SHANGHAI, Dec. 10,
2024 /PRNewswire/ -- Noah Holdings recently
hosted its 2024 Corporate Open Day in Hong Kong. Across three key panel discussions,
Noah's executive management team outlined the company's strategic
initiatives including global expansion, innovation, and its
competitive global investment product offerings. Presentations also
provided insights into the into the evolving wealth management
needs of global Mandarin-speaking individuals and corporate
clients. Wrapping up a remarkable year for Noah Holdings, here is a
snapshot of the major themes highlighted at the event.
Noah's Global Expansion and Innovative Services: Creating New
Horizons in Wealth Management
Noah has continuously innovated and optimized its services to
meet the increasingly diversified wealth management needs of its
clients. This has been no different this year during its ongoing
international expansion. From brand new solutions to targeted
offerings in key markets, Noah has been proactive in its efforts to
meet the increasingly diversified wealth management needs of its
clients across the globe.
The company has now introduced a fully upgraded international
brand system, including three major global brands: ARK Private
Wealth, Olive Asset Management, and Glory Family Heritage,
providing outstanding global wealth management, asset allocation,
and comprehensive service solutions for Mandarin-speaking clients
worldwide.
Noah understands that Hong Kong
and Singapore are key gateways to
overseas Chinese financial markets, and the company is actively
building its business in both locations. In Hong Kong, Noah's Glory Family Heritage's
digital insurance platform has redefined efficiency and
transparency and was the first to offer digital insurance
applications and premium payments in the market. In Singapore, Noah has established its own
subsidiary and recently obtained key licenses to provide services.
Both locations serve as powerful business hubs with enormous
potential.
Further, through on-the-ground visits to the United States and Europe, Noah has refined its target customer
profile. In the U.S., the company has established a product center
team and is progressing with license applications to upgrade its
business positioning. In Europe,
Noah is also expanding its licensing-related business to better
serve the local Chinese community.
The influence of Mandarin-speaking communities in emerging
markets is becoming increasingly evident, and Noah has already
established a management team in Japan to better cater to clients in this
market. Meanwhile, in Canada and
Australia, Noah has adopted a
light-license model to expand its business there. By leveraging its
global product shelf to empower channels, Noah is accumulating
experience to expand in global markets and tap into overseas
Mandarin-speaking client resources.
This strategy has led to notable performance growth, with Noah
Holdings' overseas net income reaching RMB
376.9 million (approximately USD 53.7
million) in Q3 2024, a year-on-year increase of 28.9%,
accounting for over 55.1% of total revenue. The formation of this
global service network not only reflects the company's deep
understanding of the needs of Mandarin-speaking clients worldwide
but also provides more convenient and comprehensive wealth
management solutions.
Noah Enhances Overseas Presence to Navigate the Winds of
Change and Meet the Needs of Mandarin-speaking Clients
2024 has been a year of transformation for the world, shaped by
the convergence of political, economic, and technological cycles.
It is a complex and volatile macro environment, with diverse
economic growth trends, political instability, disrupted trade, and
interest rate fluctuations. In response to these challenges, Noah
has implemented a diversified asset allocation strategy, covering
categories such as stocks, bonds, and alternative assets, while
balancing emerging and developed regions geographically.
Within product lines, the alternative asset sector has shown
significant advantages and strong historical performance throughout
the year, with a focus on traditional private equity and venture
capital, as well as new niche categories such as cash management.
Going forward, Noah plans to further strengthen its product matrix
with a focus on emerging industries, innovative fund products,
collaborations with globally renowned institutions, iterations on
product offerings, further leveraging the potential of existing
clients, and the exploration of new customer markets overseas. As
an institution with a strong Chinese-background, Noah stands out
compared to overseas competitors due to its rich product offerings,
personalized services, and ease of access, especially in the
alternative assets sector. There is significant allocation
potential for new overseas clients in this area, which will help
them achieve wealth growth and inheritance in complex markets.
The growth in assets under management (AUM) further reinforces
Noah Holdings' professional capability and market leadership in the
global Mandarin-speaking wealth inheritance service sector. As of
the end of Q3 2024, Olive Asset Management, a subsidiary of Noah
Holdings, reported an overseas AUM of USD
5.63 billion, up 16.0% year-on-year. Its share of total AUM
increased from 22.8% to 26.3%. The AUM of overseas private equity
and other primary market funds reached USD
4.27 billion, up 19.0% year-on-year. These figures highlight
Noah Holdings' strong growth momentum in asset management and
underscore its leadership in the global Mandarin-speaking wealth
inheritance service market. Through these strategic initiatives,
Noah Holdings has provided comprehensive wealth management and
inheritance solutions for Mandarin-speaking clients globally,
helping them achieve asset growth and inheritance worldwide.
Noah's Customized Inheritance Services: Leading Wealth
Management Trends
Noah Holdings offers comprehensive and customized inheritance
services in response to global Mandarin-speaking clients' needs for
wealth inheritance. Its brand, Glory, provides a one-stop solution
for overseas family wealth inheritance solution, covering diverse
financial services such as global insurance, identity planning,
trusts, and children's education. Its service network spans key
global regions, including mainland China, Hong
Kong, Singapore,
the United States, Japan, Dubai, Greece, and others, ensuring that
Mandarin-speaking clients worldwide can enjoy consistent,
high-quality services no matter where they are. Notably, Noah
Holdings has set an industry precedent for digital insurance in
Hong Kong, an innovation that not
only enhances service efficiency but also increases client
engagement and satisfaction in wealth inheritance planning.
Furthermore, Noah Holdings offers comprehensive consulting
services in tax planning, including cross-border tax planning and
transfer pricing arrangements, ensuring clients' global tax
compliance, optimizing tax structures, and reducing potential legal
risks. In the areas of insurance and trust services, the company
has launched products covering investment, healthcare, and high-end
customized insurance, and through services such as overseas family
trusts and charitable trusts, it helps clients achieve effective
wealth management and intergenerational inheritance. Additionally,
Noah leverages technology to enhance the client service experience,
improving the professional capabilities and service efficiency of
brokers, thus providing clients with more efficient and
personalized wealth management services.
Each service line has achieved significant results in 2024 and
with further development planned in 2025. Continuous innovation
will be focused on areas such as identity planning, tax planning,
insurance, and trust services, along with the introduction of
specialized products to enhance competitiveness. Noah Technology
plays a key role in improving client experience, with its digital
insurance platform being an industry leader. The potential for
growth in brokerage and channel business is also promising.
Leveraging the Noah Group's ecosystem, Glory gains deep insights
into client needs and offers a one-stop service. Each professional
line provides timely and effective advice and solutions based on
policy changes, ensuring clients receive the best support.
This year's Corporate Open Day has showcased the exceptional
wealth management services Noah Holdings offers to global
Mandarin-speaking clients, leveraging its global presence,
diversified asset management business, and customized inheritance
services. Looking ahead, Noah is committed to upholding its
principles of professionalism, innovation, and client focus,
constantly optimizing its product and service matrix, enhancing
customer experience, and leading the development trends in the
wealth management industry.
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SOURCE Noah Holdings Limited