SHANGHAI, Jan. 10, 2017 /PRNewswire/ -- Noah Holdings
Limited ("Noah" or the "Company") (NYSE: NOAH), a leading wealth
and asset management service provider with a focus on global
services for high-net-worth individuals and enterprises in
China, is pleased to announce that
Noah is the winner of the "Best Wealth Manager - China Domestic
Award for 2016" organized by Asian Private Banker, a renowned
publication focusing on the private banking and wealth management
industry across Asia.
"We are very pleased and honored to be selected as the winner.
We believe China domestic market
is one of the most important wealth management markets globally.
Noah has been a leader and pioneer in providing private wealth
management services in China for
over a decade. We will continue to focus on what we believe are the
most important values - long-term stability, value for our
clients and continued innovation in our services, " said
Kenny Lam, Group President of
Noah.
"Noah Private Wealth Management had a landmark year in 2016,
recording considerable growth in both HNW client numbers and the
transaction value of wealth management products, while expanding
its reach throughout China and
overseas. Especially notable is Noah's rigorous due diligence
process that ensures that clients are presented with best-in-class
opportunities," commented by the Asian Private
Banker's Judging Panel.
The winners of the Awards for Distinction were selected by Asian
Private Banker's Judging Panel, utilizing an independent, objective
and rigorous quantitative and qualitative selection methodology
employed since the awards' first inception in 2011. The private
banks and wealth managers who exhibit adaptability in a constantly
changing industry, proficiency in the craft of private banking, and
attentiveness to client needs are most qualified to win these
awards. For further information regarding the 2016 awards and
detailed selection methodology, please visit:
https://asianprivatebanker.com/awards/awards-for-distinction-2016/.
ABOUT NOAH HOLDINGS LIMITED
Founded in 2005, Noah Holdings Limited (NYSE: NOAH) is a leading
wealth and asset management services provider with a focus on
global services for high net worth individuals, enterprises and
institutions in China. In the
third quarter of 2016, Noah distributed over RMB23.9 billion (US$3.6
billion) of wealth management products. As of September 30, 2016, through its asset management
arm Gopher Asset Management, Noah had assets under management of
RMB114.8 billion (US$17.2 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 (RMB) and
foreign currencies, including real estate funds and real estate
funds of funds, private equity funds of funds, secondary market
equity funds of funds and fixed income funds of funds through
Gopher Asset Management. In addition, in June 2014, the Company launched a proprietary
internet finance platform to provide financial products and
services to aspiring high-net-worth individuals in China. Noah delivers customized financial
solutions to clients through a network of 1,095 relationship
managers across 173 branches and sub-branches in 71 cities in
China, and serves the
international investment needs of its clients through wholly owned
subsidiaries in Hong Kong and
the United States. The Company's
wealth management business had 130,491 registered clients as of
September 30, 2016.
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, 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
Noah's 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; the expansion of
its business into the United
States; 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 qualified
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 to infringe on the intellectual property rights of
others. Further information regarding these and other risks is
included in Noah's filings with the U.S. Securities and Exchange
Commission, including its annual reports on Form 20-F. All
information provided in this press release and in the attachments
is as of the date of this press release, and Noah does not
undertake any obligation to update any such information, including
forward-looking statements, as a result of new information, future
events or otherwise, except as required under the 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