SHANGHAI--(BUSINESS WIRE)--Jan. 12, 2012--
Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH), the
leading independent service provider focusing on distributing wealth
management products to the high net worth population in China, today
announced that the Company has appointed Mr. Harry B. Tsai as its Chief
Operating Officer (“COO”). Mr. Tsai will replace Mr. Song Ying, who will
take the leadership position as the Company’s co-head of regional sales
and distribution.
Ms. Jingbo Wang, Co-founder, Chairwoman of the board of directors and
Chief Executive Officer, commented, “Mr. Tsai brings more than 20 years
of extensive experience in the finance industry, having previously
served in such leadership positions as the COO of ABN AMRO China. We
expect that his proven track record and insights on operating leading
financial firms will help strengthen our organization in terms of
efficiency and productivity. On behalf of the entire senior management
team, I am proud to welcome Mr. Tsai as our COO.”
Prior to joining us, Mr. Tsai has been an Executive Vice President of
Yuanta Securities of Taiwan since 2008. From 2004 to 2008, he served as
the COO of ABN AMRO China and has been working in the finance industry
since 1989. Mr. Tsai holds a Master's degree of Science in Chemical
Engineering from University of Southern California. He also holds an MBA
in Finance from University of Illinois, Urbana-Champaign.
ABOUT NOAH HOLDINGS LIMITED
Noah Holdings Limited is the leading service provider focusing on
distributing wealth management products to the high net worth population
in China. Noah distributes over-the-counter wealth management products
that are originated in China, including primarily fixed income products,
private equity funds and securities investment funds. With over 500
relationship managers in 53 branch offices as of September 30, 2011,
Noah's total coverage network encompasses China's most economically
developed regions where the high net worth population is concentrated.
Through this extensive coverage network, product sophistication, and
client knowledge, the Company caters to the wealth management needs of
China's high net worth population. For more information please visit the
Company's website at http://www.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 actual results to differ materially from
those contained in any forward-looking statement, including but not
limited to the following: our goals and strategies; our future business
development, financial condition and results of operations; the expected
growth of the wealth management market in China and internationally; our
expectations regarding demand for and market acceptance of the products
we distribute; our expectations regarding keeping and strengthening our
relationships with key clients; relevant government policies and
regulations relating to our industry; our ability to attract and retain
quality employees; our ability to stay abreast of market trends and
technological advances; our plans to invest in research and development
to enhance our product choices and service offerings; competition in our
industry in China and internationally; general economic and business
conditions in China; and our ability to effectively protect our
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.
Source: Noah Holdings Limited
Noah Holdings Limited
Shang Chuang, +86 21 3860 2388
Director
of IR
ir@noahwm.com
