Noah US, the US subsidiary of China-focused wealth and asset management firm Noah Holdings, has appointed Shang-yan Chuang as its new CEO.
Chuang has also been appointed as the new CFO of Noah Holdings, replacing Ching Tao. He will assume the new roles on 1 September 2016.
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Chuang, who has over 13 years of experience in the financial services sector, joined Noah in the capacity of a director of investment relations and corporate development in March 2011.
He set up Noah Holdings (Hong Kong) in 2012, and was the company’s executive director and CEO till January 2016.
Prior to Noah, he served as a senior executive in the investment banking division and Asia private equity at Bank of America Merrill Lynch from 2003 to 2011, and was based in Hong Kong.
Noah group president Kenny Lam said: “Shang has an in-depth understanding of Noah, previously as a leader of one of our major businesses, and a proven track record in financial and business management. As the complexity of our businesses grows, Shang can provide highly valuable strategic and financial leadership to the team.
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By GlobalData“At the same time, our expansion in the United States with the formation of Noah US LLC, a new initiative led by Ching, marks another key milestone in the Company's history. This new US presence will allow Noah to introduce much more integrated global wealth and asset management services to our clients. Ching's experience and expertise will provide tremendous leadership for our US expansion.”
