HomeInvestmentHywin Holdings appoints former Citigroup funding banker as CFO

Hywin Holdings appoints former Citigroup funding banker as CFO

The appointment additional strengthens Hywin’s dedication to worldwide company governance and shareholder worth requirements following a profitable IPO and NASDAQ itemizing.

SHANGHAI, China, 12 August 2021 (GLOBE NEWSWIRE) – Hywin Holdings Ltd. (“Hywin Wealth”, “Hywin” or “Firm”, NASDAQ: HYW), a number one supplier of wealth administration companies in China, at the moment introduced that its Board of Administrators has permitted the appointment of Mr. Wai Lok (Lawrence) as CFO with August 12, 2021, because the Firm additional strengthens its dedication to worldwide company governance and shareholder worth requirements. profitable preliminary public providing (IPO) and itemizing on NASDAQ in March.

In the meantime, Mr. Zhou Huichuan, the earlier CFO, will assume the function of VP of Strategic Tasks and spearhead efficient initiatives.

Previous to becoming a member of Hywin, Mr. Locke was a Senior Funding Banker at Citigroup. Mr. Locke has over 15 years {of professional} funding banking expertise in the USA and Hong Kong SAR. On this function, Mr. Locke led IPOs, non-public fundraising, mergers and acquisitions and different main offers for main TMT firms and monetary companies teams in China and different elements of Asia, and suggested purchasers on their development methods and transformation initiatives. Mr. Locke graduated from the College of California at Berkeley with a BA in Economics and a BA in Enterprise Administration.

“We’re delighted to welcome Mr. Locke as our new CFO,” stated Ms. Wang Dian, CEO of Hywin Holdings. “Mr. Locke will leverage his in depth expertise in capital markets to strengthen our shareholder value-driven enterprise technique and broaden our conversations with the worldwide investor group. Mr. Locke’s experience in M&A will even be instrumental in Hywin’s pursuit of development each by way of natural and inorganic instructions. “

“Mr. Zhou Huichuan has been instrumental in Hywin’s stellar development over the previous a number of years, and he’ll proceed his profession at Hywin and assist the agency’s precedence initiatives,” added Madame Wang.

Locke stated, “I’m honored to hitch Hywin to share my expertise throughout important alternatives for the corporate as China’s excessive web value purchasers more and more gravitate in direction of asset managers who supply impartial recommendation and customised options. I look ahead to working with such a proficient staff to ship strategic worth to our clients and shareholders. “

About Hywin Holdings Ltd.

Based on China Insights Consultancy, Hywin (NASDAQ: HYW) is the third largest impartial asset administration supplier in China with a 7.5% market share when it comes to 2019 transaction worth. The principle companies of the corporate are wealth administration, insurance coverage brokerage and asset administration. Wealth administration is at the moment the biggest enterprise section of the corporate, with its onshore and offshore options platform serving purchasers of various generations. For extra data go to https://ir.hywinwealth.com/

Secure Harbor Assertion

This press launch accommodates statements that will represent “forward-looking” statements underneath the Secure Harbor provisions of the US Personal Securities Litigation Reform Act of 1995. assess, plan, challenge, potential, proceed, current, count on, search, imagine, intend, might, ought to, will , “Will / more than likely”, “may” and related statements. Statements that aren’t historic details, together with statements of the Firm’s beliefs, plans and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Further data on these and different dangers is included within the Firm’s paperwork to the SEC. All data supplied on this press launch is present as of the date of this press launch and the Firm assumes no obligation to replace any forward-looking statements, besides as required by relevant legislation.

Contact individual for traders:

Hywin Holdings Ltd.
Jingyi Wen
Mail: [email protected]

Robin Yang |
Telephone: +1 212-537-5797
E mail: [email protected]

Media Contact:

Ker Zheng
Telephone: + 86139-2280-3249
E mail Mail: [email protected]

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