SHANGHAI, Sept. 22, 2015 /PRNewswire/ -- Noah Holdings Limited ("Noah") (NYSE: NOAH), 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, announced today a strategic partnership with UK Trade & Investment (UKTI).
The partnership is designed to open up opportunities for Chinese high net worth individuals in investment, philanthropy, cultural exchanges, and education in the United Kingdom. UKTI will tailor programs for Noah's clients and ensure that they have broad access to the most suitable opportunities across these areas.
"Globalization for both our client bases is a key trend at UKTI and Noah. At Noah, we wish to ensure that we have the best and most comprehensive service platform for our clients. This partnership is another step towards that goal. The United Kingdom is the number one destination for Chinese investment in Europe. Its rich heritage, world-recognized creativity, and mature financial markets represent an ideal market for our clients. We are very glad to be able to partner with UKTI on this endeavor," said Kenny Lam, Noah's Group President, a law graduate from Oxford University.
The Rt Hon Sajid Javid, MP and Secretary of State for Business, Innovation, and Skills, HM Government said, "The UK and China are both global engines of growth and have a truly global partnership that spans not only trade and investment, but also culture, science, research, education and people-to-people exchanges. We very much look forward to this new partnership with Noah as a way of strengthening the links between the UK and China's dynamic entrepreneurs and of introducing more Chinese businesses to the wide range of investment opportunities the UK offers."
UK Trade & Investment (UKTI) works with UK based businesses to ensure their success in international markets through exports. It also encourages and supports overseas companies to look at the UK as the best place to set up or expand their business.
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. From its founding to June 30, 2015, Noah has distributed over US$37.6 billion of wealth management products. As of June 30, 2015, Noah had assets under management of US$10.4 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 manages private equity funds, real estate funds, hedge funds, and other assets through Gopher Asset Management. In addition, in the second quarter of 2014, the Company launched a proprietary internet finance platform to provide financial products and services to white-collar professionals and enterprise clients in China. Noah delivers customized financial solutions to clients through a network of 953 relationship managers across 112 branches and sub-branches in 64 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 81,939 registered clients as of June 30, 2015.
Noah has won numerous awards, including 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 success of the partnership with UKTI, 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 U.S. Securities and Exchange Commission, including its annual reports on Form 20-F. All information provided in this press release 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 applicable law.
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SOURCE Noah Holdings Limited
Luyao Ye, Noah Holdings Limited, +86-21-3860-2308, firstname.lastname@example.org