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Noah Holdings launches first Australian office

Property Markets / Outlook


Mar 12 2018

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Noah Holdings has flagged plans to invest up to $2 billion in Australian private equity deals, following the Chinese high-net-worth wealth manager’s Australian launch. 

The New York-listed company opened an office in Melbourne on Friday. 

Noah Holdings holds around $300 billion of capital from almost 190,000 clients, making it the largest high-net-worth network in China. 

The group’s president Kenny Lam told the Australian Financial Review that investors were looking for more sophisticated products, such as telco and media companies, medical-related and health care services. 

Noah Holdings offers its own program to educate high-net groups about the world economy and investment opportunities, encouraging clients and employees to study before making an investment. 

The launch was attended by high-profile groups such as financier Qualitas, the Smorgon family and The Bangarra Group, with each showing interest in the capital held by Noah, which will continue to invest money from clients into products with third party investment houses. 

Unlike everyday investors, Noah Holdings’ clients were not affected by the Chinese government’s capital transfer curbs because much of its funds had already been deposited outside of China. 


SOURCE: Arsineh Houspian, The Australian Financial Review


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