Noah Holdings, a Chinese wealth and asset management service provider focusing on global wealth investment and asset allocation services for high net worth individuals and enterprises in China, has appointed Kenny Lam as group president, effective immediately.
He will oversee Noah’s operational and management functions and key strategic initiatives. He will report directly to Jingbo Wang, who is Noah’s founder, chairman of the board of directors, and CEO.
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Referring to the appointment Wang said, "I am excited to have Kenny join Noah’s executive leadership team as he brings a wealth of experience and knowledge of the financial services sector. Kenny’s professional expertise in strategic planning, new management and operational approaches, and his deep familiarity with our business and strategy make him the ideal candidate to help our businesses grow and achieve our long term goals.
"He has shown a longstanding and tireless commitment to Noah through his leadership of the McKinsey team serving Noah for multiple years. I will partner with Kenny and will focus on driving new business development and key strategic initiatives. We believe, together with the entire team, we will bring Noah to new levels of success."
Lam brings 14 years of experience in strategic, operational and management transformations in the financial industry.
He was a global senior partner at McKinsey and a co-leader of its Asia Financial Service Practice, covering 13 markets across Asia.
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By GlobalDataHe was the fastest rising partner in McKinsey Asia when elected as a global partner within six years from his entry to McKinsey.
Under his leadership, McKinsey’s private, retail and digital banking practices have more than tripled their client activities.
He has led transformational programs for leading financial institutions across Mainland China, India, Taiwan, Singapore, Hong Kong, Korea and Japan on a wide range of strategic, financial and operational topics and is McKinsey’s expert on private banking and wealth management.
He has worked with governments and regulators on private banking strategy in the key offshore hubs of Asia.
At McKinsey, he was also the Chairman of its people performance review committees, overseeing the review of Greater China’s more than 200 professionals.
Before McKinsey, he was with American law firm Shearman & Sterling in New York and Hong Kong, counseling multinational corporations in various M&A transactions and NYSE/Nasdaq public offerings.
