SHANGHAI, China, March 20, 2023 (GLOBE NEWSWIRE) — Hywin Holdings Ltd. (Hywin Wealth, Hywin or the Company) (NASDAQ: HYW), a leading independent wealth management service provider in China, today announced that Hywin Family Office, the business unit for the ultra-high-net-worth (UHNW) segment, completed a two-day program that brought a delegation of clients from mainland China to Hong Kong following the easing of restrictions on travel due to COVID-19, to hear and gain insights into global wealth opportunities.
Roland Song, head of the Hywin family bureau
The delegation was led by Roland Song, head of the Hywin Family Office, and was made up of 30 UHNW clients who were savvy investors, entrepreneurs and patriarchs/matriarchs eager to explore succession solutions to ensure family cohesion.
Activities kicked off on March 14 at the attic of the Bank of China Building, where a series of conferences and seminars were held. Shan Hock Liew, managing director of investment banking at Bank of China International, enlightened the audience on the art and science of corporate finance and shared his keen insights into global banking.
Lawrence Lok, chief financial officer of Hywin Holdings
Lawrence Lok, Chief Financial Officer of Hywin, explained why Hywin is uniquely positioned to guide clients through market volatilities by providing solutions for their families’ wealth and health. Aaron Sung, Head of Asset Management at Hywin International, gave a presentation on the offerings and performance of the Hywins Hong Kong branch, covering external asset management, private market funds and index investing. Yanyi Choy, Head of Wealth Planning at Hywin International, spoke about how trusts can be deployed to ensure continuity, and how tycoon families in Hong Kong have benefited from trust services for decades.
As guest speakers, VP Bank’s Will Wang and EY’s Karina Wong also delivered in-depth and informative sessions. The day ended with a private dinner at Mandarin Oriental Hotel, together with the famous economist Mr. Hong Hao.
Further seminars, workshops and social occasions were organized on 15 March for delegates to mingle with investment industry leaders. Senior representatives from Carlyle Group and Apollo Global Management met with Hywins clients in the morning to present key strategies and share their institutional perspectives on long-term investing. Henley & Partners hosted a luncheon at China Tang, the renowned traditional Chinese fine dining restaurant, and spoke about options for citizenship planning.
President and CEO of VP Bank with Hywin clients
The culmination of the day was a cocktail party with the chairman and CEO of VP Bank, Dr. Thomas R. Meier and Mr. Paul Arni. As the preferred private banking partner of Hywin’s clients, VP Banks’ legacy and offerings have been vividly chronicled by its leaders. In the evening, a private dinner and sightseeing activities were offered, which rounded off the trip on a high note.
Hywin customers on the yacht
As a local guest, Dr. Nick Xiao, Managing Director of Hywin International, expressed his enthusiasm. Ultra high net worth clients are the segment most sought after by global wealth managers. Their prudence, depth of knowledge, extended horizon for planning, and the interplay of wealth, family, and business demand their advisors’ utmost dedication, true humility, passion, nuance, and common sense, said Dr. Xiao.
Nick Xiao, CEO of Hywin International and Roland Song
Lawrence Lok, Chief Financial Officer of Hywin Holdings, added: It has been a very enjoyable program for our clients and also for ourselves. Clients ask new questions, tackle new problems and expect Hywin to understand the changing world and help them position themselves for it. Meanwhile, our professional partners appreciate the opportunities to meet with our clients and take on mandates and assignments. Hywin is truly the bridge across borders and the matchmaker between customers and solutions.
Roland Song, head of the Hywin Family Office, couldn’t agree more. Wealthy clients see the world in motion and approach life as a web of relationships, goals and aspirations. Hywin Family Office is not just an investment engine or a reservoir of insights. We are traveling companions with our customers on their journey to experiment and discover: curious, always available and truly trustworthy.
Chinese UHNW clients, who are the most discerning and discerning investors, have significantly increased their appetite for global asset allocation in recent years. To meet their growing needs, Hywin was one of the first to launch the Family Office proposition in Mainland China and has created a suite of tailor-made solutions for these customers. In the offshore space, Hywin International has set a benchmark in the multi-family office space, gaining accolades from industry publications and the Hong Kong SAR government, and serving UHNW clients domiciled in Greater China, Southeast Asia, the Middle East and beyond.
March 26, 2023 marks Hywin’s second anniversary as a public company. The delegation program is a great success not only in terms of in-depth insight into Chinese UHNW clients rediscovering Hong Kong, but also demonstrating Hywin’s full commitment to building a global ecosystem of wealth management solutions that is offered to all Hywin clients.
About Hywin Holdings Ltd.
Hywin (NASDAQ: HYW) is a leading independent wealth management services provider in China, specializing in providing asset allocation advisory services and comprehensive financial products to wealthy clients. The company’s core services are asset management, asset management, other comprehensive financial services and healthcare management services. Wealth management is currently the company’s largest business segment, where its onshore and offshore solution platforms serve clients of different generations. We also offer high-end, integrated health screening and management services to wealthy clients in China and aim to become a dual platform serving clients across market cycles and life cycles. For more information, visit https://ir.hywinwealth.com.
Safe Harbor Statement
This news release contains statements that may constitute forward-looking statements pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as anticipation, estimate, forecast, plan, project, potential, continue, ongoing, expect, aim, believe, intend, might, ought, will, is likely, might, 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. Additional information about these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is accurate as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statements, except as required by applicable law.
Investor contact:
Hywin Holding Ltd.
Email: ir@hywinwealth.com
Media contact:
ICR, LLC
Email: HywinPR@icrinc.com
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