- Accelerating global expansion into emerging markets with new
brands
- Global investment allocation strategies and expanded product
offerings drive long-term value for clients
- Expanding comprehensive service matrix to address evolving
client needs globally
SHANGHAI, Dec. 9, 2024
/PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company")
(NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth
management service provider offering comprehensive one-stop
advisory services on global investment and asset allocation
primarily for Mandarin-speaking high-net-worth
investors, hosted its 2024 Corporate Open Day on December 6, 2024, in Hong Kong.
At the event, Noah's executive management team outlined the
Company's strategic initiatives including global expansion,
innovation, and competitive global investment product offerings and
comprehensive service matrix. Presentations provided insights into
the evolving wealth management needs of global Mandarin-speaking
individuals and corporate clients, including shifts in investment
preferences, global asset allocation strategies, and the challenges
of navigating global markets.
Noah's co-founder and Chairwoman, Ms. Jingbo Wang, reflected on the event and the
Company's vision for the future: "Noah's mission has always
been to empower our clients with the best tools and strategies to
thrive in an increasingly complex and interconnected world. Our
2024 Corporate Open Day demonstrated how we are turning this vision
into reality—by expanding our global presence, advancing our
technological capabilities, and offering sophisticated global
investment solutions tailored to our clients' unique needs."
"This year, we've experienced a challenging and rapidly evolving
macroeconomic landscape, and have responded with agility, deepening
our expertise in global alternative investments and expanding
offerings like digitalized insurance and global corporate services.
These efforts are designed to create meaningful value for our
clients to capitalize on opportunities in dynamic markets and are
already improving our financial performance with net revenues from
overseas growing by 28.9% year-over-year and 35.3% sequentially
during the third quarter of 2024. While we are still in the
relatively early stages of this overseas expansion, I believe the
presentations and panel discussions today highlight the significant
growth opportunities ahead of us as we acquire new clients through
our competitive global investment solutions and renowned service
standards."
"As we look to the future, Noah will continue to lead with
innovation, collaboration, and a commitment to excellence, shaping
the global wealth management industry for Mandarin-speaking clients
and advancing opportunities for our clients, partners, and the
communities we serve."
Additional highlights from the 2024 Corporate Open Day are
included below.
Strategic Focus and Global Expansion
Noah reaffirmed its commitment to expanding its global
footprint, with discussions highlighting the Company's recent
launch of its new brands to serve overseas Mandarin-speaking
clients: its wealth management arm ARK Private Wealth; asset
management arm Olive Asset Management; and global insurance, trust,
and comprehensive services arm Glory Family Heritage.
Panelists highlighted the significant unmet demand among
domestic clients for international wealth management services,
noting how Noah's expanding global presence uniquely positions it
to service the needs of this still-growing client base while
simultaneously unlocking opportunities with underserved
Mandarin-speaking investors in local markets. Noah's recently
opened office in Japan builds on
its primary booking centers for Ark Private Wealth in Hong Kong, Singapore, and the U.S. in the near future,
which not only serve existing clients but also facilitate
engagement with new clients across emerging markets such as
Southeast Asia and Canada, many of whom are currently underserved
by local financial institutions.
Global Asset Allocation Strategies and Competitive Product
Offerings
The 2024 Corporate Open Day highlighted Noah's ability to
deliver global asset allocation strategies informed by the current
macroeconomic and interest rate environment. Panel discussions
explored Noah's unique competitive advantage in alternative assets
and expanded product offerings in cash management, structured
products, hedge funds, private credit, and infrastructure, in
addition to its traditional strengthens in private equity and
venture capital. Panelists discussed how Noah's robust and
comprehensive product coverage and selection capabilities are
building globally competitive product lines that are increasingly
capturing a larger share of clients' wallets with significant
potential remaining for alternative asset allocation among
prospective overseas clients. Noah's commitment to providing
clients with sophisticated solutions that address their needs for
diversification, risk management, and long-term growth remains
firm.
Comprehensive Service Matrix to Address Emerging Client
Priorities
The event showcased Noah's pioneering efforts to adapt to
evolving client needs and strengthen client stickiness through
innovative new products and services. Noah has directly aligned its
service matrix with the evolving needs of its substantial client
base which predominantly consists of entrepreneurs it has serviced
for years onshore who are now seeking to expand overseas. Panelists
highlighted how Noah's deep insights into the needs of global
Mandarin-speaking clients and international perspective seamlessly
address this demand by helping them navigate an increasingly
complex global environment.
Glory Family Heritage is exploring new business models and
leveraging the synergies with Noah's global ecosystem to offer
global lifestyle, global insurance, tax advisory, trust services,
and other integrated solutions. Its digital insurance platform has
redefined efficiency and transparency and was the first to offer
digital insurance applications and premium payments in Hong Kong. The potential for incremental
growth through commission-only agents, cross-industry institutions,
professional service agencies, licensed financial institutions and
other channels is significant.
Webcast Replay and Presentation Materials
A replay of the event can be viewed on the Company's investor
relations website under the "News & Events" section
at http://ir.noahgroup.com.
ABOUT NOAH HOLDINGS LIMITED
Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading
and pioneer wealth management service provider offering
comprehensive one-stop advisory services on global investment and
asset allocation primarily for mandarin-speaking high-net-worth
investors. In the first nine months of 2024, Noah
distributed RMB47.6 billion (US$6.8 billion) of investment products. Through
Gopher Asset Management and Olive Asset Management, Noah had assets
under management of RMB150.1 billion (US$21.4 billion) as of September 30,
2024.
Noah's wealth management business primarily distributes private
equity, public securities and insurance products denominated in RMB
and other currencies. Noah's network covers major cities in
mainland China, as well as
Hong Kong (China), New
York, Silicon Valley, Singapore, Japan and Los
Angeles. The Company's wealth management business had
460,380 registered clients as of September
30, 2024. Through Gopher Asset Management and Olive Asset
Management, Noah manages private equity, public securities, real
estate, multi-strategy and other investments denominated in RMB and
other currencies. The Company also operates other services.
For more information, please visit Noah
at ir.noahgroup.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. 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 reports to
shareholders, in announcements, circulars or other publications
made on the website of The Stock Exchange of Hong Kong
Limited (the "Hong Kong Stock Exchange"), 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. These
statements include, but are not limited to, estimates regarding the
sufficiency of Noah's cash and cash equivalents and liquidity risk.
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 and asset management market in China and
internationally; its expectations regarding demand for and market
acceptance of the products it distributes; investment risks
associated with investment products distributed to Noah's
investors, including the risk of default by counterparties or loss
of value due to market or business conditions or misconduct by
counterparties; its expectations regarding keeping and
strengthening its relationships with key clients; relevant
government policies and regulations relating to its industries; 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 industries
in China and internationally; general economic and
business conditions globally and 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 and the Hong Kong Stock Exchange. 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.
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SOURCE Noah Holdings Limited