. Alongside William Ma, a
globally recognized leader in public markets and hedge fund
investments who joined us from his previous role as Founding
Partner of Gottex Fund Management in Asia, PV will help take our international
platform to a new level of success," remarked Kenny Lam, Group President of Noah Holdings
Limited.
Noah Hong Kong is the Company's
international division and is licensed with the Hong Kong
Securities and Futures Commission. It has over 90 professional
staff that serve the global investment needs of high net worth
Chinese individuals. Noah Hong Kong has seen tremendous
growth in recent years as high net worth Chinese have sought to
diversify their asset allocation. Attracting global talent is
an important component of Noah's strategy to strengthen its asset
management capabilities.
Mr. Wang joins Noah with 20 years of experience in global
private equity investments. In the course of his career, he
deployed more than US$3 billion of
capital across 80-plus transactions globally. Mr. Wang was
most recently a Partner at Adams Street Partners and a member of
its global investment committee. Prior to Adams Street, he
was an investment manager at Nikko Capital Singapore.
ABOUT NOAH HOLDINGS LIMITED
Founded in 2005, Noah Holdings Limited (NYSE: NOAH) is a leading
wealth management services provider with a focus on global wealth
investment and asset allocation services for high net worth
individuals and enterprises in China. In 2015, Noah distributed over
RMB990.0 billion (US$15.8
billion) of wealth management products. As of
December 31, 2015, Noah's subsidiary
Gopher Asset Management had assets under management of RMB86.7 billion (US$13.6
billion).
Noah distributes a wide array of wealth management products,
including fixed income products, private equity fund products,
mutual fund products and insurance products. Noah also develops and
manages financial products denominated in both domestic (Renminbi)
and foreign currencies, covering real estate funds and funds of
funds, including private equity funds, real estate funds, hedge
funds and fixed income funds through Gopher Asset Management. In
addition, in 2014, the Company launched a proprietary internet
finance platform to provide financial products and services to
aspiring high net worth individuals and enterprise clients in
China. Noah delivers customized
financial solutions to clients through a network of 1,098
relationship managers across 135 branches and sub-branches in 67
cities in China, and serves the
international investment needs of its clients through a wholly
owned subsidiary in Hong Kong. The
Company's wealth management business had 99,019 registered clients
as of December 31, 2015.
Noah has won numerous awards and recognition, including top 5 in
Fortune's list of Fastest-Growing Companies in 2015, Forbes' Best
Potential Business in China award
in 2015, STCN's Best Third Party Wealth Management Company award in
2014, Hurun Report's Popular Independent Wealth Management
Institution award in 2013 and 2014, and Deloitte's Technology Fast
500 Asia Pacific award in 2013.
For more information please visit Noah at ir.noahwm.com.
SAFE HARBOR STATEMENT
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Among
other things, the outlook for the Noah International and quotations
from management in this announcement, as well as Noah's strategic
and operational plans, contain forward-looking statements. Noah may
also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission, in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Noah's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: its goals and strategies; its future
business development, financial condition and results of
operations; the expected growth of the wealth management market in
China and internationally; its
expectations regarding demand for and market acceptance of the
products it distributes; its expectations regarding keeping and
strengthening its relationships with key clients; relevant
government policies and regulations relating to its industry; its
ability to attract and retain quality employees; its ability to
stay abreast of market trends and technological advances; its plans
to invest in research and development to enhance its product
choices and service offerings; competition in its industry in
China and internationally; general
economic and business conditions in China; and its ability to effectively protect
its intellectual property rights and not infringe on the
intellectual property rights of others. Further information
regarding these and other risks is included in Noah's filings with
the Securities and Exchange Commission, including its annual report
on Form 20-F. Noah does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law. All
information provided in this press release and in the attachments
is as of the date of this press release, and Noah undertakes no
duty to update such information, except as required under
applicable law.
Contacts:
Noah Holdings Limited
Steve Zeng
Noah Holdings Limited
Tel: +86-21-8035-9221
ir@noahwm.com
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SOURCE Noah Holdings Limited