Noah eyes global expansion, plans to pare funds
The Chinese wealth manager plans to grow its staff by 50% next year and may expand to the UK and US in future. It is also seeking insurance partners, but will cut the number of fund firms it works with.
Chinese wealth manager Noah Holdings is moving to boost its international investment capabilities by hiring more professionals in Hong Kong and, eventually, placing teams in the UK and US, to better service rising demand for foreign assets among wealthy mainlanders.
The firm also plans those in operational due diligence, compliance and risk management. The aim is to grow from 86 professionals to 130 next year, said Kenny Lam, Shanghai-based president at Noah Holdings.
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