Hywin Holdings Names Former Citigroup Investment Banker as Chief Financial Officer
August 12 2021 - 6:00AM
Hywin Holdings Ltd. ("Hywin Wealth", “Hywin”, or the "Company",
NASDAQ: HYW), a leading wealth management service provider in
China, today announced its Board of Directors has approved the
appointment of Mr. Wai Lok (Lawrence) to the position of Chief
Financial Officer, effective on August 12, 2021, as the Company
further bolsters its commitment to international standards of
corporate governance and shareholder value, following its
successful Initial Public Offering (IPO) and listing on NASDAQ in
March.
Meanwhile, Mr. Zhou Huichuan, the previous CFO,
will assume the role of Vice President of Strategic Projects and
spearhead impactful initiatives.
Prior to joining Hywin, Mr. Lok was a senior
investment banker at Citigroup. Mr. Lok had over 15 years of
professional investment banking experience working in the United
States and Hong Kong SAR. In that role, Mr. Lok led IPOs, private
fundraising, M&As and other major transactions for leading TMT
companies and financial service groups in China and other parts of
Asia, and advised clients on their growth strategies and
transformative initiatives. Mr. Lok graduated from the University
of California, Berkeley with B.A. in Economics and B.S. in Business
Administration.
“We are delighted to welcome Mr. Lok as our new CFO,” said
Madame Wang Dian, Chief Executive Officer of Hywin Holdings. “Mr.
Lok will deploy his strong capital markets expertise to strengthen
our shareholder value-centric business strategy, and broaden our
conversations with the international investor community. Mr. Lok’s
experiences in mergers & acquisitions will also be useful to
Hywin’s pursuits of growth via both organic and inorganic
avenues.”
“Mr. Zhou Huichuan has been instrumental in Hywin’s stellar
growth for the past few years, and he will continue his career with
Hywin and support priority initiatives of the firm,” Madame Wang
added.
Mr. Lok said, “It is a great privilege to join Hywin to
contribute my expertise during a time of significant opportunities
for the company, as China’s high-net-worth clients increasingly
gravitate towards wealth managers that offer independent advisory
and tailored solutions. I look forward to working with such a
talented team to unlock strategic value for our clients and
shareholders.”
About Hywin Holdings Ltd.
Hywin (NASDAQ: HYW) is the third largest independent wealth
management service provider in China, with a 7.5% market share in
terms of 2019 transaction value, according to China Insights
Consultancy. The Company’s primary services are wealth management,
insurance brokerage, and asset management. Wealth management is
currently the Company’s largest business segment, in which its
onshore and offshore solution platform serves clients across
generations. For more information, please visit
https://ir.hywinwealth.com/
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to 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 “anticipate,” “estimate,” “plan,” “project,”
“potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,”
“intend,” “may,” “should,” “will,” “is/are likely to,” “could” and
similar statements. Statements that are not historical facts,
including statements about the Company's beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
Company's filings with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
Investor Contact:
Hywin Holdings Ltd.Jingyi WenEmail:
ir@chyjr.com
ICR, LLCRobin YangPhone: +1 212-537-5797Email:
HywinIR@icrinc.com
Media contact:
ICR, LLCKer ZhengPhone: +86 139-2280-3249Email:
HywinPR@icrinc.com
Hywin (NASDAQ:HYW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hywin (NASDAQ:HYW)
Historical Stock Chart
From Jul 2023 to Jul 2024